Announced Thu, 16 Jul · 22:52 IST
SBI updates on SBIFM IPO - offer price set at Rs 574 per share
SBIN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+2.9%1-day move
₹1031.00
prior close
₹1030.60
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.4+0.5+1.1+1.0+2.9+1.2-0.6-1.7-1.8—————
Up moveDown movePending
AI summary
SBI informed exchanges that the IPO of its subsidiary SBI Funds Management Limited has been priced at Rs 574 per share, with a Rs 54 employee discount. SBI is selling about 4.89 percent stake (99.5 lakh shares) via offer for sale, while Amundi India Holding is selling 71.45 lakh shares (3.51 percent). Allotment is expected around July 20, 2026. SBIFM reported total income of Rs 4,969 crore and reserves of Rs 3,533 crore in FY26.
Likely market impact
IPO pricing confirms subsidiary valuation and unlocks value in SBIFM for SBI. Minor stake dilution via offer for sale, positive signal for SBI shareholders.