SBI Funds Management IPO GMP History
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.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 8 Sep, 1:37 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 21 Jul 2026 | ₹ 95.5 | — | 16.6% | — | — |
| 20 Jul 2026 | ₹ 95.5 | ▼ | 16.6% | — | — |
| 19 Jul 2026 | ₹ 107 | ▲ | 18.6% | — | — |
| 18 Jul 2026 | ₹ 92.5 | ▲ | 16.1% | — | — |
| 17 Jul 2026 | ₹ 92 | ▼ | 16.0% | — | — |
| 16 Jul 2026 | ₹ 97 | ▲ | 16.9% | — | — |
| 15 Jul 2026 | ₹ 92 | ▲ | 16.0% | — | — |
| 14 Jul 2026 | ₹ 88 | ▼ | 15.3% | — | — |
| 13 Jul 2026 | ₹ 100 | ▲ | 17.4% | — | — |
| 12 Jul 2026 | ₹ 89 | ▲ | 15.5% | — | — |
| 11 Jul 2026 | ₹ 88 | ▼ | 15.3% | — | — |
| 10 Jul 2026 | ₹ 110 | ▲ | 19.2% | — | — |
| 09 Jul 2026 | ₹ 84 | ▲ | 14.6% | — | — |
| 08 Jul 2026 | ₹ 77 | ▼ | 13.4% | — | — |
| 07 Jul 2026 | ₹ 139 | ▼ | 24.2% | — | — |
| 06 Jul 2026 | ₹ 140 | ▲ | 24.3% | — | — |
| 05 Jul 2026 | ₹ 125 | ▲ | -- | — | — |
| 04 Jul 2026 | ₹ 116 | ▲ | -- | — | — |
| 03 Jul 2026 | ₹ 110 | ▲ | -- | — | — |
| 02 Jul 2026 | ₹ 101 | — | -- | — | — |
SBI Funds Management IPO dates
Key dates from opening to listing. Today is 3 October.
- Open 14 Jul 2026
- Close 16 Jul 2026
- Allotment 17 Jul 2026
- Refund/credit 20 Jul 2026
- Listing 21 Jul 2026
SBI Funds Management IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹574 |
|---|---|
| GMP-based estimate (pre-listing) | ₹669 (+16.6%) |
| Listing gain / loss | +₹39.3 per share |
| Listing date | 21 Jul, 2026 |
| Actual listing price | ₹613.3 (+6.85%) |
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:
- 01Subscription 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?
- 02Timing 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.
- 03Grey 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.
- 04Cross-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 Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for SBI Funds Management IPO was not available during the subscription period. 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 available 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
SBI Funds Management Limited was incorporated in 1992 and is the asset manager of SBI Mutual Fund, India's largest mutual fund house. The company is promoted by State Bank of India and Amundi, Europe's largest asset manager, through a long-standing joint venture. It is the largest asset management company in India with a quarterly average mutual fund AUM of about ₹12.51 lakh crore as of 31 March 2026, a mutual fund market share of around 15.3%, and a leading 27.9% share in passive (ETF and index) funds.
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.
Frequently asked
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 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 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
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
