Initial public offering of up to 170,956,631 equity shares of face value of Rs. 1/- each ("Equity Shares") of SBI Funds Management Limited ("the Company") for cash at a price of Rs. 545-574 per equity share (including a share premium of Rs. 544-573 per equity share) ("Offer Price") aggregating up to Rs. 9317.14-9812.91 Crores (the "Offer") through an offer for sale of up to 99,501,649 equity shares of face value of Rs.1/- each aggregating up to Rs. 5422.84-5711.39 Crores by State Bank Of India and up to 71,454,982 equity shares of face value of Rs.1/- each aggregating up to Rs. 3894.30-4101.52 Crores by Amundi India Holding (collectively referred to as "Promoter Selling Shareholders", and such offer, the "Offer For Sale"). The offer includes a reservation of up to 270,271 equity shares of face value of Rs. 1 each, aggregating up to Rs. 14.73-15.51 Crores (constituting up to 0.01% of the post offer paid-up equity share capital of the company, for subscription by eligible SBIFM employees (the "SBIFM Employee Reservation Portion"), a reservation of up to 2,987,076 equity shares of face value of Rs. 1 each, aggregating up to Rs. 162.80-171.46 Crores (constituting up to 0.15% of the post offer paid-up equity share capital of the company, for subscription by eligible SBI employees (the "SBI Employee Reservation Portion" and collectively with SBIFM employee reservation portion, the "Employee Reservation Portion") and a reservation of up to 13,055,629 equity shares aggregating up to Rs. 711.53-749.39 Crores (constituting up to 7.64% of the offer size), for subscription by eligible SBI shareholders (as defined hereinafter) ("SBI Shareholder Reservation Portion"). The offer less the SBIFM employee reservation portion, SBI employee reservation portion and SBI shareholder reservation portion is hereinafter referred to as the "Net Offer". The offer and the net offer shall constitute 8.39% and 7.59%, respectively, of the post-offer paid-up equity share capital of the company.
Price Band: Rs. 545 to Rs. 574 per equity share of face value of Rs. 1 each.
The floor price is 545 times the face value of the equity shares and the cap price is 574 times the face value of the equity shares.
Bids can be made for a minimum of 26 equity shares of face value of Rs. 1 each and in multiples of 26 equity shares of face value of Rs. 1 each thereafter.
A discount of Rs. 54 per equity share is being offered to eligible employees bidding in the employee reservation portion.