SBI Funds Management IPO
SBI Funds Management IPO
Overview
SBI Funds Management IPO is a book build issue of ₹11,692.91 crores. The issue is entirely an offer for sale of 20.37 crore shares of ₹11,692.91 crore. SBI Funds Management IPO opens for subscription on Jul 14, 2026 and closes on Jul 16, 2026. The allotment for the SBI Funds Management IPO is expected to be finalized on Jul 17, 2026. SBI Funds Management IPO will list on NSE and BSE with a tentative listing date fixed as Jul 21, 2026. SBI Funds Management IPO is set issue price band at ₹545 to ₹574 per share. The lot size for an application is 26 shares. The minimum amount of investment required by an individual investor (retail) is ₹14,924 (26 shares) (based on upper price). The lot size investment for sNII is 14 lots (364 shares), amounting to ₹2,08,936, and for bNII, it is 68 lots (1,768 shares), amounting to ₹10,14,832. Kotak Mahindra Capital Co.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Total Shares
20,37,09,239
Issue Size
₹11,693 Cr
Price Band
₹545 – ₹574
Lot Size
26 shares
Min. Investment
₹14,924
Max. Investment
₹1,94,012
Open Date
14 Jul, 2026
Close Date
16 Jul, 2026
Allotment
17 Jul, 2026
Listing
21 Jul, 2026
Max. Investment
₹1,94,012
Announced
14 Jul, 2026
Opening Date
14 Jul, 2026
Closing Date
16 Jul, 2026
Basis of Allotment
17 Jul, 2026
Initiation of Refunds
20 Jul, 2026
Credit of Shares
20 Jul, 2026
Listing Date
21 Jul, 2026
Live GMP
Est. Listing: ₹670
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About SBI Funds Management IPO
SBI Funds Management Ltd was established in 1992 and is the largest asset management company (AMC) in India based on assets under management (AUM). The company manages the well-known SBI Mutual Fund. It is a joint venture between State Bank of India and Amundi. The company offers a wide range of investment products such as equity funds, debt funds, hybrid funds, ETFs, and portfolio management services (PMS). As of 2025, the company manages around ₹16.32 lakh cr
SBI Funds Management IPO Share Price
Issue Breakdown
Shareholding
Dilution: 0.0% increase in shares
SBI Funds Management IPO Financial Health
SBI Funds Management IPO Lot Size
Investors can bid for a minimum of 26 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 26 | ₹14,924 |
| Retail (Max) | 13 | 338 | ₹1,94,012 |
| S-HNI (Min) | 14 | 364 | ₹2,08,936 |
| S-HNI (Max) | 67 | 1742 | ₹9,99,908 |
| B-HNI (Min) | 68 | 1768 | ₹10,14,832 |
(All values in CR)
SBI Funds Management IPO Valuations
| Metric | Value |
|---|---|
| ROE | 31.25 |
| RoNW | 31.25 |
| EBITDA Margin | 98.03 |
| Price to Book Value | 19.60 |
(All values in CR)
SBI Funds Management IPO Strength & Risk
SBI Funds Management IPO Strengths
- Largest asset management company in India with a strong market presence and significant assets under management.
- Backed by State Bank of India and Amundi, providing strong brand credibility and an extensive distribution network.
- Asset-light business model with high operating margins and consistent fee-based income.
- Well positioned to benefit from rising mutual fund penetration, increasing SIP inflows, and the financialization of household savings.
- Strong investor interest from domestic institutions and global funds reflects confidence in the company's long-term growth prospects.
SBI Funds Management IPO Risks
- The IPO is entirely an Offer for Sale (OFS), so the company will not receive fresh capital from the issue.
- Revenue and profitability are closely linked to market performance, making earnings sensitive to equity market volatility.
- Regulatory changes affecting expense ratios, commissions, or mutual fund rules could impact future profitability.
- Increasing competition from established asset managers and passive investment products may put pressure on market share and fees.
- A premium valuation could limit listing gains and reduce the margin of safety for investors.
SBI Funds Management IPO Subscriptions Status
SBI Funds Management IPO subscribed 41.73 times. The public issue subscribed 3.76 times in the retail category, 140.11 times in QIB (Ex Anchor), and 22.51 times in the NII category by July 16, 2026 6:34:43 PM (Day 3).
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Rs Cr.) |
|---|---|---|---|---|
| Anchor | 1.00 | 4,63,93,095 | 4,63,93,095 | 2 |
| QIB (Ex Anchor) | 140.11 | 3,09,28,731 | 4,33,32,71,956 | 2 |
| NII | 22.51 | 2,31,96,549 | 52,21,84,416 | 29 |
| bNII (> ₹10L) | 26.01 | 1,54,64,366 | 40,22,20,000 | 23 |
| sNII (< ₹10L) | 15.51 | 77,32,183 | 11,99,64,416 | 6 |
| Retail | 3.76 | 5,41,25,280 | 20,37,35,038 | 11 |
| Employees | 4.65 | 32,57,347 | 1,51,49,992 | 869.61 |
| Shareholders | 9.52 | 1,30,55,629 | 12,42,63,542 | 7 |
| Total | 41.73 | 12,45,63,536 | 5,19,86,04,944 | 2 |
SBI Funds Management IPO GMP
SBI Funds Management IPO last GMP is ₹96, last updated Jul 16th 2026 05:56 PM. With the upper price band of ₹574.00, SBI Funds Management IPO's estimated listing price is ₹670 (cap price + today's GMP). The expected percentage gain/loss per share is 16.72%. >> SBI Funds Management IPO Retail Subject to Sauda: ₹1900 >> SBI Funds Management IPO Small HNI Subject to Sauda: ₹26600 During this period, the GMP ranged from a low of ₹75.00 to a high of ₹140.00.
Last updated 16 Jul, 2026 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 16 Jul, 2026 | 574 | ₹96▲ | - | ₹670 (16.72%) | 2496 | 16 Jul, 2026 |
| 15 Jul, 2026 | 574 | ₹92▲ | - | ₹666 (16.03%) | 2392 | 15 Jul, 2026 |
| 14 Jul, 2026 | 574 | ₹88▼ | - | ₹662 (15.33%) | 2288 | 14 Jul, 2026 |
| 13 Jul, 2026 | 574 | ₹100▲ | - | ₹674 (17.42%) | 2600 | 13 Jul, 2026 |
| 12 Jul, 2026 | 574 | ₹89▲ | - | ₹663 (15.51%) | 2314 | 12 Jul, 2026 |
| 11 Jul, 2026 | 574 | ₹88▼ | - | ₹662 (15.33%) | 2288 | 11 Jul, 2026 |
| 10 Jul, 2026 | 574 | ₹110▲ | - | ₹684 (19.16%) | 2860 | 10 Jul, 2026 |
| 09 Jul, 2026 | 574 | ₹84▼ | - | ₹658 (14.63%) | 2184 | 09 Jul, 2026 |
| 08 Jul, 2026 | 0 | ₹139 | - | ₹139 (0.00%) | - | 08 Jul, 2026 |
| 07 Jul, 2026 | 0 | ₹139▼ | - | ₹139 (0.00%) | - | 07 Jul, 2026 |
| 06 Jul, 2026 | 0 | ₹140 | - | ₹140 (0.00%) | - | 06 Jul, 2026 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for SBI Funds Management IPO
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Find SBI Funds Management IPO under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).
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Application Confirmed
Your funds will be blocked in your account until the IPO allotment process is completed.