Bureau Prayagraj- A big news has emerged for those investing in the stock market. The country’s well-known fund house SBI Mutual Fund has started preparations for an IPO and for this has submitted its draft papers to SEBI. The special thing about this IPO is that no new shares will be issued in it, rather the entire issue will come under Offer for Sale (OFS). That means existing investors will sell their stake. About 20.37 crore equity shares will be included in this offer.
According to reliable sources of SBI
Under this process, the promoters – State Bank of India and Amundi will reduce their stake to some extent. SBI Funds Management Limited is a joint venture between SBI and Paris-based Amundi. The strength of the company can be gauged from the fact that as of December 2025, its average funds under management (QAUM) stood at around Rs 12.5 lakh crore, making it the largest asset management company in the country. Overall, the arrival of this IPO can see a new movement in the market and investors can get a strong and Hopefully a reliable alternative will be found.
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