SBI Mutual Fund, India's largest fund house, has received Sebi's approval to launch its IPO, comprising an offer for sale of up to 20.37 crore equity shares.
SBI Mutual Fund (India's largest AMC, ₹12.5 lakh crore AUM) secured SEBI nod for ₹13,000cr IPO via promoter stake sale next month. Listing creates M&A benchmark for fintech and wealth management consolidation in regulated Asian markets.
The proposed IPO is entirely an offer for sale
Jun 20, 2026
10:45 am
What's the storySBI Mutual Fund, India's leading asset management company, has received approval from the Securities and Exchange Board of India (SEBI) to launch its initial public offering (IPO), according to PTI.
The proposed IPO is entirely an offer for sale (OFS) of up to 20.37 crore equity shares, as per the draft red herring prospectus (DRHP) filed in March.
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