Suspense Crime, Digital Desk : Country’s largest bank State Bank of India’s (SBI) fund management company, SBI Funds Management Limited (SBI Funds Management IPO), may be listed on the stock market by 2026. This information was provided by the SBI Chairman Challa Srinivasulu (CS) Setty during the Citi India 2026 Conference held on Wednesday. He informed that SBI is preparing for a listing of its asset management company by way of IPO. Papers have already been submitted to SEBI for the same.Size of the listing:"SBI AMC is expected to list in calendar year 2026," Setty further said. According to market estimates, the SBIFML IPO is expected to be of Rs 13,000 crore. If the size becomes the same, it will be the largest IPO in India's asset management industry till date.The entire IPO is proposed as an offer-for-sale (OFS) and approximately 203.7 million shares are likely to be divested. The same is estimated to be around 10 per cent of the total shareholding. Out of the entire offering, around 6.3 per cent stake will be divested by SBI and the joint venture partner Amundi Asset Management will divest around 3.7 per cent stake.Focusing on the long term:SBI has 63% stake in SBI Funds Management and Amundi 37% stake. While stating that geopolitical uncertainty is at all-time high, SBI Chairman expressed optimism regarding the long term prospects of Indian economy."The whole global economy has geopolitical instability", he stated adding that with new challenges faced every year by businesses and investors, focus of the investors should be on long-term structural story of the Indian economy rather than market volatility.This would be the third company of the SBI group to go public:"Do not look at Sensex but look at India as a long term growth story," said Setty adding further that "India is not a backward country any more and is evolving as a signature growth story for the 21st century".The listing would be the third listed company from the SBI group after SBI Cards and SBI Life Insurance.
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