Summary
SBI Mutual Fund IPO is a mainboard Offer-for-Sale issue by SBI and Amundi India Holding.
SBI Funds Management, the fund manager of SBI Mutual Fund, is the largest asset management company in India with leadership across multiple investment segments.
Other key IPO details, including price band, dates, lot size, and GMP, are yet to be announced.
SBI Mutual Fund IPO is a proposed mainboard public issue comprising an Offer-for-Sale (OFS) of 20,37,09,239 equity shares with a face value of ₹1.00/share. Under the OFS, up to 12,83,34,397 equity shares will be sold by SBI, while up to 7,53,74,842 equity shares will be offloaded by Amundi India Holding.
SBI Funds Management Limited submitted its DRHP to SEBI on 19 March 2026. Upon completion of the IPO process, the company’s shares are planned to trade on both the BSE and NSE.
Other key details regarding the IPO opening date, closing date, price band, allotment schedule, and listing date have not been announced. These details will be updated once the company releases the official information.
SBI Mutual Fund IPO–Key Details
Key information about the SBI Mutual Fund IPO is presented in the table below:
| IPO Open | – |
| IPO Close | – |
| Face value | ₹1.00/share |
| Price Band | – |
| Issue price | – |
| IPO Lot Size | – |
| Offer-for-sale | 20,37,09,239 equity shares |
| Fresh issue | – |
| Issue Type | Book-built/Mainboard |
| Listing | BSE, NSE |
| Total Issue Size (₹ Crore) | – |
| Minimum Investment (Retail) | – |
SBI Mutual Fund IPO–Timeline
The timeline for the SBI Mutual Fund IPO has not been announced.
SBI Mutual Fund Limited–Key Performance Indicators (KPIs)
Below is a summary of key financial metrics and ratios of SBI Mutual Fund Limited, which reflect its overall financial condition:
| KPIs | 2025 | 2024 | 2023 |
| ROE (%) | 33.77 | 36.05 | 32.13 |
| ROCE (%) | – | – | – |
| Debt-Equity Ratio (in times) | – | – | – |
| RoNW (%) | 33.77 | 36.05 | 32.13 |
| PAT Margin (%) | – | – | – |
| EBITDA Margin (%) | – | – | – |
| Price-Book Value | – | – | – |
SBI Mutual Fund Limited–Financial Information
| 2025 | 2024 | 2023 | |
| Revenue | 3,597.76 | 2,690.56 | 2,161.59 |
| Assets | 8,771.86 | 7,106.93 | 4,984.24 |
| Profit After Tax | 2,540.15 | 2,072.79 | 1,339.71 |
SBI Mutual Fund IPO–Subscription Status
Subscription data not available yet!
The subscription data will be updated once the IPO opens.
You can apply for the IPO on the specified issue dates from 10:00 AM to 5:00 PM.
SBI Mutual Fund IPO–Grey Premium Market (GMP)
There is currently no active Grey Market Premium (GMP) for the SBI Mutual Fund IPO.
SBI Mutual Fund IPO–Reservation
Details of the category-wise quota and share allocation are listed in the table below:
| Investor Classification | % Allocation |
| QIBs | Maximum 50.00% |
| NIIs | Minimum 15.00% |
| Individual Investor | Minimum 35.00% |
| Total | 100% |
SBI Mutual Fund IPO–Lot Size
The company has not disclosed the lot size for the SBI Mutual Fund IPO at this stage.
SBI Mutual Fund IPO–Anchor Investors Details
Anchor investor participation details for the SBI Mutual Fund IPO have not been published so far and are awaited from the company.
SBI Mutual Fund 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 Mutual Fund Limited
Incorporated on: 7 February 1992
Managing Director & CEO: Nand Kishore
SBI Funds Management Limited is the asset management company of SBI Mutual Fund and holds the leading position among Indian AMCs by QAAUM, as per the CRISIL Report.
As of 31 December 2025, it managed mutual fund assets worth ₹12,499.70 billion and held a 15.4% market share. The company is also the country’s largest manager of passive funds, including ETFs and index funds, with passive assets of ₹3,999.53 billion and a market share of 29.6%.
In addition to mutual funds, it offers portfolio management and advisory services, taking its total QAAUM to ₹29,040.26 billion as of 31 December 2025.
| 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 Mutual Fund
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 Mutual Fund 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 Mutual Fund Limited–Risks
- Dependence on Asset Growth: The company’s revenue and profitability depend on its assets under management, making it vulnerable to market declines and investor redemptions.
- Exposure to Capital Market Performance: Any prolonged weakness or volatility in Indian capital markets could reduce assets under management and impact earnings.
- Risk of Underperforming Schemes: If its investment schemes fail to match benchmarks or competitors, the company may face redemptions and reputational challenges.
- Concentration in Key Fund Schemes: A significant share of assets and revenue comes from a limited number of schemes, increasing concentration risk.
SBI Mutual Fund IPO–Review
SBI Mutual Fund 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. With key details such as pricing, subscription demand, and GMP still unavailable, investors may prefer to wait for the final offer terms before forming a view.
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SBI Mutual Fund IPO FAQs
The SBI Mutual Fund IPO is a proposed mainboard public issue comprising an Offer-for-Sale (OFS) of 20,37,09,239 equity shares by the existing shareholders, SBI and Amundi India Holding.
You can apply for the SBI Mutual Fund 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 Mutual Fund 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.
It is currently not possible to estimate potential returns from the SBI Mutual Fund IPO because the price band, issue price, and Grey Market Premium (GMP) have not been announced. The returns will depend on the final valuation and market sentiment.
The opening date of the SBI Mutual Fund IPO has not been announced yet. The company is expected to disclose the IPO schedule, including opening and closing dates, in its final offer documents.
The lot size for the SBI Mutual Fund IPO has not been disclosed so far. The details regarding the minimum application size and investment amount will be updated once officially announced.
The allotment date for the SBI Mutual Fund IPO has not been announced. The allotment schedule will be available after the company releases the final IPO timetable.
The listing date of the SBI Mutual Fund IPO is yet to be announced. The shares are proposed to be listed on the NSE and BSE, with the final listing schedule to be disclosed later.
