SBI Funds Management IPO to open on July 14 at Rs 545-574 price band

SBI Funds Management will launch its Rs 11,692.91 crore IPO on July 14. Investor enthusiasm is building in the grey market, indicating a premium. The price band is set at Rs 545-574 per equity share for this offering. This public issue is entirely an Offer for Sale by selling shareholders. The shares are tentatively scheduled to debut on July 21, 2026.

India's largest asset management company, SBI Funds Management, is set to launch its much-awaited Rs 11,692.91-crore initial public offering on July 14, with the issue remaining open for subscription until July 16.

Investor enthusiasm is already building in the grey market. The SBI Funds Management IPO GMP is currently hovering around Rs 89, indicating a 16% premium over the upper end of the price band of Rs 574. Based on the latest grey market trends, the stock is expected to list at around Rs 663 per share, if current sentiment sustains.

SBI Funds Management has fixed the IPO price band at Rs 545-574 per equity share. The Rs 11,692.91-crore public issue is entirely an Offer for Sale (OFS) of 20.37 crore equity shares, therefore, the company itself will not receive any proceeds from the offering. The entire issue proceeds will instead accrue to the selling shareholders i.e. State Bank of India and Amundi India Holding.

For retail investors, the minimum application size is 26 shares, translating into a minimum investment of Rs 14,924 at the upper end of the price band.

Ahead of the IPO launch, the asset management company raised Rs 1,655 crore through a pre-IPO placement, allotting 2.88 crore equity shares to 30 marquee institutional investors, highlighting robust demand from large investors.

Live Events

The IPO will open for public subscription on July 14, 2026, and close on July 16, 2026. The basis of allotment is expected to be finalized on July 17, 2026, while the shares are tentatively scheduled to debut on the NSE and BSE on July 21, 2026.

Kotak Mahindra Capital Co. Ltd. is the book-running lead manager for the issue, while Kfin Technologies Ltd. is serving as the registrar.

About SBI Funds Management

Established in 1992, SBI Funds Management is the investment management arm of State Bank of India and manages the widely recognized SBI Mutual Fund, a joint venture between SBI and Amundi.

The company offers a diversified suite of investment solutions, including equity, debt and hybrid mutual funds, exchange-traded funds (ETFs), and portfolio management services (PMS).

As of 2025, SBI Funds Management managed approximately Rs 16.32 lakh crore in assets under management (AUM), commanding around 15.5% of India's mutual fund industry's total AUM. The AMC also served more than 16.05 million individual and institutional investors as of December 31, 2025, reinforcing its leadership position in the country's rapidly expanding asset management industry.

Financial Performance

SBI Funds Management continued its strong earnings momentum in FY26, reporting a 21% year-on-year increase in net profit to Rs 3,068 crore, compared with Rs 2,540 crore in FY25. The company had posted a profit of Rs 2,073 crore in FY24, highlighting its consistent growth trajectory over the past three years.