What was filed
State Bank of India disclosed, under Regulation 30 of the SEBI (LODR) Regulations, that the offer price for the initial public offering of its subsidiary, SBI Funds Management Limited (SBIFM), has been decided. The update follows a sequence of earlier intimations on the offer: the red herring prospectus dated July 8, 2026 filed with the Registrar of Companies, the pre-IPO transaction, and an addendum to the RHP dated July 10, 2026.
The pricing detail
The substance of the filing is the fixed offer price and a discount extended to staff. An employee discount was offered to eligible employees in accordance with the terms of the RHP as read with the addendum. The bank noted the announcement does not itself constitute an offer or invitation to buy securities, and that the shares have not been and will not be registered in the United States.
Why it matters to a holder
SBIFM is a subsidiary of State Bank of India, and its listing monetises part of the bank's stake in its asset-management business. The offer price sets the valuation ascribed to that subsidiary. This intimation confirms the final pricing step of the listing process; the specific holdings, dilution and proceeds attributable to SBI are governed by the RHP referenced in the filing rather than restated here.