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SBI FUNDS MANAGEMENT IPO

ALREADY DEPARTEDNSE, BSE · MAINBOARD · ASSET MANAGEMENT COMPANY
INDICATIVE FARE / PRICE BAND
₹574
BAND INDICATIVE · NOTHING FINAL UNTIL THE RHP
FIGURES ON THIS PAGE AS OF 04 AUG 2026, 12:01 IST · REFRESHED THROUGH THE DAY
THE FARE BOARD · KEY NUMBERS

BY THE NUMBERS.

PRICE BAND
₹574
LOT SIZE
26 SHARES
ISSUE SIZE
₹9812.91 CR
MIN INVESTMENT
₹14,924 · 26 SHARES
P/E RATIO
38.12
THE TIMETABLE · FOUR STOPS
THE JOURNEY.
OPENS
14 JUL 26
✓ STOP CLEARED
CLOSES
16 JUL 26
✓ STOP CLEARED
ALLOTMENT
17 JUL 26
✓ STOP CLEARED
LISTING
21 JUL 26
✓ STOP CLEARED
ANCHOR BIDDING13 JUL 26REFUNDS INITIATED20 JUL 26SHARES IN DEMAT20 JUL 26ANCHOR LOCK-IN ENDS · 30 DAY16 AUG 26ANCHOR LOCK-IN ENDS · 90 DAY15 OCT 26
TIMETABLE AS FILED · DATES CAN MOVE · CONFIRM AGAINST THE OFFICIAL RHP AND THE REGISTRAR
END OF THE LINE · LISTING DAY

WHERE IT LANDED.

LISTING PRICE
₹613
DAY-1 LISTING GAIN
+6.85%
THE BOOKING SHEET · SUBSCRIPTION

HOW FULL THE BUS GOT.

OVERALL SUBSCRIPTION41.73×
QIB140.11×
NII22.51×
SMALL HNI15.51×
BIG HNI26.01×
RETAIL3.76×
THE CENTRE TICK = 1× · BUS FULL · SUBSCRIPTION FIGURES AS REPORTED BY THE EXCHANGES · TIMES THE ISSUE · INFORMATION ONLY
THE FARE TABLE · WHAT AN APPLICATION COSTS

TICKET CLASSES.

APPLICATIONLOTSSHARESAMOUNT
RETAIL · MINIMUM · AS PUBLISHED126₹14,924
RETAIL · MAXIMUM · COMPUTED13338₹1,94,012
SMALL HNI · MINIMUM · AS PUBLISHED14364₹2,08,936
SMALL HNI · MAXIMUM · COMPUTED671,742₹9,99,908
BIG HNI · MINIMUM · AS PUBLISHED681,768₹10,14,832
EACH ROW SAYS WHETHER ITS FIGURES ARE THE QUANTITIES PUBLISHED FOR THIS ISSUE OR OUR OWN ARITHMETIC · COMPUTED ROWS ARE LOT SIZE × UPPER BAND · AMOUNTS AT THE UPPER BAND OF ₹574 · CATEGORY LIMITS PER SEBI THRESHOLDS (₹2 LAKH RETAIL CEILING, ₹10 LAKH SHNI/BHNI BOUNDARY) · INFORMATION ONLY · WE DO NOT ACCEPT OR PROCESS IPO APPLICATIONS
THE MANIFEST · ISSUE STRUCTURE

HOW THE ISSUE IS BUILT.

FACE VALUE
₹1
ISSUE TYPE
BOOK BUILD ISSUE
OFFER FOR SALE
₹9,795.32 CR
17,09,56,631 SHARES
TOTAL SHARES OFFERED
17,09,56,631

The two legs send the money to different places: a fresh issue raises new capital for the company, while an offer for sale is existing shares being sold by existing shareholders, whose proceeds go to those sellers and not to the company.

FIGURES AS PUBLISHED FOR THIS ISSUE · CONFIRM AGAINST THE OFFICIAL RHP
THE GAUGES · VALUATION AND RETURNS

ON THE DASHBOARD.

