IPO Listed — 21 Jul 2026
Listing Price: ₹613.3
SBI Funds Management IPO GMP History | Listing Price ₹613.3 & Kostak Rate
SBI Funds Management IPO has been listed on July 21, 2026 at a listing price of ₹613.3, against the issue price of ₹574 — a gain of ₹39.3 (+6.85%). The GMP peaked at ₹140 on 6 July 2026 and reached a low of ₹77 on 8 July 2026. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
SBI Funds Management IPO raised ₹9795.31 Cr. through its IPO at a price band of ₹545 to ₹574 per share, with a lot size of 26 shares. The IPO was open for subscription from 14 Jul 2026 to 16 Jul 2026.
GMP Trend Chart
Day-wise GMP Trend
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 21 Jul 2026 | ₹ 95.5 | 16.6% | ₹ 0 | ₹ 0 | |
| 20 Jul 2026 | ₹ 95.5 | 16.6% | ₹ 0 | ₹ 0 | |
| 19 Jul 2026 | ₹ 107 | 18.6% | ₹ 0 | ₹ 0 | |
| 18 Jul 2026 | ₹ 92.5 | 16.1% | ₹ 0 | ₹ 0 | |
| 17 Jul 2026 | ₹ 92 | 16.0% | ₹ 0 | ₹ 0 | |
| 16 Jul 2026 | ₹ 97 | 16.9% | ₹ 0 | ₹ 0 | |
| 15 Jul 2026 | ₹ 92 | 16.0% | ₹ 0 | ₹ 0 | |
| 14 Jul 2026 | ₹ 88 | 15.3% | ₹ 0 | ₹ 0 | |
| 13 Jul 2026 | ₹ 100 | 17.4% | ₹ 0 | ₹ 0 | |
| 12 Jul 2026 | ₹ 89 | 15.5% | ₹ 0 | ₹ 0 | |
| 11 Jul 2026 | ₹ 88 | 15.3% | ₹ 0 | ₹ 0 | |
| 10 Jul 2026 | ₹ 110 | 19.2% | ₹ 0 | ₹ 0 | |
| 09 Jul 2026 | ₹ 84 | 14.6% | ₹ 0 | ₹ 0 | |
| 08 Jul 2026 | ₹ 77 | 13.4% | ₹ 0 | ₹ 0 | |
| 07 Jul 2026 | ₹ 139 | 24.2% | ₹ 0 | ₹ 0 | |
| 06 Jul 2026 | ₹ 140 | 24.3% | ₹ 0 | ₹ 0 | |
| 05 Jul 2026 | ₹ 125 | -- | ₹ 0 | ₹ 0 | |
| 04 Jul 2026 | ₹ 116 | -- | ₹ 0 | ₹ 0 | |
| 03 Jul 2026 | ₹ 110 | -- | ₹ 0 | ₹ 0 | |
| 02 Jul 2026 | ₹ 101 | -- | ₹ 0 | ₹ 0 |
SBI Funds Management IPO Dates
| Event | Date |
|---|---|
| Open Date | 14 Jul, 2026 |
| Close Date | 16 Jul, 2026 |
| Allotment Date | 17 Jul, 2026 |
| Refund Date | 20 Jul, 2026 |
| Credit to Demat | 20 Jul, 2026 |
| Listing Date | 21 Jul, 2026 |
SBI Funds Management IPO Actual Listing Price
| Basis | Value |
|---|---|
| Issue Price | ₹574 |
| GMP-Based Estimate (Pre-Listing) | ₹669 (+16.6%) |
| Actual Listing Price | ₹613.3 (+6.85%) |
| Listing Gain / Loss | +₹39.3 per share |
| Listing Date | 21 Jul, 2026 |
Is SBI Funds Management IPO GMP Reliable?
Grey market premium for SBI Funds Management IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- Cross-check before acting: Review the SBI Funds Management IPO full review for a fundamentals-based assessment before making any grey market trades.
SBI Funds Management IPO IPO Kostak Rate Explained
The Kostak rate for SBI Funds Management IPO was not active during the subscription period, as no grey market premium was established. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not active for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About SBI Funds Management IPO
Beyond mutual funds, the company manages portfolio management services, alternative investment funds and offshore mandates, taking its total quarterly average assets under management to about ₹29.46 lakh crore. Its scale, the SBI brand and distribution network, and a high-margin asset-light model make it one of the most profitable AMCs in the country, with a PAT of ₹3,067 crore on total income of ₹4,976 crore in FY26.
Strengths & Risks
Strengths
- ✓ India's largest asset management company by assets under management.
- ✓ Strong backing from SBI and Amundi enhances credibility and distribution reach.
- ✓ Diversified product portfolio across mutual funds, ETFs and PMS services.
- ✓ Large investor base provides stable and recurring fee income.
- ✓ Asset-light business model generates strong profitability and return ratios.
Risks
- ⚠ Revenue is closely linked to market performance and investor sentiment.
- ⚠ Fee compression in the mutual fund industry may impact margins.
- ⚠ Intense competition from other AMCs can affect market share growth.
- ⚠ Regulatory changes in the mutual fund sector may impact operations and earnings.
- ⚠ The issue is a pure Offer for Sale, with no fresh capital flowing into the company.
Frequently Asked Questions about SBI Funds Management IPO
What is the GMP of SBI Funds Management IPO?
The current Grey Market Premium (GMP) of SBI Funds Management IPO is ₹ 95.5.
What is the Kostak Price of SBI Funds Management IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for SBI Funds Management IPO is currently not available.
What is the Subject to Sauda Price of SBI Funds Management IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is currently not available.
What was the actual listing price of SBI Funds Management IPO?
SBI Funds Management IPO listed on July 21, 2026 at ₹613.3, against the issue price of ₹574 — a gain of +6.85%.
How did the GMP of SBI Funds Management IPO trend before listing?
The GMP of SBI Funds Management IPO was stable in its final days before listing. The GMP peaked at ₹140 on 6 July 2026. View the day-wise table above for the complete GMP history.
Explore SBI Funds Management IPO Further
For a complete picture before making your investment decision, explore these resources:
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