• State Bank of India (SBI) and Amundi India Holding have sold 3.27 crore shares in the pre-ipo round

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 1,880 crore.

The Company, in consultation with the Book Running Lead Managers to the IPO has undertaken a private placement of 32,752,608 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 WhiteOak Capital, 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 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 for Rs 574 per equity share each aggregating to Rs 99.99 crore, WhiteOak Capital India Opportunities Fund was allocated 1,742,160 equity shares of the company 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 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 for Rs 574 per equity share each aggregating to Rs 49.99 crore.

As per the public disclosure, post the Pre-IPO the offer-for-sale is now up to 170,956,631 Equity shares of face value of Re 1 each.