Summary
SBI Funds Management IPO is a mainboard Offer-for-Sale issue by SBI and Amundi India Holding.
SBI Funds Management, the fund manager of SBI Funds Management, is the largest asset management company in India with leadership across multiple investment segments.
Issues are open for subscription from 14 July 2026 and are fixed to close on 16 July 2026.
SBI Funds Management IPO is a main board OFS IPO listing from SBI and Amundi India Holding. This IPO will be available for subscription from 14th July 2026 to 16th July 2026, and is offered at a price range of ₹545 – ₹574 per share. Investors tracking the issue can also monitor the Grey Market Premium, financial statements, and other important information. After the completion of the IPO process, these shares will be traded on both NSE and BSE from 21 July 2026.
SBI Funds Management IPO–Key Details
Key information about the SBI Funds Management IPO is presented in the table below:
| IPO Open | July 14, 2026 |
| IPO Close | July 16, 2026 |
| Face value | ₹1.00/share |
| Price Band | ₹545 – ₹574 per share |
| Issue price | |
| IPO Lot Size | 26 shares |
| Offer-for-sale | 17,09,56,631 equity shares |
| Fresh issue | Nil (purely OFS) |
| Issue Type | Book-built / Mainboard |
| Listing | BSE, NSE |
| Total Issue Size (₹ Crore) | ~₹9,812.91 crore |
| Minimum Investment (Retail) | ₹14,924 (26 shares × ₹574) |
SBI Funds Management IPO–Timeline
The timeline for the SBI Funds Management IPO is listed below.
| IPO Open Date | 14 July 2026 |
| IPO Close Date | 16 July 2026 |
| Tentative Allotment | 17 July 2026 |
| Initiation of Refunds | 20 July 2026 |
| Credit of Shares to Demat | 20 July 2026 |
| Tentative Listing Date | 21 July 2026 |
SBI Funds Management Limited–Key Performance Indicators (KPIs)
Below is a summary of key financial metrics and ratios of SBI Funds Management Limited, which reflect its overall financial condition:
| KPIs | FY2025 | FY2024 | FY2023 |
| ROE (%) | 33.77 | 36.05 | 32.13 |
| ROCE (%) | 44.87 | 47.93 | 42.71 |
| Debt-Equity Ratio (in times) | 0 | 0 | 0 |
| RoNW (%) | 33.77 | 36.05 | 32.13 |
| PAT Margin (%) | 59.96 | 60.51 | 56.53 |
| EBITDA Margin (%) | 77.24 | 74.69 | 72.42 |
| Price-Book Value | — | — | — |
SBI Funds Management Limited–Financial Information
The Financial statements of SBI Funds Management are summarised below.
| 2026 | 2025 | 2024 | |
| Revenue | 4,389.48 | 3,597.76 | 2,690.56 |
| Assets | 6,420.45 | 8,771.86 | 7,106.93 |
| Profit After Tax | 3,067.37 | 2,540.15 | 2,072.79 |
(Amount in ₹ crore)
SBI Funds Management IPO–Subscription Status
The following table tracks the daily subscription status across different investor categories of the SBI Funds Management IPO.
| ate | QIB | NII | Retail | EMP | Shareholders | Total |
|---|---|---|---|---|---|---|
| Jul 14 (Day 1) | 0.08 | 1.40 | 0.67 | 1.03 | 1.04 | 0.71 |
| Jul 15 (Day 2) | 1.50 | 6.59 | 1.71 | 2.28 | 4.00 | 2.82 |
| Jul 16 (Day 3) | 2.31 | 11.82 | 2.17 | 2.78 | 5.52 | 4.37 |
SBI Funds Management IPO–Grey Market Premium (GMP)
The latest GMP status shows ₹93, indicating the estimated listing price of ₹667 at a rate of 16.20%.
