SBI Shares in Focus as Mutual Fund Arm Files DRHP for IPOSBI Shares in Focus as Mutual Fund Arm Files DRHP for IPO

Introduction

Leading public sector bank’s mutual fund subsidiary has filed a draft red herring prospectus with SEBI for an initial public offering of equity shares.

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Share price movement of SBI

On 20 March, State Bank of India opened at ₹1,058.00, up 0.86% from its previous close of ₹1,048.95. The stock reached a high of ₹1,085.00 (3.44%) and a low of ₹1,054.05. By the close, it traded at ₹1,072.14, a 2.21% increase, with a market cap of ₹9,77,245.48 crore.

SBIFML Files DRHP With SEBI

SBI Funds Management Limited, a subsidiary of State Bank of India, filed a draft red herring prospectus dated March 19, 2026 with SEBI. The IPO involves an offer for sale of up to 20,37,09,239 equity shares of face value Rs 1 each.

The IPO represents up to 10.0013% of SBIFML’s paid-up equity share capital. SBI will sell up to 12,83,34,397 shares amounting to 6.3007% stake, while Amundi India Holding will offload up to 7,53,74,842 shares amounting to 3.7006% stake.

SBI’s share count was revised from 3,20,60,000 shares to 12,83,34,397 shares due to increase in SBIFML’s equity capital from bonus share issuance and ESOP exercises. The IPO will follow the book-building process under SEBI ICDR Regulations and remains subject to regulatory approvals.

Stock performance of SBI for Period of 1 week, 6 months, and 1 year

SBI delivered a 1-week return of 0.18%, a 6-month return of 21.6%, and a 1-year return of 39.9%.

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Shareholding Pattern of SBI

Particulars	Dec 2025	Sep 2025	Jun 2025
Promoter	55.50%	55.50%	55.50%
FII	10.30%	9.60%	10.00%
DII	27.20%	27.80%	27.20%
Public	7.00%	7.10%	7.30%

About SBI

State Bank of India (NSE: SBIN) is India’s largest public sector bank with over 200 years of history, holding approximately 22% deposit market share and 20% net advance share.

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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

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