SBI Chairman CS Setty, on earlier occasions, has indicated that the IPO filing is expected to happen by March, with a potential listing expected by September 2026. The boards of SBI, Amundi, and SBI Funds Management have collectively passed a roadmap of 12-months for the listing process.
If successful, SBI Funds Management would be the third subsidiary of SBI to go public on stock exchanges, unlocking further value for shareholders.
Leading investment banks have been selected for managing the IPO, and they include Kotak Mahindra Capital, Axis Capital, BofA Securities India, HSBC Securities, ICICI Securities, Jefferies India, JM Financial, , and SBI Capital Markets.