India’s biggest asset management company SBI Funds Management plans to launch its initial public offering. The company intends to submit its draft prospectus to the Securities and Exchange Board of India (SEBI) which it plans to file by mid-February. The company targets an April listing which will depend on current market conditions.
IPO Details and Valuation
Investment bankers have pitched the IPO size at $1.2-1.4 billion, valuing SBI Funds Management at $12-14 billion. The offering will proceed with SBI and French asset management firm Amundi selling part of their shares to investors, yet the exact share percentage to be sold will be established based on market conditions at the time of filing.
About SBI Funds Management
SBI Funds Management operates as a joint venture between Amundi and the State Bank of India, which manages assets that total ₹12.5 trillion as of 31 December 2025. The company operates extensive operations which allow it to compete as a major player in India’s mutual fund industry through its ability to access both equity and debt markets.
Market Outlook
India’s financial markets will reach a major achievement through the IPO because it will draw both local and international investors. The analysts predict that the upcoming listing will establish a standard which other financial sector IPOs will follow in 2026.
Key Takeaways
- Draft IPO filing expected mid-February 2026
- Listing likely by April 2026
- IPO size: $1.2-1.4 billion
- Valuation: $12-14 billion
- SBI and Amundi to divest shares
- Average assets under management: ₹12.5 trillion
