India, March 20 -- The proposed IPO comprises up to 20,37,09,239 equity shares with a face value of Re 1 each, representing up to 10.0013% of the company's paid-up equity share capital. The issue is entirely an offer for sale (OFS). As a part of OFS, SBI plans to offload 12,83,34,397 equity shares (amounting to 6.30% stake) while Amundi India Holding will sell up to 7,53,74,842 equity shares (about 3.70% stake).

For FY25, SBI Funds Management's total income stood at Rs 4,230.92 crore(0.64% of total income of SBI Group) The company's reserves & surplus was at Rs 5,108.56 crore, accounting for 1.19% of SBI Group's total reserve and surplus.

After listing, SBI Funds Management will be among the listed Asset Management players including HDF...