{"id":1302298,"date":"2025-11-07T15:17:30","date_gmt":"2025-11-07T09:47:30","guid":{"rendered":"https:\/\/trak.in\/stories\/?p=1302298"},"modified":"2025-11-07T15:18:01","modified_gmt":"2025-11-07T09:48:01","slug":"sbi-plans-ipo-of-mutual-funds-division-indias-largest-asset-management-firm","status":"publish","type":"post","link":"https:\/\/trak.in\/stories\/sbi-plans-ipo-of-mutual-funds-division-indias-largest-asset-management-firm\/","title":{"rendered":"SBI Plans IPO Of Mutual Funds Division: India&#8217;s Largest Asset Management Firm"},"content":{"rendered":"\n<p>In a significant development for India\u2019s financial sector, <strong>State Bank of India (SBI)<\/strong> and <strong>Amundi<\/strong>, Europe\u2019s largest fund manager, have announced plans to <strong>jointly sell a 10% stake<\/strong> in <strong>SBI Funds Management (SBIFM)<\/strong> through an <strong>initial public offering (IPO)<\/strong>. The move marks the asset management firm\u2019s long-awaited entry into the public market and aims to unlock shareholder value amid India\u2019s booming IPO climate.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2025\/11\/images-1280x720-1024x576-1024x576-1.jpeg\" alt=\"SBI Plans IPO Of Mutual Funds Division: India's Largest Asset Management Firm\" class=\"wp-image-1302328\" srcset=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2025\/11\/images-1280x720-1024x576-1024x576-1.jpeg 1024w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2025\/11\/images-1280x720-1024x576-1024x576-1-300x169.jpeg 300w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2025\/11\/images-1280x720-1024x576-1024x576-1-768x432.jpeg 768w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>India\u2019s Largest Fund Manager Set for Market Debut<\/strong><\/h3>\n\n\n\n<p>SBI Funds Management, a <strong>joint venture between SBI and Amundi<\/strong>, is <a href=\"https:\/\/www.reuters.com\/world\/india\/state-bank-india-sell-63-stake-sbi-funds-management-via-ipo-2025-11-06\/#:~:text=SBI%20will%20sell%20a%206,listing%20of%20SBI%20Cards%20(SBIC.\">India\u2019s <strong>largest asset management company (AMC)<\/strong><\/a>, commanding a <strong>15% market share<\/strong> and managing assets worth nearly <strong>\u20b9120 billion ($1.37 billion)<\/strong>. The fund serves both retail and institutional investors through its extensive mutual fund and portfolio management offerings.<\/p>\n\n\n\n<p>This IPO marks the <strong>third listing of an SBI subsidiary<\/strong>, following the successful debuts of <strong>SBI Cards<\/strong> and <strong>SBI Life Insurance<\/strong>.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Stake Split and Listing Timeline<\/strong><\/h3>\n\n\n\n<p>According to SBI\u2019s announcement, the lender will sell a <strong>6% stake<\/strong>, while Amundi will offload <strong>3.7%<\/strong> of its holdings. Currently, <strong>SBI holds 61.9%<\/strong> in SBIFM and <strong>Amundi owns 36.4%<\/strong>.<\/p>\n\n\n\n<p>The IPO is expected to <strong>be completed in 2026<\/strong>, with SBI beginning the process of <strong>appointing investment bankers and conducting a fresh valuation<\/strong>. The listing is likely to position SBIFM among India\u2019s most valuable financial services firms upon debut.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>IPO Market Momentum in India<\/strong><\/h3>\n\n\n\n<p>The SBI-Amundi offering comes amid a record-breaking year for India\u2019s IPO market. According to <strong>LSEG data<\/strong>, over <strong>240 firms raised $10.5 billion<\/strong> in the first nine months of 2025, making India the <strong>third-largest market globally<\/strong> for primary fundraising.<\/p>\n\n\n\n<p>High-profile listings by <strong>Tata Capital, LG Electronics India, and HDB Financial<\/strong> have already pushed IPO proceeds beyond <strong>$20 billion<\/strong>, highlighting strong investor appetite for quality assets.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Unlocking Value and Growth Potential<\/strong><\/h3>\n\n\n\n<p>\u201cThis listing will unlock value for the asset manager, and the Indian market presents significant development potential,\u201d said <strong>Val\u00e9rie Baudson<\/strong>, CEO of Amundi, which manages <strong>\u20ac2.3 trillion<\/strong> in assets.<\/p>\n\n\n\n<p>SBIFM posted a <strong>net profit of \u20b915.86 billion<\/strong> in the first half of FY2025\u201326, a <strong>15% year-on-year increase<\/strong>, reflecting the robust growth of India\u2019s mutual fund industry driven by rising retail participation and digital investing platforms.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a significant development for India\u2019s financial sector, State Bank of India (SBI) and Amundi, Europe\u2019s largest fund manager, have announced plans to jointly sell a 10% stake in SBI Funds Management (SBIFM) through an initial public offering (IPO). The move marks the asset management firm\u2019s long-awaited entry into the public market and aims to [&hellip;]<\/p>\n","protected":false},"author":30,"featured_media":1302328,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[1081,460],"class_list":["post-1302298","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-ipo","tag-sbi"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>SBI Plans IPO Of Mutual Funds Division: India&#039;s Largest Asset Management Firm - Trak.in - Indian Business of Tech, Mobile &amp; Startups<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trak.in\/stories\/sbi-plans-ipo-of-mutual-funds-division-indias-largest-asset-management-firm\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SBI Plans IPO Of Mutual Funds Division: India&#039;s Largest Asset Management Firm - Trak.in - Indian Business of Tech, Mobile &amp; Startups\" \/>\n<meta property=\"og:description\" content=\"In a significant development for India\u2019s financial sector, State Bank of India (SBI) and Amundi, Europe\u2019s largest fund manager, have announced plans to jointly sell a 10% stake in SBI Funds Management (SBIFM) through an initial public offering (IPO). 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