Asset management company SBI Funds Management, wants to differentiate itself from other PSUs as it was as aggressive and competitive as private sector companies, said Joint CEO of the IPO-bound company D.P. Singh.

“We are proud of being a PSU. We are proud of our entity. But we should not be seen as a PSU which is not very competitive. We should not look at PSU as something which is not ambitious,” Mr. Singh said in a media briefing announcing the ₹11,675 crore initial public offering. 

The IPO is a completely offer for sale. The price band was fixed at ₹545 to ₹547 a share and investors can bid in lots of 26 shares and subsequently, in multiples of 26. 

Promoters of the company are set to sell 10% stake with State Bank of India (SBI) reducing its shareholding to 55.56% from 61.86%. Amundi India Holding will hold 32.63% of the share capital after the IPO, down from 36.33% .  

The company is India’s largest AMC by quarterly average mutual fund assets under management, with a QAAUM of about ₹ 1,251 lakh crore and a mutual fund market share of 15.3% as of March 31, 2026, according to its IPO note.

Published - July 09, 2026 09:36 pm IST