SBI Funds Management will open its initial public offering for subscription on July 14, with the price band expected to be announced on July 9.
The listing marks a significant milestone for India's largest asset management company, which is preparing to bring a portion of its equity to public markets after securing substantial institutional backing.
The IPO is structured as a joint venture between State Bank of India and French asset manager Amundi SA.
Amundi is set to offload a portion of its stake in the offering, providing liquidity to the foreign partner while retaining a strategic position in the Indian asset management sector.
The move aligns with broader trends of Indian financial institutions leveraging public markets to raise capital and enhance transparency.
The offering has already attracted commitments from major sovereign wealth funds, including the Abu Dhabi Investment Authority (ADIA) and Singapore's GIC.