The State Bank of India is selling a 6.3 per cent stake in SBI Funds Management through the IPO of the subsidiary company. In an exchange filing, the State Bank said that the Executive Committee of the Central Board has approved the divestment of 3.206 crore shares of SBI Funds Management.

The banker added that the SBI Funds Management IPO is subject to approval from regulatory authorities.

“Apart from maximizing value realization for the existing stakeholders, the IPO will create opportunities for the general shareholders, broaden market participation and lead to increased awareness of products to a wider set of potential investors.” SBI Chairman, Challa Sreenivasulu Setty, said in a statement.

SBI Funds Management IPO likely in 2026

SBI Funds Management, a joint venture between S

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