SBI Funds Management files RHP for IPO; issue opens on July 14

SBI Funds Management has filed the red herring prospectus for its IPO, which will open on July 14, 2026 and close on July 16. The issue is entirely an offer for sale of up to 203.71 million equity shares, representing about 10% of paid-up equity, with SBI divesting a 6% stake and Amundi India Holding offloading about 3.70%. No proceeds will accrue to the company as it is a pure OFS. For FY26, SBIFM reported a total income of around 4,969 crore.