SBI Funds Management IPO: dates, price band, lot size and GMP
SBI Funds Management IPO listed on 21 Jul at ₹613 (NSE, BSE). Issue dates 14 – 16 Jul 2026, price band ₹574, lot 26 shares. The shares now trade on the exchange; any pre-IPO price on this site is historical.
Listing: SBI Funds Management listed on 21 Jul 2026 on NSE, BSE at ₹613.30, +₹39.30 (+6.8%) against the ₹574 upper band. SBI Funds Management IPO listing date, price and gain · Recently listed IPOs
Updated 17 Oct 2026, 22:10 IST. Unofficial grey-market figures, dated.
BuyUnlistedShares tracks 208 IPOs on its calendar; the SBI Funds Management IPO has a price band of ₹574, a lot of 26 shares and no grey-market premium reported yet as of 17 Oct 2026.
Key details
| Board | Mainboard |
|---|---|
| Issue dates | 14 – 16 Jul 2026 |
| Price band | ₹574 |
| Lot size | 26 shares |
| Issue size | ₹9,812.91 Cr |
| Offer for sale | ₹9,795.32 Cr |
| Subscription | 41.73x |
| Registrar | Kfin Technologies Ltd. |
| Lead managers | 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. |
| Status | Listed |
Timeline
- Issue opens: 14 Jul
- Issue closes: 16 Jul
- Allotment: 17 Jul
- Refunds: 20 Jul
- Demat credit: 20 Jul
- Listing: 21 Jul
Live subscription
| Category | Subscribed |
|---|---|
| QIB | 140.11x |
| NII | 22.51x |
| sNII | 15.51x |
| bNII | 26.01x |
| Retail | 3.76x |
| Total | 41.73x |
Last updated 16 Jul 2026, 6:55 PM IST.
Issue details
| Face value | ₹1 |
|---|---|
| Issue type | Book Build Issue |
| Listing at | NSE, BSE |
| Market cap at the upper band | ₹1,16,914 Cr |
| P/E (pre-issue) | 38.12x |
| P/E (post-issue) | 38.11x |
| Offer for sale (shares) | 17,09,56,631 |
| Total shares offered | 17,09,56,631 |
| Promoter holding pre-issue | 96.38% |
| Promoter holding post-issue | 88% |
| Promoters | State Bank of India, Amundi India Holding, Amundi Asset Management |
| Lead managers | 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 phone | 040-79615565 |
| Registrar email | sbifml.ipo@kfintech.com |
| Company website | sbifunds.com |
| Anchor bid date | 13 Jul 2026 |
| Anchor lock-in ends (50%) | 16 Aug 2026 |
| Anchor lock-in ends (remaining) | 15 Oct 2026 |
Lot sizes by investor category
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (minimum) | 1 | 26 | ₹14,924 |
| Retail (maximum) | 14 | 364 | ₹2,08,936 |
| sNII (minimum) | 14 | 364 | ₹2,08,936 |
| bNII (minimum) | 68 | 1,768 | ₹10,14,832 |
Reservation
| Category | Share of issue | Shares offered | Basis |
|---|---|---|---|
| Anchor Investor | 27.1% | 4,63,93,095 | |
| QIB | 18.1% | 3,09,28,731 | Not more than 50% of the Offer |
| NII (HNI) | 13.6% | 2,31,96,549 | Not less than 15.0% of the Offer |
| sNII | 4.5% | 77,32,183 | |
| bNII | 9% | 1,54,64,366 | |
| Retail | 31.7% | 5,41,25,280 | Not less than 35% of the Offer |
| Employee | 1.9% | 32,57,347 | |
| Shareholder | 7.6% | 1,30,55,629 |
Subscription by day
| Day | QIB | NII | sHNI | bHNI | Retail | Total |
|---|---|---|---|---|---|---|
| Day 1 · 16 Jul | 140.11x | 22.51x | 15.51x | 26.01x | 3.76x | 41.73x |
Key ratios as of 31 Mar 2025
| EPS (pre-issue) | ₹15.06 |
|---|---|
| EPS (post-issue) | ₹15.06 |
| P/E (pre-issue) | 38.12x |
| P/E (post-issue) | 38.11x |
| RoNW | 33.77% |
| RoE | 33.77% |
| EBITDA margin | 94.86% |
| Price / book | 14.05x |
| NAV per share | ₹40.85 |
| Market cap (upper band) | ₹1,16,914 Cr |
Financials (₹ Cr)
