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SBINNSESTATE BANK OF INDIA· BanksHighNeutral
Announced Thu, 16 Jul, 2026 · 22:52 IST

SBI updates on SBIFM IPO - offer price set at Rs 574 per share

Ipo Quality AnchorCapital Market Events View source PDFExplain this filing

SBIN · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close
+1.2%Reaction day
₹1031.00
prior close
₹1030.60
announcement price
After-mkt
timing
Nifty 100market+0.9%+0.4% vs market
Public Sector Bank peers, median of 11sector-0.0%+1.2% vs sector

On the reaction day the stock moved 0.4 pts more than Nifty 100 and 1.2 pts more than its Public Sector Bank peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark
Stock
5m
+0.4
10m
+0.5
15m
+1.1
30m
+1.0
Sessions after the filingfrom the prior close
StockMarketvs marketSectorvs sector
Reaction day
+1.2+0.9+0.4-0.0+1.2
Next day
+2.9+0.7+2.2+2.4+0.5
2d
+1.2+0.6+0.6+2.8-1.6
3d
-0.6-0.2-0.4+0.8-1.4
4d
-1.7-0.7-1.0-0.5-1.2
5d
-1.8-1.1-0.8-0.1-1.7
1w
-1.7-0.2-1.5-0.1-1.6
15d
+6.4+2.4+4.0+1.0+5.4
1m
+2.9+1.4+1.5+0.5+2.4
2m
-4.3-2.9-1.4-2.9-1.4
3m
-5.6-4.8-0.7-4.2-1.4
UpDownMarket · Nifty 100Sector · Public Sector Bank peers, median of 11Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

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.