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India's Largest Mutual Fund SBI MF Prepares for ₹13,000 Crore Mega IPO
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SBI MF plans mega ₹13,000 crore IPO; DRHP filing by March end
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CNBC Awaaz
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11-03-2026, 17:19
SBI MF plans mega ₹13,000 crore IPO; DRHP filing by March end
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SBI Fund Management, India's largest asset management company, plans a mega IPO worth approximately ₹13,000 crore.
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Company aims to file its Draft Red Herring Prospectus (DRHP) by the end of March to avoid re-auditing financial records.
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The IPO will be an Offer For Sale (OFS), with State Bank of India selling about 6.3% stake and Amundi also offloading shares.
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Proposed valuation is around ₹1.3 lakh crore, with a P/E ratio of 51x, slightly higher than ICICI Prudential AMC.
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9 merchant bankers, including Bank of America, Kotak, and HSBC, have been appointed to manage the issue.
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