SBI Funds Management IPO Opens July 14: Price Band and Key Details
- 9th July 2026
- 11:40 AM
- 3 min read
Summary
SBI Funds Management's initial public offering opens for subscription on July 14 with a price band of ₹545 to ₹574 per share. The issue is a pure offer for sale worth ₹11,102 crore by promoters SBI and Amundi India. Shares are set to list on July 21.Mumbai | July 9, 2026
SBI Funds Management has fixed a price band of ₹545 to ₹574 per share for its initial public offering, which opens for subscription on July 14 and closes on July 16. Anchor investor bidding begins a day earlier, on July 13.
Issue Structure and Key Dates
The IPO is entirely an offer for sale worth ₹11,102 crore. SBI will sell up to 12.83 crore shares, representing a 6.3 per cent stake, while joint venture partner Amundi India Holding will offload up to 7.56 crore shares, or a 3.7 per cent stake. Together, the two currently hold around 98 per cent of the asset manager. At the upper end of the price band, the company is expected to command a post-listing market capitalisation of around ₹1.17 lakh crore.
The lot size for retail investors is 26 shares, requiring a minimum investment of ₹14,924 at the upper price band. Small non-institutional investors need to bid for 14 lots, or 364 shares, amounting to ₹2,08,936, while big non-institutional investors require 68 lots, or 1,768 shares, amounting to ₹10,14,832.
Kotak Mahindra Capital, Axis Capital, BofA Securities India, HSBC Securities and Capital Markets, ICICI Securities, Jefferies India, JM Financial, Motilal Oswal Investment Advisors and SBI Capital Markets are the book-running lead managers to the issue. KFin Technologies is the registrar.
Allotment and Listing Timeline
The basis of allotment is expected to be finalised on July 17. Refunds and credit of allotted shares to demat accounts are scheduled for July 20. Shares are set to list on the BSE and NSE on July 21.
SBI Funds Management IPO GMP
SBI Funds Management shares commanded a grey market premium of ₹75 as of July 9, 2026, 11:31 am, pointing to an estimated listing price of ₹649 against the upper price band of ₹574, a gain of 13.07 per cent. GMP has trended downward over the past four sessions, ranging between a low of ₹75 and a high of ₹140.
Grey market premium is an unofficial indicator based on unregulated trading and may not reflect the actual listing price.
Company Overview
SBI Funds Management is India’s largest asset management company by quarterly average assets under management, with QAAUM of ₹12,49,970 crore and a 15.4 per cent mutual fund market share as of December 31, 2025. Including its portfolio management and advisory mandates, total QAAUM stood at ₹29,04,026 crore. The company is also India’s oldest asset manager, serving as investment manager to SBI Mutual Fund since June 1987, and the largest passive asset manager with ₹3,99,953 crore in passive QAAUM and a 29.6 per cent market share.
Outlook
The offer for sale structure means proceeds will go to selling shareholders SBI and Amundi India rather than the company itself.
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