EPS · PRE-ISSUE
15.06
EPS · POST-ISSUE
15.06
P/E RATIO
38.12
P/E · POST-ISSUE
38.12
RONW
33.77%
ROE
33.77%
EBITDA MARGIN
94.86%
PRICE / BOOK
14.05
NAV PER SHARE
₹40.85
MARKET CAP
₹1,16,913.9 CR
FIGURES STATED AS OF 31 MAR 2025 · AS PUBLISHED FOR THIS ISSUE AND REPRODUCED WITHOUT ADJUSTMENT · A REPORTED RATIO IS NOT A VIEW ON VALUE · CONFIRM AGAINST THE OFFICIAL RHP
THE LOGBOOK · REPORTED FINANCIALS

THE RUNNING RECORD.

INR CR31 MAR 2431 MAR 2531 MAR 26
ASSETS7,106.938,771.866,420.45
TOTAL INCOME3,426.084,236.154,976.11
PROFIT AFTER TAX2,072.792,540.153,067.38
EBITDA2,718.823,412.944,058.44
NET WORTH6,747.758,297.535,963.06
RESERVES AND SURPLUS182.02255.12326.73
AMOUNTS IN INR CR · AS PUBLISHED FOR THIS ISSUE AND REPRODUCED WITHOUT ADJUSTMENT · CONFIRM AGAINST THE OFFICIAL RHP
OTHER SERVICES ON THIS ROUTE · PEER GROUP

WHO ELSE RUNS THIS LINE.

PEEREPS (BASIC)EPS (DILUTED)NAV (₹ PER SHARE)P/E (X)RONW (%)FINANCIAL STATEMENTS
Our Company15.0815.0429.2843.02Consolidated
ICICI Prudential Asset Management Company66.7366.7384.3949.3885.8Consolidated
HDFC Asset Management Company66.7766.5215.4241.7132.9Consolidated
Nippon Life India Asset Management24.0523.6373.0151.134.5Consolidated
Aditya Birla Sun Life Asset Management Company33.7633.68139.9434.4625.53Consolidated
UTI Asset Management Company31.5131.41350.531.5711.22Consolidated
PEER GROUP STRUCK AS AT 31 MAR 2026 · AS PUBLISHED FOR THIS ISSUE · NOT LIVE MARKET QUOTES, AND NOT A COMPARISON DRAWN BY BUYUNLISTEDSHARES
THE NOTE PUBLISHED WITH THIS PEER GROUP

To be updated upon finalization of the Price Band. Return on net worth is computed as ratio of consolidated profit after tax attributable to the equity shareholders of our Company for the year ended March 31, 2026 to average net worth of year ended March 31, 2026. Average Net Worth represents the simple average of net worth as at the last day of the relevant fiscal year and as of the last day of the preceding fiscal year. Net worth includes share capital and reserve and surplus. Net asset value per equity share is computed as ratio of net worth to total number of equity shares outstanding at the year ended March 31, 2026 P/E ratio for the peers are computed based on closing market price as on July 6, 2026 at NSE, divided by diluted EPS (on consolidated basis) based on the audited financial results of the company for the year ended March 31, 2026. *Notes for listed peers: Sources for listed peers information are based on the audited financial results of the company for the year ended March 31, 2026. The bonus issue has been retrospectively adjusted in the calculation of earnings per share. All the financial information for listed industry peers mentioned above is on consolidated basis wherever applicable and is sourced from the audited financial results of respective companies for the year ended March 31, 2026. Basic and Diluted EPS reported for HDFC Asset Management Company Limited takes into consideration the allotment of bonus equity shares as on November 26, 2025. Basic and Diluted EPS reported for ICICI Prudential Asset Management Company Limited takes into consideration the allotment of bonus equity shares as on November 05, 2025. NAV reported for HDFC Asset Management Company Limited takes into consideration the allotment of bonus equity shares as on November 26, 2025. NAV reported for ICICI Prudential Asset Management Company Limited takes into consideration the allotment of bonus equity shares as on November 05, 2025

THE SEATING PLAN · CATEGORY RESERVATION

WHO GETS WHICH SEATS.

