India's largest asset manager, SBI Mutual Fund, plans to launch its initial public offering during the week of July 13. The deal aims to raise approximately $1.2 billion, or Rs 11,400 crore, making it a major event for the domestic financial services sector. Investors can expect the price band announcement on July 9.

This offering consists entirely of an offer for sale, meaning the company receives no new capital from the proceeds. Instead, existing shareholders State Bank of India and France's Amundi will sell portions of their holdings. The draft prospectus proposes the sale of up to 20.37 crore equity shares to the public.

Market interest follows the firm's dominant position in the Indian asset management landscape. As the country's largest manager by assets under management, the fund house maintains a massive base of systematic investment plan participants. This listing provides a rare opportunity for public investors to gain exposure to India's growing wealth management market.