| Metric | FY26 | FY25 | FY24 | FY26 vs FY25 |
|---|---|---|---|---|
| Assets | 6,420.45 | 8,771.86 | 7,106.93 | −26.8% |
| Total Income | 4,976.11 | 4,236.15 | 3,426.08 | +17.5% |
| Profit After Tax | 3,067.38 | 2,540.15 | 2,072.79 | +20.8% |
| EBITDA | 4,058.44 | 3,412.94 | 2,718.82 | +18.9% |
| NET Worth | 5,963.06 | 8,297.53 | 6,747.75 | −28.1% |
| Reserves and Surplus | 326.73 | 255.12 | 182.02 | +28.1% |
About SBI Funds Management
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
Peer comparison
| Company | EPS (Basic) | EPS (Diluted) | NAV (₹ per share) | P/E (x) | RoNW (%) | Financial statements |
|---|---|---|---|---|---|---|
| Our Company | 15.08 | 15.04 | 29.28 | — | 43.02% | Consolidated |
| ICICI Prudential Asset Management Company | 66.73 | 66.73 | 84.39 | 49.38x | 85.8% | Consolidated |
| HDFC Asset Management Company | 66.77 | 66.5 | 215.42 | 41.71x | 32.9% | Consolidated |
| Nippon Life India Asset Management | 24.05 | 23.63 | 73.01 | 51.1x | 34.5% | Consolidated |
| Aditya Birla Sun Life Asset Management Company | 33.76 | 33.68 | 139.94 | 34.46x | 25.53% | Consolidated |
| UTI Asset Management Company | 31.51 | 31.41 | 350.5 | 31.57x | 11.22% | Consolidated |
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.
Offer documents: DRHP (PDF) · RHP (PDF)
Frequently asked questions
When does the SBI Funds Management IPO open and close?
The issue is scheduled for 14 – 16 Jul 2026.
What is the SBI Funds Management IPO price band?
The price band is ₹574 per share with a lot size of 26 shares.
How big is the SBI Funds Management IPO?
The total issue size is ₹9,812.91 Cr.
When will SBI Funds Management list?
The tentative listing date is 21 Jul on the main board.
How do I apply for the SBI Funds Management IPO?
Apply through your broker or bank using ASBA or UPI within the issue window; the amount stays blocked in your account until allotment. BuyUnlistedShares does not take applications; it tracks the issue and the unlisted price before it.
Sources
- Draft red herring prospectus (DRHP), SBI Funds Management · as filed with SEBI · sebi.gov.in
- Red herring prospectus (RHP), SBI Funds Management · as filed · sebi.gov.in
- Registrar allotment page, Kfin Technologies Ltd. · allotment 17 Jul · ipostatus.kfintech.com
- NSE public issues page · listing 21 Jul · nseindia.com
- BSE public issues page · listing 21 Jul · bseindia.com
- SBI Funds Management company website · sbifunds.com
- BuyUnlistedShares IPO record: GMP, subscription and allotment, dated daily · GMP as of 28 Jul, 06:00 · buyunlistedshares.com
How to cite this page: BuyUnlistedShares, “SBI Funds Management IPO”, https://buyunlistedshares.com/ipo/sbi-funds-management-ipo, as of 17 Oct 2026.
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Indicative reference price, dated. BuyUnlistedShares is India's premium unlisted shares desk, run by Gayatri Financial Synergy LLP. In the market since 2002. Data as of 17 Oct 2026.
Our notes on this IPO
- Read our note: SBI Funds Management IPO 2026: Listed at ₹613.30 — Dates, Allotment and Final Numbers
Guides for IPO applicants and pre-IPO holders
- The risks of buying unlisted and pre-IPO shares in India
- Unlisted Shares Lock-In Period: What Every Investor Must Know (2026)
- What Happens to Your Unlisted Shares After the IPO? Lock-In Periods Explained
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