SBI Funds Management IPO — Date, Price Band, GMP & Allotment 2026
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.
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IPO Summary
What is the SBI Funds Management IPO Timetable?
Track the IPO schedule and key events.
| Event | Date | Day |
|---|---|---|
| IPO Open Date | 14 Jul, 2026 | Tuesday |
| IPO Close Date | 16 Jul, 2026 | Thursday |
| Basis of Allotment | 17 Jul, 2026 | Friday |
| Refunds Initiated | 20 Jul, 2026 | Monday |
| Credit to Demat | 20 Jul, 2026 | Monday |
| Listing Date | 21 Jul, 2026 | Tuesday |
What is the SBI Funds Management IPO Lot Size?
Bidding in multiples of 26 shares.
| 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 | 1742 | ₹9,99,908 |
| B-HNI (Min) | 68 | 1768 | ₹10,14,832 |
About SBI Funds Management
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.
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SBI Funds Management Key Performance Indicators (KPIs)
Objects of the Issue
| Issue Object | Estimate Amount |
|---|---|
| The entire issue is an Offer for Sale — the company will not receive any proceeds. Net proceeds go to the selling shareholders, State Bank of India and Amundi India Holding | |
| Achieve the benefits of listing the equity shares on BSE and NSE |
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.
Company Financials
The SBI Funds Management company's financial performance (in ₹ Cr.) is summarized below:
| 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.
IPO Reservation
| Investor Category | Reservation |
|---|---|
| QIB (incl. Anchor) | Not more than 50% of net offer |
| NII (HNI) | Not less than 15% of net offer |
| Retail | Not less than 35% of net offer |
| SBI Shareholders | 1,30,55,629 shares reserved |
| Eligible Employees | Reserved (₹54/share discount) |
Promoters and Shareholding Details
State Bank of India, Amundi India Holding and Amundi Asset Management are the promoters of the company.
| Particular | % Share |
|---|---|
| Promoter Holding Pre Issue | 98.02% |
| Promoter Holding Post Issue | ~88% |
Frequently Asked Questions
What is the GMP of SBI Funds Management?
The current Grey Market Premium (GMP) of SBI Funds Management is ₹ 88.
What is the SBI Funds Management IPO Price Band?
The price band for SBI Funds Management IPO is ₹545 to ₹574.
When is the SBI Funds Management IPO Allotment?
The allotment date for SBI Funds Management IPO is July 17, 2026.
How to check SBI Funds Management IPO Allotment Status?
You can check the allotment status on the IPO Allotment Status page or on the registrar's website (KFin Technologies Limited).
Official Documents
Company Contact Details
SBI Funds Management
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