ANCHOR INVESTOR
4,63,93,095
SHARES
QIB
3,09,28,731
Not more than 50% of the Offer
NII (HNI)
2,31,96,549
Not less than 15.0% of the Offer
SNII
77,32,183
SHARES
BNII
1,54,64,366
SHARES
RETAIL
5,41,25,280
Not less than 35% of the Offer
EMPLOYEE
32,57,347
SHARES
SHAREHOLDER
1,30,55,629
SHARES
17,09,56,631 SHARES ACROSS ALL CATEGORIES · CATEGORY SPLIT AS PUBLISHED FOR THIS ISSUE · CONFIRM AGAINST THE OFFICIAL RHP
ABOUT THIS SERVICE

SBI Funds Management Ltd. is India's largest asset management company (AMC) by assets under management (AUM). The company manages the flagship SBI Mutual Fund and operates as a joint venture between State Bank of India and Amundi. Its product portfolio includes equity, debt, hybrid, index, and exchange-traded funds (ETFs), along with portfolio management services (PMS) designed to meet the needs of both retail and institutional investors. As of 2025, the company oversees approximately ₹16.32 lakh crore in AUM, accounting for nearly 15.5% of the Indian mutual fund industry's total assets. As of December 31, 2025, SBI Funds Management Ltd serves more than 16.05 million investors across individual and institutional segments. The company offers a comprehensive range of 126 mutual fund schemes spanning multiple investment categories, including: Equity and equity-oriented schemes Debt and fixed-income funds Arbitrage funds Exchange Traded Funds (ETFs) Index funds International fund-of-funds Liquid and overnight funds Beyond its domestic operations, the company has established a significant international investment presence through multiple global mandates: Managing India-focused institutional investment mandates in Japan, Australia, and South Korea with assets of ₹232,090.37 million. Supporting UCITS India-focused funds sponsored by Amundi, with AUM of ₹86,816.48 million and distribution across Europe, the Middle East, South America, and Southeast Asia. Providing advisory services for Amundi's Global Emerging Markets funds, overseeing India-related assets worth ₹145,839.65 million. Key Competitive Strengths /p> Leading Position in the Indian AMC Industry Dominant Presence in PMS and SIF Robust SIP Investor Base Disciplined Investment Framework Extensive Nationwide Distribution Technology-Driven Operations/li> SBI Funds Management Shareholder and Employee Reservation SBI Funds Management Limited has reserved 13,055,629 equity shares for eligible shareholders under the shareholder reservation category, allowing qualifying shareholders (SBI Bank Shareholders) to participate in the IPO through a dedicated allocation. In addition, the company has reserved 3,257,347 equity shares for eligible employees. Employees are also being offered a discount of ₹54 per equity share on the issue price, providing them with an opportunity to subscribe to the IPO at a concessional price.

THE CREW · WHO IS RUNNING THIS SERVICE

ON THE ROSTER.

PROMOTERS
NAMES
State Bank of India, Amundi India Holding, Amundi Asset Management
HOLDING PRE-ISSUE
96.38%
HOLDING POST-ISSUE
88%
BOOK-RUNNING LEAD MANAGERS
9 APPOINTED
Kotak Mahindra Capital Co.Ltd., Axis Capital Ltd., BOFA Securities India Ltd., HSBC Securities & Capital Markets (India) Pvt.Ltd., ICICI Securities Ltd., Jefferies India Pvt.Ltd., JM Financial Ltd., Motilal Oswal Investment Advisors Ltd., SBI Capital Markets Ltd.
REGISTRAR TO THE ISSUE
NAME
Kfin Technologies Ltd.
PHONE
040-79615565
THE COMPANY
PHONE
+91 22 6179 3000
REGISTERED OFFICE
9 th Floor, Crescenzo, C – 38 & 39, G Block, Bandra Kurla Complex, Bandra (East), Mumbai, Maharashtra, 400051
DETAILS AS PUBLISHED FOR THIS ISSUE · ALLOTMENT IS HANDLED BY THE REGISTRAR, NOT BY BUYUNLISTEDSHARES · WE NEVER ASK FOR PAN OR APPLICATION DETAILS
THE ENQUIRY DESK · QUESTIONS

