· Mainboard · NSE, BSE
Price Band
₹545–574
Lot Size
26 shares
Issue Size
₹9,795 Cr
Min. Investment
₹14,924
Indicative, updates through the day
Cap price plus current GMP: ₹639 — arithmetic, not a forecast
SBI Funds Management IPO is a Mainboard issue that listed on NSE, BSE on 21 July 2026. The issue price band is fixed at ₹545–₹574 per equity share with a minimum market lot size of 26 shares, bringing the total issue size to ₹9,795 Cr. At the upper price band, the minimum retail application requires one lot amounting to ₹14,924.
The latest unlisted Grey Market Premium (GMP) for SBI Funds Management IPO is quoted at ₹65, representing a premium of approximately 11.32% over the upper price band of ₹574. On a simple cap price plus GMP basis, the estimated opening price indicates a listing near ₹639, and informal quotes have held steady over recent sessions. Please note that GMP is an unregulated sentiment indicator quoted by off-market dealers; it fluctuates based on supply-demand dynamics and does not constitute a guaranteed listing price. For historical accuracy studies, read our research on IPO GMP accuracy, or compare with live GMP quotes for all active IPOs.
As per the latest exchange feeds from BSE and NSE, SBI Funds Management IPO has been subscribed 41.73x overall — with QIB at 140.11x, NII at 22.51x, bNII at 26.01x, sNII at 15.51x, Retail at 3.76x, Employee at 4.65x, Shareholder at 9.52x, representing over 63,82,532 retail and institutional applications. When the retail category is oversubscribed, SEBI regulations mandate that allotment is determined via an automated computerized lottery where each valid PAN gets one equal chance.
The minimum investment for retail investors is one lot of 26 shares (approx. ₹14,924 at the cut-off price), while the maximum retail bid is capped at 13 lots (under ₹2,00,000). Applications must be submitted using ASBA via Net Banking or the UPI Mandate route through registered stockbrokers (Zerodha, Groww, Angel One, Upstox).
The official registrar appointed for this issue is KFin Technologies Ltd., with the basis of allotment finalised on 17 July 2026 and listing completed on 21 July 2026. Once declared, you can check your allotment status on our IPO Allotment Checker using your PAN or Application Number. If you are not allotted shares, the ASBA block on your bank funds is automatically released by T+2 day.
Issue Price
₹574
Listed At
₹613.3
Current Price
₹609.75
SBI Funds Management Ltd was established in 1992 and is the largest asset management company (AMC) in India based on assets under management (AUM). The company manages the well-known SBI Mutual Fund. It is a joint venture between State Bank of India and Amundi. The company offers a wide range of investment products such as equity funds, debt funds, hybrid funds, ETFs, and portfolio management services (PMS). As of 2025, the company manages around ₹16.32 lakh crore in assets, which represents about 15.5% of India’s total mutual fund AUM. As of December 31, 2025, the company serves more than 16.05 million investors, including both individual and institutional clients. It manages a diversified portfolio of 126 mutual fund schemes, covering different categories such as: The company also has a global investment presence. Its international business includes: India-focused investment mandates for institutional investors in Japan, Australia, and Korea, with AUM of ₹232,090.37 million. UCITS India-focused funds sponsored by Amundi, with AUM of ₹86,816.48 million, distributed across Europe, the Middle East, South America, and Southeast Asia. Advisory services for Amundi’s Global Emerging Markets funds, managing ₹145,839.65 million in India-related assets.
SBI Funds Management IPO raises ₹2,662.96 crore from anchor investors. SBI Funds Management IPO Anchor bid date is July 13, 2026.
| Category | Shares Offered | % |
|---|---|---|
| QIB | 7,73,21,826 | 50% |
| − Anchor Investor | 4,63,93,095 | 0% |
| − QIB (Ex. Anchor) | 3,09,28,731 | 0% |
| NII (HNI) | 2,31,96,549 | 15% |
| − bNII > ₹10L | 1,54,64,366 | 0% |
| − sNII < ₹10L | 77,32,183 | 0% |
| Retail | 5,41,25,280 | 35% |
| Employee | 32,57,347 | 0% |
| Shareholders | 1,30,55,629 | 0% |
| 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 |
EPS (Pre IPO)
15.06
EPS (Post IPO)
15.06
ROE
43.02%
P/E (Pre IPO)
38.12
P/E (Post IPO)
38.12
Price / Book
19.60
Market Cap
₹0 Cr.
| Company | P/E | ROE | Revenue |
|---|---|---|---|
| ICICI Prudential Asset Management Co.Ltd. | 40.37 | ₹10,602.65 Cr | |
| Canara Robeco Asset Management Co.Ltd. | 27.82 | ₹1,326.13 Cr |
SBI Funds Management Ltd. Address
KFin Technologies Ltd.