| GMP Date | GMP | Est. Listing Price (cap price + GMP) | Est. Profit* | Last Updated |
|---|---|---|---|---|
| 21-07-2026 Listing | ₹65 ▼ | ₹639 (11.32%) | ₹1,690 | 21-Jul-2026 9:35 |
| 20-07-2026 | ₹95.5 ▼ | ₹669.5 (16.64%) | ₹2,483 | 20-Jul-2026 23:37 |
| 19-07-2026 | ₹104 ▲ | ₹678 (18.12%) | ₹2,704 | 19-Jul-2026 23:36 |
| 18-07-2026 | ₹92.5 ▲ | ₹666.5 (16.11%) | ₹2,405 | 18-Jul-2026 23:33 |
| 17-07-2026 Allotment | ₹92 ▼ | ₹666 (16.03%) | ₹2,392 | 17-Jul-2026 23:30 |
| 16-07-2026 Close | ₹97 ▲ | ₹671 (16.90%) | ₹2,522 | 16-Jul-2026 23:32 |
| 15-07-2026 | ₹92 ▲ | ₹666 (16.03%) | ₹2,392 | 15-Jul-2026 23:33 |
| 14-07-2026 Open | ₹88 ▼ | ₹662 (15.33%) | ₹2,288 | 14-Jul-2026 23:36 |
| 13-07-2026 | ₹100 ▲ | ₹674 (17.42%) | ₹2,600 | 13-Jul-2026 23:36 |
| 12-07-2026 | ₹89 ▲ | ₹663 (15.51%) | ₹2,314 | 12-Jul-2026 23:28 |
| 11-07-2026 | ₹88 ▼ | ₹662 (15.33%) | ₹2,288 | 11-Jul-2026 23:35 |
| 10-07-2026 | ₹110 ▲ | ₹684 (19.16%) | ₹2,860 | 10-Jul-2026 23:32 |
| 09-07-2026 | ₹84 ▲ | ₹658 (14.63%) | ₹2,184 | 9-Jul-2026 23:29 |
| 08-07-2026 | ₹75 ▼ | ₹75 (0.00%) | ₹0 | 8-Jul-2026 23:29 |
| 07-07-2026 | ₹139 ▼ | ₹139 (0.00%) | ₹0 | 7-Jul-2026 23:29 |
| 06-07-2026 | ₹140 ─ | ₹140 (0.00%) | ₹0 | 6-Jul-2026 23:35 |
The GMP values are sourced from the Grey Market Premium status, referring to the value of the shares in the unofficial market. This value needs to be updated, as the change frequently.
SBI Funds Management IPO–Reservation
Details of the category-wise quota and share allocation are listed in the table below:
| Investor Classification | Shares Offered | % of net issue | % of total issue |
| QIBs | 7,73,21,826 | 50% | 45.23% |
| NIIs | 2,31,96,549 | 15% | 13.57% |
| Individual Investor | 5,41,25,280 | 35% | 31.66% |
| Employees | 32,57,347 | 1.91% | |
| Shareholders | 1,30,55,629 | 7.64% | |
| Total | 17,09,56,631 | 100% | 100% |
SBI Funds Management IPO–Lot Size
The lot size has been fixed at 26 shares. Investors can bid in multiples of 26 shares. Here’s the full breakdown:
| Category | Lots | Shares | Amount |
| Retail (Minimum) | 1 lot | 26 shares | ₹14,924 |
| Retail (Maximum) | 13 lots | 338 shares | ₹1,94,012 |
| sNII (Minimum) | 14 lots | 364 shares | ₹2,08,936 |
| sNII (Maximum) | 67 lots | 1,742 shares | ₹9,99,908 |
| bNII (Minimum) | 68 lots | 1,768 shares | ₹10,14,832 |
SBI Funds Management IPO–Anchor Investors Details
Before the shares are made public, they are allotted to the anchor investors of the company. Below is the description of shares allocated to the anchor investors of the SBI Funds Management IPO.
| Bid date | 13 July 2026 |
| Shares offered | 4,63,93,095 |
| Anchor portion (₹ in Crore) | 2,662.96 |
| Closing lock-in period for 50% shares (30 days) | 16 August 2026 |
| Closing lock-in period for remaining shares (90 days) | 15 October 2026 |
SBI Funds Management IPO–Prospectus
For a complete understanding of the offering, including risk factors and regulatory disclosures, investors are encouraged to review the official filing documents.
About SBI Funds Management Limited
Incorporated on: 7 February 1992
Managing Director & CEO: Debasish Mishra
SBI Funds Management Limited is the investment manager to SBI Mutual Fund and India’s largest AMC by mutual fund QAAUM.