COMMON QUESTIONS.

What is the SBI Funds Management IPO price band?+

The indicative price band is ₹574 per share. The binding terms are the ones in the Red Herring Prospectus (RHP).

What is the lot size of the SBI Funds Management IPO?+

One lot is 26 shares. At the upper band of ₹574, one lot works out to ₹14,924.

How many lots can a retail investor apply for in the SBI Funds Management IPO?+

A retail application runs from 1 lot (26 shares, ₹14,924) up to 13 lots (338 shares, ₹1,94,012) — the most that fits under SEBI's ₹2 lakh retail ceiling.

What is the minimum HNI application in the SBI Funds Management IPO?+

A small-HNI (sHNI) application starts at 14 lots — 364 shares, ₹2,08,936. A big-HNI (bHNI) application starts at 68 lots — 1,768 shares, ₹10,14,832, above the ₹10 lakh boundary.

When does the SBI Funds Management IPO open and close?+

The issue opened on 14 Jul 2026 and closed on 16 Jul 2026. Dates can move — the registrar and the exchange notices are the record.

When is the SBI Funds Management IPO allotment?+

Allotment is scheduled for 17 Jul 2026. The basis of allotment is published by the registrar to the issue. BuyUnlistedShares does not accept, process or track IPO applications.

When did SBI Funds Management list?+

Listing took place on 21 Jul 2026 on NSE, BSE.

Where will SBI Funds Management be listed?+

SBI Funds Management is listed on NSE, BSE. It is a mainboard issue.

How large is the SBI Funds Management IPO?+

The issue size is ₹9812.91 Cr — an offer for sale of ₹9,795.32 cr. Figures are indicative and subject to the RHP.

How was the SBI Funds Management IPO subscribed?+

The issue was subscribed 41.73× overall. By category: qib 140.11×, nii 22.51×, small hni 15.51×, big hni 26.01×, retail 3.76×. Subscription figures are as reported by the exchanges.

At what price did SBI Funds Management list?+

SBI Funds Management listed at ₹613, +6.85% against the issue price.

Who is the registrar for the SBI Funds Management IPO?+

The registrar to the issue is Kfin Technologies Ltd. (040-79615565), sbifml.ipo@kfintech.com.

Where can I check the SBI Funds Management IPO allotment status?+

Allotment status is published by the registrar on its own official portal: https://ipostatus.kfintech.com/. Use the registrar's site directly — BuyUnlistedShares does not ask for PAN, application numbers or any other applicant detail.

What is the P/E ratio of the SBI Funds Management IPO?+

The P/E ratio on file for this issue is 38.12, and the post-issue P/E is 38.12, stated as of 31 Mar 2025. A reported ratio is not a view on value.

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PRE-IPO STOCK ONLY · WE DO NOT ACCEPT IPO APPLICATIONS
Dates, price band, lot size, issue size and subscription figures are indicative and subject to the official Red Herring Prospectus (RHP). Application amounts shown in the fare table are arithmetic on the lot size and the upper band against SEBI's category thresholds — they are not an application facility and we do not accept IPO applications. GMP is unofficial grey-market chatter that changes daily — not a target, not a quote and not a recommendation. This page is information only: it is not an offer to deal and not investment advice. BuyUnlistedShares provides information and research, not buy/sell recommendations. All IPOs carry market risk — read the RHP and assess suitability before applying.
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