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  3. SBI Mutual Fund – Eyes March Deadline for ₹13,000 Crore IPO DRHP Filing

SBI Mutual Fund – Eyes March Deadline for ₹13,000 Crore IPO DRHP Filing

12 Mar 2026

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Key Takeaways

Key Takeaway:
SBI Mutual Fund’s proposed ₹13,000-crore OFS IPO—targeting a ₹1.3 lakh crore valuation—faces a critical March DRHP filing deadline, as delays could trigger additional audit requirements and push back the listing timeline.

Key Takeaway:
SBI Mutual Fund’s proposed ₹13,000-crore OFS IPO—targeting a ₹1.3 lakh crore valuation—faces a critical March DRHP filing deadline, as delays could trigger additional audit requirements and push back the listing timeline.

sbi fund management unlisted shares

SBI Fund Management

DRHP filed0.00%

Expert Analysis

Expert Analysis:

  • SBI Fund Management Ltd, India’s largest asset manager, is racing to file its Draft Red Herring Prospectus (DRHP) by the end of March for its planned ₹13,000 crore IPO. Missing this deadline could trigger audit delays and require updated financial statements, potentially postponing the listing timeline.

  • The proposed IPO is structured entirely as an Offer for Sale (OFS), meaning the company itself will not receive any fresh capital from the issue.

  • State Bank of India plans to sell about 6.3% of its stake, which could generate over ₹8,000 crore, while joint-venture partner Amundi Asset Management is expected to trim part of its holding worth nearly ₹5,000 crore.

  • The IPO aims for a valuation of around ₹1.3 lakh crore, implying a price-to-earnings multiple of roughly 51x, slightly higher than peer ICICI Prudential AMC.

  • To manage the offering, the company has appointed nine merchant bankers including Bank of America, HSBC, and Kotak, while aiming to cap IPO expenses at about ₹75 crore.

Publisher:NDTV Profit