Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Updates on IPO of SBI Funds Management Limited
This is further to our letter no. CC/S&B/AND/2025-26/920 dated March 19, 2026 with regards to filing of the draft red herring prospectus dated March 19, 2026 by SBI Funds Management Limited (“SBIFM”), a subsidiary company of State Bank of India.
In this respect, we further advise as under:
We have been informed by SBIFM that it has filed a red herring prospectus dated July 8, 2026 with the Registrar of Companies, Mumbai – I at Mumbai (“RHP”), in relation to the proposed initial public offering of its equity shares of Rs. 1 (one) each (“Equity Shares”). This initial public offering is an offer for sale of up to 203,709,239 equity shares of face value of Rs. 1 (one) each, representing up to 10.0013% of its paid-up equity share capital for cash (“IPO” or “Offer”). The IPO comprises an offer for sale of up to 128,334,397 Equity Shares (amounting to 6.3007% of the paid-up equity share capital of SBIFM) by State Bank of India, and of up to 75,374,842 Equity Shares (amounting to 3.7006% of the paid-up equity share capital of SBIFM) by Amundi India Holding. The IPO remains subject to receipt of regulatory approvals, market conditions and other considerations.
Further, State Bank of India has been informed by SBIFM that, in compliance with applicable law, including, the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, Anchor Investors shall Bid one Working Day prior to the Bid/ Offer Opening Date, being Monday, July 13, 2026. Further, the Bid/Offer Period for QIBs will close one Working Day prior to the Bid/Offer Closing Date, i.e. Wednesday, July 15, 2026. IPO will be open for subscription by the public on Tuesday, July 14, 2026 and shall close on Thursday, July 16, 2026.
Tax Concept is a dedicated team of financial writers, legal analysts, and tax professionals committed to breaking down complex Indian corporate updates. From real-time GST amendments and crucial Income Tax judgements to EPFO schemes and corporate law updates, TaxConcept serves as a reliable, authoritative guide for chartered accountants, businesses, and everyday taxpayers seeking absolute compliance clarity.