SBI Funds IPO likely to open in the week of July 13, targets valuation of up to ₹1.2 lakh crore
Published on: July 3, 2026, 11:31 p.m. | Source: CNBC TV18
SBI Funds Management is preparing to launch one of India's biggest IPOs this year, with the issue expected to open in the week beginning July 13 and raise as much as $1.2 billion through a pure offer-for-sale. The country's largest asset manager is targeting a valuation of ₹1.15 lakh crore-₹1.2 lakh crore, lower than earlier expectations, as it gauges investor sentiment amid a revival in the primary market. The listing comes ahead of several anticipated billion-dollar IPOs, including those of Jio Platforms, the National Stock Exchange and Manipal Health Enterprises. The proposed share sale will see promoters State Bank of India and France's Amundi pare their stakes, while a consortium of nine investment banks, including Kotak Mahindra Capital, Axis Capital, SBI Capital Markets, JM Financial and HSBC, has been appointed to manage the offering.
