SBI Funds Management IPO
SBI Funds Management IPO — date, price band, lot size & details 2026
SBI Funds Management listed on 21 Jul 2026 at ₹613.3, 6.8% above the ₹574 issue price.
SBI Funds Management IPO opens from 14 July to 16 July 2026 with a price band of ₹545–574 per share. The ₹9,795 Cr issue is a pure offer for sale by promoters State Bank of India and Amundi. SBI Funds Management is India's largest asset management company by quarterly average mutual fund AUM.
Stock price
SBI Funds Management is listed — here is the live share price.
Timetable
Key dates from opening to listing. Today is 2 October.
- Open 14 Jul 2026
- Close 16 Jul 2026
- Allotment 17 Jul 2026
- Refund/credit 20 Jul 2026
- Listing 21 Jul 2026
Issue summary
The terms of the offer, as filed.
| IPO Dates | 14 to 16 Jul, 2026 |
|---|---|
| Price Band | ₹545 – ₹574 |
| Face Value | ₹1 |
| Lot Size | 26 Shares |
| Issue Size | ₹9795.31 Cr |
| Sale Type | 100% Offer for Sale (OFS) |
| Listing On | BSE, NSE |
| Employee Discount | ₹54 per share |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 14,924 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 26 shares at the ₹574 cut-off. Drag to size your application.
| 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 | 1,742 | ₹9,99,908 |
| B-HNI (min) | 68 | 1,768 | ₹10,14,832 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01India's largest asset management company by assets under management.
- 02Strong backing from SBI and Amundi enhances credibility and distribution reach.
- 03Diversified product portfolio across mutual funds, ETFs and PMS services.
- 04Large investor base provides stable and recurring fee income.
- 05Asset-light business model generates strong profitability and return ratios.
Risks · 5
- 01Revenue is closely linked to market performance and investor sentiment.
- 02Fee compression in the mutual fund industry may impact margins.
- 03Intense competition from other AMCs can affect market share growth.
- 04Regulatory changes in the mutual fund sector may impact operations and earnings.
- 05The issue is a pure Offer for Sale, with no fresh capital flowing into the company.
Three years of numbers
All figures in ₹ crore, as reported in the SBI Funds Management offer document.
| Metric | 31 Mar 26 | 31 Mar 25 | 31 Mar 24 |
|---|---|---|---|
| Revenue | 4,976.11 | 4,236.15 | 3,426.08 |
| EBITDA | 4,058.44 | ||
| Net Profit | 3,067.38 | 2,540.15 | 2,072.79 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the SBI Funds Management RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
SBI Funds Management IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Pre-Issue | Post-Issue |
|---|---|---|
| EPS (₹) | ₹15.06 | ₹15.06 |
| P/E Ratio (x) | 38.12 | 38.12 |
| Market Cap at Offer Price (₹ Cr) | ₹116,910.76 | ₹124,195.56 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹574 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
How the company intends to use the proceeds of the issue.
SBI Funds Management IPO Anchor Investors
129 anchor investors across 69 fund houses committed ₹2,663.02 Cr a day before the issue opened.
Anchor investors bid a day before the issue opens and are locked in after allotment, so a book weighted towards domestic mutual funds is generally read as a stronger signal than one filled by short-horizon funds. Browse every anchor investor scheme or fund house we track.
About the company
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.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
+91 22 6179 3000
The bankers & the filings
Who is running the book, and the documents this page is built from.
SBI Funds Management IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
JM Financial Ltd.
32 issues handledBest listing: Tempsens Instruments (India) (+111.3%). Weakest: Turtlemint Fintech Solutions (-10.4%).
SBI Capital Markets Ltd.
14 issues handledBest listing: Indo-MIM (+44.3%). Weakest: Central Mine Planning & Design Institute (-7.0%).
Axis Capital
28 issues handledBest listing: Moneyview (+61.8%). Weakest: Clean Max Enviro Energy Solutions (-8.8%).
ICICI Securities
23 issues handledBest listing: Tempsens Instruments (India) (+111.3%). Weakest: Turtlemint Fintech Solutions (-10.4%).
Motilal Oswal Investment Advisors
21 issues handledBest listing: Kusumgar (+37.0%). Weakest: Turtlemint Fintech Solutions (-10.4%).
Kotak Mahindra Capital Company Limited
20 issues handledBest listing: Moneyview (+61.8%). Weakest: Amagi Media Labs (-12.2%).
Jefferies India Private Limited
8 issues handledBest listing: Dhoot Transmission (+37.8%). Weakest: Turtlemint Fintech Solutions (-10.4%).
Bofa Securities India Limited
4 issues handledBest listing: Moneyview (+61.8%). Weakest: ICICI Prudential AMC (+20.1%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of SBI Funds Management?
The current Grey Market Premium is ₹95.5, or 16.6% over the issue price.
What is the SBI Funds Management IPO price band?
₹545 to ₹574, on a face value of ₹1.
When is the allotment?
The basis of allotment is 17 July 2026, with listing on 21 July 2026.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — KFin Technologies Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.