Report: SBI MF Expected to Submit $1.5 Billion IPO Documents by March

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SBI MF Eyes $1.5 Billion IPO in March, Set to Be India's Largest AMC Listing

SBI Funds, with total assets under management of 12.5 trillion rupees, is jointly owned by State Bank of India and Amundi SA.

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Moneycontrol•18-02-2026, 15:34

SBI MF Eyes $1.5 Billion IPO in March, Set to Be India's Largest AMC Listing

•SBI Funds Management Ltd. is expected to file draft papers for an IPO in March, aiming to raise up to $1.5 billion.
•This could be the largest listing by an asset management company in India, targeting a valuation of up to $15 billion.
•The planned share sale comes amidst a slowdown in India's IPO market after two years of record fundraising.
•SBI Funds, jointly owned by State Bank of India and Amundi SA, manages 12.5 trillion rupees in assets.
•Several major financial institutions, including Kotak Mahindra Capital Co. and Axis Bank Ltd., have been appointed to manage the share sale.

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