SBI MF to file docs for listing of Rs 13.5k crore IPO by mid-March

Mumbai: SBI Mutual Fund, India’s largest fund house, is set to file its offer document for its $1.5 billion (around Rs 13,500 crore) IPO by mid-March. The filing is expected to be through the confidential route, sources said. Shareholders and employees of SBI would have a quota in the SBIMF offer through which the two sponsors of the fund house, SBI and Amundi (of France) are selling 6.3% and 3.7% stakes, respectively. Kotak Mahindra Capital, Axis Capital, SBI Capital Markets, Motilal Oswal Investment Advisors, ICICI Securities, JM Financial, HSBC Holdings, Jefferies and Bank of America to manage the offering, sources said. In 2025, two fund houses-ICICI Prudential and Canara Robeco-were listed on the bourses. In addition, over the last few years HDFC MF, Nippon Life India MF, Aditya Birla Sun Life MF and UTI MF were listed. In terms of m-cap, I-Pru MF is at the top with a valuation of Rs 1.5 lakh crore, followed by HDFC MF at Rs 1.2 lakh crore.