• Marquee investors including 3P India Equity Fund 1, Tata AIG General Insurance, Dymon Asia Multi-Strategy Investment (Singapore) Pte. and Bennett Coleman & Co. Ltd participate in the pre-IPO round and more…

Mumbai : SBI Funds Management (the “Company”), which is the largest asset management company (AMC) in India by quarterly average mutual fund assets under management (QAAUM), has completed its pre-IPO (Initial Public Offering) placement of around Rs 1,654.99 crore.

As per a Disclosure under Regulation 30 of the SEBI (LODR) Regulations, 2015 to BSE and NSE dated 9 July, 2026.

The Company, in consultation with the Book Running Lead Managers to the IPO has undertaken a private placement of 2,88,32,748 equity shares for cash considerations, at an issue price of Rs 574 per equity share (including a premium of Rs 573 per equity share) which saw participation from 3P India Equity Fund 1, Tata AIG General Insurance Company Limited, Dymon Asia Multi-Strategy Investment (Singapore) Pte. Ltd and Bennett Coleman & Co Ltd,  amongst others.

3P India Equity Fund 1 was allocated 26,13,240 equity shares of the Company on July 9, 2026 for Rs 574 per equity share each aggregating to Rs 149.99 crore. Tata AIG General Insurance Company Limited was allocated 17,42,160 equity shares of the Company on July 9, 2026 for Rs 574 per equity share each aggregating to Rs 99.99 crore.

Dymon Asia Multi-Strategy Investment (Singapore) Pte. Ltd was allocated 4,35,540 equity shares of the Company on 9 July, 2026 for Rs 574 per equity share each aggregating to Rs 24.99 crore. Bennett Coleman & Co Ltd was allocated 8,71,080 equity shares of the Company on 9 July, 2026 for Rs 574 per equity share each aggregating to Rs 49.99 crore.

The IPO is an offer-for-sale for up to 203,709,239 Equity shares of face value of ₹1 each.