SEBI Approves SBI Mutual Fund’s ₹13,000 Crore Public Offering
The market regulator SEBI has granted regulatory approval to the proposed SBI Mutual Fund IPO, which is structured as a pure Offer for Sale (OFS) of 20.37 crore shares by promoters State Bank of India and Amundi India Holding. The issue is estimated to raise approximately ₹13,000 crore and is expected to open for subscription in early July 2026, marking a significant milestone for the asset management industry.
SBI Sets Up Massive Windfall from NSE Listing
Additionally, SBI is set to benefit from the National Stock Exchange (NSE) filing its DRHP for a ₹30,000 crore IPO. As the largest selling promoter, SBI is selling 2.47 crore shares in the NSE OFS, aiming for a windfall of ₹4,950 crore to ₹5,086 crore. This represents a massive 2,568-fold return on SBI’s original investment, which was acquired at an average cost of just 80 paise per share in the 1990s.
