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The Economic Times
The Economic Times
Debaroti Adhikary

SBI Funds Management IPO: What portion is reserved for SBI's 38 lakh shareholders?

SBI SBI Funds Management IPO Amundi India Holding State Bank of India

SBI Funds Management's (SBI Mutual Fund) initial public offering (IPO), valued at up to Rs 11,693 crore, is set to open for public subscription on July 14, with up to 1.3 crore shares reserved for eligible SBI shareholders.

The IPO, set to be the largest public issue of 2026 so far, will open for subscription from July 14 to July 16 at a price band of Rs 545-574 per share. The issue comprises an offer for sale (OFS) of over 20 crore shares by State Bank of India (SBI) and Amundi India Holding. Share allotment is expected on July 17, with the stock likely to list on the exchanges on July 21.

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