The SBI Funds Management IPO entered its second day of subscription on July 15, 2026, after witnessing steady investor participation on the opening day.
As of 7:00 P.M. on Day 2, the IPO was subscribed 2.77 times, with investors closely tracking subscription trends across the retail, non-institutional investor (NII), and qualified institutional buyer (QIB) categories ahead of the issue’s closure on July 16, 2026.
The ₹9,812.91 crore public issue opened for subscription on July 14, 2026, and will remain open until July 16, 2026. The basis of allotment is expected to be finalised on July 17, 2026, while shares are likely to be credited to successful bidders’ demat accounts on July 20, 2026. The SBI Funds Management IPO is tentatively scheduled to list on the NSE and BSE on July 21, 2026.
SBI Funds Management IPO – Issue Details
- Issue Type: Book-Built Issue (OFS Only)
- Total Issue Size: Up to ₹9,812.91 crore
- Offer for Sale (OFS): Up to ₹9,812.91 crore
- Face Value: ₹1 per equity share
- Price Band: ₹545 to ₹574
- Lot Size: 26 shares per lot
- Minimum Investment Amount (Retail Investor): ₹14,924 per lot (based on upper price)
- Listing: NSE, BSE
- Book Running Lead Managers: Kotak Mahindra Capital Company Limited, Axis Capital Limited, BofA Securities India Limited, HSBC Securities and Capital Markets (India) Private Limited, ICICI Securities Limited, Jefferies India Private Limited, JM Financial Limited, Motilal Oswal Investment Advisors Limited and SBI Capital Markets Limited.
- Registrar: KFin Technologies Limited
SBI Mutual Fund IPO Timeline (Tentative)
The expected IPO schedule is as follows:
|
Event |
Date |
|
Anchor Investors Bidding Date |
13 July 2026 |
|
IPO Opening Date |
14 July 2026 |
|
IPO Closing Date |
16 July 2026 |
|
Basis of Allotment Finalisation |
17 July 2026 |
|
Refund Initiation Date |
20 July 2026 |
|
Credit of Shares to Demat Accounts |
20 July 2026 |
|
Listing on BSE and NSE |
21 July 2026 |
Note: The allotment and listing dates are tentative and may be revised.
SBI Funds Management IPO Day 3 Subscription Status
[July 16, 2026, 10:00 AM]
|
Category |
Subscription (x) |
|
Qualified Institutional Buyers (QIBs) |
1.50x |
|
Non-Institutional Investors (NIIs) |
6.62x |
|
Retail Individual Investors (RIIs) |
1.64x |
|
Employees |
2.29x |
|
Shareholders |
4.03x |
|
Total |
2.80x |
SBI Funds Management IPO Structure: Entirely Offer for Sale (OFS)
The SBI Funds Management IPO comprises a complete Offer for Sale (OFS) of up to 17.09 crore equity shares by the company’s existing shareholders.
Under the OFS, State Bank of India (SBI) will sell up to 9.95 crore equity shares, while Amundi India Holding will offload up to 7.14 crore equity shares.
The final OFS size has been adjusted following pre-IPO share sale transactions, through which SBI sold 2.88 crore equity shares and Amundi India Holding sold 39.19 lakh equity shares under share purchase agreements dated July 9, 2026.
About SBI Funds Management Limited
Incorporated in 1992, SBI Funds Management Limited (SBIFM) is the investment manager of SBI Mutual Fund and one of India’s leading asset management companies. The company operates as a joint venture between State Bank of India and Amundi Asset Management, offering investment solutions across mutual funds, portfolio management services (PMS), alternative investment funds (AIFs), specialised investment funds (SIFs), and advisory services across multiple asset classes.
As of December 31, 2025, SBI Funds Management reported quarterly average assets under management (QAAUM) of ₹29.04 lakh crore and served more than 16.05 million investors. The company accounted for around 15.5% of India’s mutual fund industry AUM in 2025 and distributes its products through a wide network of branches, intermediaries, and digital investment platforms.
Key Financial Highlights
|
Particulars |
FY25 (in ₹ crore) |
FY24 (in ₹ crore) |
FY23 (in ₹ crore) |
|
Revenue from operations |
3,597.76 |
2,690.56 |
2,161.59 |
|
EBITDA |
3,412.94 |
2,718.82 |
1,810.41 |
|
Profit After Tax |
2,540.15 |
2,072.79 |
1,339.71 |
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