SBI Funds Management files IPO papers with Sebi

Agency:

PTI

Last Updated:March 19, 2026, 22:15 IST

New Delhi, Mar 19 (PTI) SBI Funds Management on Thursday filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO).

The company’s maiden public offering is completely an offer for sale (OFS) of up to 20.37 crore equity shares with no fresh issue component, according to the draft red herring prospectus (DRHP).

The issue includes stake sales by promoters, State Bank of India and Amundi India Holding.

A consortium of merchant bankers has been appointed to manage the issue, including Kotak Mahindra Capital, Axis Capital, BofA Securities India, HSBC Securities and Capital Markets (India), ICICI Securities, Jefferies India, JM Financial, Motilal Oswal Investment Advisors and SBI Capital Markets. PTI SP BAL BAL

(This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI)

First Published:

March 19, 2026, 22:15 IST

News agency-feeds SBI Funds Management files IPO papers with Sebi

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