SBI Funds Management Limited has announced the price band for its much-awaited initial public offering (IPO) at ₹545 to ₹574 per equity share. The public issue, which is expected to raise around ₹11,692.91 crore, will open for subscription on July 14, 2026. The company will begin the anchor investor bidding process a day earlier on July 13, while investors can subscribe to the issue until July 16.
Following the closure of the issue, the basis of allotment is expected to be finalised on July 17. Shares allotted to investors are likely to be credited on July 20, with the company’s equity shares tentatively scheduled to make their market debut on the National Stock Exchange (NSE) and BSE on July 21, 2026.
SBI Mutual Fund IPO – Issue Details
- Issue Type: Book Built Issue (OFS Only)
- Total Issue Size: Up to 20.37 crore equity shares
- Fresh Issue: Not Applicable
- Offer for Sale (OFS): Up to 20.37 crore equity shares
- Face Value: ₹1 per equity share
- Price Band: ₹545 to ₹574
- Lot Size: 26 shares
- 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.
Explore other Upcoming IPOs on BSE and NSE.
SBI Mutual Fund IPO GMP Today
According to media reports, the SBI Funds Management IPO is commanding a Grey Market Premium (GMP) of around ₹75 per share, representing a premium of nearly 13.07% over the upper end of the issue price band of ₹574.
SBI Mutual Fund IPO Category-wise Investment Limits
The application size for each category is as follows:
|
Category |
Investment Range |
|
Qualified Institutional Buyers (QIBs) |
Not more than 50% of the Net Issue |
|
Non-Institutional Investors (NIIs) |
Not less than 15% of the Net Issue |
|
Retail Individual Investors (RII) |
Not less than 35% of the Net Issue |
The minimum investment amount for each category, based on the upper price band of ₹574 per share, is as follows:
|
Investor Category |
Lots |
Shares |
Investment Amount (Approx.) |
|
Retail (Minimum) |
1 |
26 |
₹14,924 |
|
Retail (Maximum) |
13 |
338 |
₹1,94,012 |
|
sNII (Minimum) |
14 |
364 |
₹2,08,936 |
|
bNII (Minimum) |
68 |
1,768 |
₹10,14,832 |
SBI Funds Management IPO to See Stake Sale by SBI and Amundi
The proposed IPO is entirely an Offer for Sale (OFS) of up to 20.37 crore equity shares by the existing shareholders of SBI Funds Management.
Under the offer,
- State Bank of India (SBI) will divest up to 12.83 crore equity shares and
- Amundi India Holding will sell up to 7.53 crore equity shares.
As the issue does not include a fresh issue of shares, SBI Funds Management will not receive any funds from the IPO. The proceeds from the offering will instead go to the existing shareholders selling their stake through the OFS route.
About SBI Funds Management Limited
Established in 1987, SBI Funds Management Limited is the investment manager of SBI Mutual Fund and one of India’s largest asset management companies. The company holds the top position in India based on quarterly average assets under management (QAAUM), with QAAUM of ₹12,49,970 crore.
SBI Funds Management operates as a joint venture between State Bank of India (SBI) and Amundi Asset Management. The company offers a wide range of investment solutions, including equity mutual funds, debt funds, hybrid funds, exchange-traded funds (ETFs), and passive investment products, catering to retail investors, high-net-worth individuals (HNIs), and institutional clients.
As of December 31, 2025, SBI Funds Management accounted for 15.4% of the mutual fund industry’s total assets under management (AUM), strengthening its position as one of India’s leading asset management companies.
Key Financial Highlights
|
Particulars |
FY25 (in ₹ crore) |
FY24 (in ₹ crore) |
FY23 (in ₹ crore) |
|
Revenue from operations |
₹3,597.76 Cr. |
₹2,690.56 Cr. |
₹2,161.59 Cr. |
|
EBITDA |
₹3,412.94 Cr. |
₹2,718.82 Cr. |
₹1,810.41 Cr. |
|
Profit After Tax |
₹2,540.15 Cr. |
₹2,072.79 Cr. |
₹1,339.71 Cr. |
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