SBI Funds Management
21 Jul '26MAINBOARD
Min. Investment
₹14,170
Issue size
₹9812.91 Cr
GMP
Locked
Overall subscription: 2.77x
Expert verdict
IPO dates
14 Jul
Opening
16 Jul
Closing
17 Jul
Allotment
21 Jul
Listing
*Refunds will be initiated on 20 Jul '26
IPO quota
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 26 | ₹14,924 |
| HNI (Min) | 14 | 364 | ₹2,08,936 |
Subscription (as on 15 July 2026, 06:30 PM)
Overall2.77x
Qualified institutional buyers
Non-Institutional Buyers
Retail Investors
Employee
About company
Founded: 1992|MD: Nand Kishore
- Incorporated in 1992, SBI Funds Management Limited is one of India’s leading asset management companies based on quarterly average assets under management (QAAUM) and acts as the investment manager for SBI Mutual Fund. The company operates as a joint venture between State Bank of India and Amundi.
- SBI Mutual Fund offers investment solutions across mutual funds, portfolio management services (PMS), alternative investment funds (AIFs), specialised investment funds (SIFs), and advisory services. Its mutual fund portfolio includes 126 schemes across categories such as equity and equity-oriented funds, debt and debt-hybrid funds, hybrid funds, exchange-traded funds (ETFs), index funds, arbitrage funds, liquid funds, overnight funds, and overseas fund-of-funds.
- As of December 31, 2025, SBI Funds Management managed mutual fund quarterly average assets under management (QAAUM) of ₹29.04 lakh crore across these categories. The company served over 16.05 million investors during the same period. As of 2025, the company managed assets of approximately ₹16.32 lakh crore, representing around 15.5% of India’s total mutual fund industry AUM. At the upper end of the IPO price band, SBI Funds Management has an implied market capitalisation of approximately ₹1.17 lakh crore.
- SBIFM operates through a pan-India distribution network comprising banks, mutual fund distributors, and independent financial advisors (IFAs). It also provides digital investment access through platforms such as the InvesTap mobile application and SBI’s YONO platform.
- The company is promoted by State Bank of India, Amundi India Holding, and Amundi Asset Management. The IPO is an offer for sale (OFS), where existing shareholders will sell shares, and the company will not receive any proceeds from the issue.
Issue Details & Objective
Lot size
26 Shares
Price band
₹545 to 574
Face value
₹1 per share
Financials
IPO reservation
Anchor investor - 27.14%
QIB - 18.09%
HNI - 13.57%
Retail - 31.66%
Employee - 1.91%
Download DRHP (IPO Doc)FAQs
Should I apply for the SBI Funds Management IPO?
Our SEBI-registered investment advisors give out verdicts for each IPO. You can refer to their expert verdict at the top of this page. Please note that these verdicts are for informational purposes only and should not be construed as investment advice. Markets are subject to risk, and investors should exercise their own discretion and diligence.
What is the issue size of SBI Funds Management IPO?
The issue size of SBI Funds Management IPO is ₹9812.91 Cr
What are the open and close dates for SBI Funds Management IPO?
The SBI Funds Management IPO will be open for applications from 14 Jul '26 to 16 Jul '26
What is the lot size and minimum order quantity of SBI Funds Management IPO?
The lot size of SBI Funds Management IPO is 26 Shares and its minimum investment amount is ₹14,170.
What is the GMP value of SBI Funds Management IPO?
Grey market premium (GMP) is a premium amount at which grey market IPO shares are traded before they get listed in the stock exchange. The GMP for SBI Funds Management IPO is null
