SBI has revised the proportion of shares it will sell in the upcoming SBI Funds Management (SBIMF) IPO. The size of offer-for-sale by SBI has been revised from up to 128,334,397 equity shares (amounting to 6.3%) to up to 99,501,649 (amounting to 4.8851%). The announcement comes following the bank making a pre-IPO sale of ₹1,655 crore, divesting a 1.4% stake.