According to the Quarterly Average Assets Under Management (QAAUM) as of 31st March 2026, SBI Funds Management emerged as the biggest asset management company in India. The company has managed an asset size of ₹12,509.98 billion of mutual fund QAAUM, which comprised a 15.3% market share. The company’s total QAAUM was over ₹29 trillion.
| Name | |
| Book Running Lead Managers (BRLM) | Kotak Mahindra Capital Company Ltd |
| Axis Capital Ltd | |
| BofA Securities India Ltd | |
| HSBC Securities and Capital Markets (India) Pvt Ltd | |
| ICICI Securities Ltd | |
| Jefferies India Pvt Ltd | |
| JM Financial Ltd | |
| Motilal Oswal Investment Advisors Ltd | |
| SBI Capital Markets Ltd | |
| IPO Registrar | KFin Technologies Ltd |
Objectives of SBI Funds Management
Since the IPO is an Offer-for-Sale (OFS), SBI Funds Management Limited will not receive any proceeds from the issue.
The net proceeds, after deducting applicable expenses and taxes, will be received by the selling shareholders, namely SBI and Amundi India Holding.
SBI Funds Management Limited–Strengths
- Leading Position in the AMC Industry: SBI Funds Management Limited manages more mutual fund assets than any other asset manager in India.
- Strong Presence in PMS and Specialised Funds: The company leads the PMS and specialised investment fund segments with significant market share.
- Large and Loyal SIP Investor Base: The strong SIP franchise of the company supports recurring investments and contributes to long-term investor retention.
- Backing of SBI and Amundi: The company combines the extensive domestic reach of SBI with the global asset management expertise of Amundi.
SBI Funds Management Limited–Risks
- Reliance on Asset Growth: A significant portion of the company’s income depends on the value of its asset under management (AUM). A decline in the market value or outflow of investors would affect its finances.
- Risk of Volatility: The dynamic nature of the market, including high volatility or any slump in the Indian capital markets, could cause a reduction in AUM, revenue, and profits.
- Risk of Poor Fund Performance: Poor performance by the company’s investment fund, in comparison to other funds, would lead to higher redemptions.
- Concentration in Key Fund Schemes: A significant share of assets and revenue comes from a limited number of schemes, increasing concentration risk.
SBI Funds Management IPO–Review
SBI Funds Management IPO comes from one of India’s most established asset management businesses, supported by a strong market position, diversified investment offerings, and a large investor base. The company’s financial performance reflects consistent growth and healthy profitability over recent years.
Additionally, since the issue is entirely an Offer-for-Sale, the company will not receive fresh capital from the IPO. The subscriptions will open for bidding from July 14th, 2026, and will close on July 16th, 2026.
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SBI Funds Management IPO FAQs
The SBI Funds Management IPO is a proposed mainboard public issue comprising an Offer-for-Sale (OFS) of 17,09,56,631 equity shares by the existing shareholders, SBI and Amundi India Holding.
You can apply for the SBI Funds Management IPO through your stockbroker’s trading platform or a supported banking application using the ASBA facility. Applications can be submitted during the IPO bidding period once the issue opens.
Whether the SBI Funds Management IPO is good or bad will depend on factors such as valuation, price band, subscription demand, and overall market conditions. Investors should evaluate the final offer documents and financial performance, once released, before making an investment decision.
Based on the latest Grey Market Premium (GMP) of ₹93 (as of 15 July 2026), the estimated listing price is around ₹667 per share, indicating a potential listing gain of approximately 16.20% over the upper price band of ₹574. However, GMP is unofficial and may not accurately reflect the actual listing performance.
The opening date of the SBI Funds Management IPO is 14 July 2026, and it will close on 16 July 2026.
The minimum lot size for the SBI Funds Management IPO is 26 equity shares. At the upper price band of ₹574 per share, the minimum investment required for retail investors is ₹14,924. Retail investors can apply for up to 13 lots (338 shares), amounting to ₹1,94,012.
The tentative allotment date for the SBI Funds Management IPO is 17 July 2026. Investors can check their allotment status through the registrar, KFin Technologies Ltd, once the basis of allotment is finalised.
The SBI Funds Management IPO is tentatively scheduled to list on 21 July 2026 on both the BSE and NSE, subject to the successful completion of the IPO process.
