13 Nov 2025 | 3 Mins Read
SBI Funds Management to raise $1.2 billion via IPO
Flipitmoney
SBI Funds Management plans to raise $1.2 billion through an IPO in the first half of 2026, valued at $12 billion. The company's parent, State Bank of India, will sell a 6.3% stake, and its partner Amundi India will sell 3.7% of its stake. The IPO is expected to contact banks for pitches in coming weeks.