Bookbuilding IPO | ₹9,813 Cr | Listing at BSE, NSE | Tue, Jul 14, 2026 - Thu, Jul 16, 2026 P
SBI Funds Management IPO is a book build issue of ₹9,812.91 crores. The issue is entirely an offer for sale of 17.10 crore shares of ₹9,812.91 crore.
SBI Funds Management IPO bidding started from Jul 14, 2026 and ended on Jul 16, 2026. The allotment for SBI Funds Management IPO was finalized on Jul 17, 2026. SBI Funds Management IPO will list on NSE and BSE with a tentative listing date fixed as Jul 21, 2026.
SBI Funds Management IPO is set final issue price at ₹574 per share. The lot size for an application is 26 shares. The minimum amount of investment required by an individual investor (retail) is ₹14,924 (26 shares) (based on upper price). The lot size investment for sNII is 14 lots (364 shares), amounting to ₹2,08,936, and for bNII, it is 68 lots (1,768 shares), amounting to ₹10,14,832.
The issue includes a reservation of up to 32,57,347 shares for employees offered at a discount of ₹54.00 to the issue price.
Kotak Mahindra Capital Co.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to SBI Funds Management IPO RHP for detailed Information.
IPO Open
Tue, Jul 14, 2026
IPO Close
Thu, Jul 16, 2026
Issue Price
₹574 per share
Market Cap (Pre-IPO)
₹1,16,913.90 Cr
| IPO Date | 14 to 16 Jul, 2026 |
| Listing Date | Tue, Jul 21, 2026T |
| Face Value | ₹1 per share |
| Price Band | ₹545 to ₹574 |
| Issue Price | ₹574 per share |
| Lot Size | 26 Shares |
| Sale Type | OFS only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Employee Discount | ₹54.00 |
| Total Issue Size | 17,09,56,631 shares (agg. up to ₹9,813 Cr) |
| Offer for Sale | 17,09,56,631 shares of ₹1 (agg. up to ₹9,813 Cr) |
| Share Holding Pre Issue | 2,03,68,27,612 shares |
| Share Holding Post Issue | 2,03,68,27,612 shares |
SBI Funds Management IPO comprises a total issue size of 17,09,56,631 shares. The net offer to the public is 15,46,43,655 shares, after excluding 1,63,12,976 shares under a preferential allotment. Of the Net offer 7,73,21,826 (50.00%) are allocated to QIB, 2,31,96,549 (15.00%) allocated to NII 5,41,25,280 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 7,73,21,826 | 50.00% | 45.23% | NA |
| − Anchor Investor Shares Offered | 4,63,93,095 | 27.14% | NA | |
| − QIB (Ex. Anchor) Shares Offered | 3,09,28,731 | 18.09% | NA | |
| NII (HNI) Shares Offered | 2,31,96,549 | 15.00% | 13.57% | NA |
| − bNII > ₹10L | 1,54,64,366 | 9.05% | 42,484 | |
| − sNII < ₹10L | 77,32,183 | 4.52% | 21,242 | |
| Retail Shares Offered | 5,41,25,280 | 35.00% | 31.66% | 20,81,741 |
| Preferential Reservations | ||||
| Employee Shares Offered | 32,57,347 | 1.91% | NA | |
| Shareholders Shares Offered | 1,30,55,629 | 7.64% | NA | |
| Total Shares Offered | 17,09,56,631 | 100.00% | 100.00% | |
Investors can bid for a minimum of 26 shares and in multiples thereof.
| 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 | 1,742 | ₹9,99,908 |
| B-HNI (Min) | 68 | 1,768 | ₹10,14,832 |
SBI Funds Management IPO raises ₹2,662.96 crore from anchor investors. SBI Funds Management IPO Anchor bid date is July 13, 2026.
📝 Anchor Investors Letter (PDF)
| Bid Date | Mon, Jul 13, 2026 |
| Shares Offered | 4,63,93,095 |
| Anchor Portion (₹ Cr.) | 2,662.96 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sun, Aug 16, 2026 |
| Anchor lock-in period end date for remaining shares (90 Days) | Thu, Oct 15, 2026 |
| Category | Limit | Cut-off |
|---|---|---|
| RII | Up to ₹2 Lakhs | Yes |
| sNII | ₹2 Lakhs – ₹10 Lakhs | No |
| bNII | Above ₹10 Lakhs | No |
| Shareholder (SH) | Up to ₹2 Lakhs | Yes |
| Employee (EMP) | Up to ₹5 Lakhs | Yes |
| Employee + Shareholder | Up to ₹2 Lakhs (SH) + Up to ₹5 Lakhs (EMP) | Yes |
| Shareholder + RII/NII | Up to ₹2 Lakhs (SH) + RII/NII limits | Yes (SH/RII) |
| Employee + RII/NII | Up to ₹5Lakhs (EMP) + RII/NII limits | Yes (EMP/RII) |
| Employee + Shareholder + RII/NII | Upto ₹2 Lakhs (SH) + Upto ₹5 Lakhs (EMP) + RII/NII limits | Yes (SH/EMP/RII) |
Note: To be eligible for the Shareholder Quota, you must hold shares in one of the following companies:
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.
Competitive Strengths
SBI Funds Management Ltd.'s revenue increased by 17% and profit after tax (PAT) rose by 21% between the financial year ending with March 31, 2026 and March 31, 2025.
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 6,420.45 | 8,771.86 | 7,106.93 |
| Total Income | 4,976.11 | 4,236.15 | 3,426.08 |
| Profit After Tax | 3,067.38 | 2,540.15 | 2,072.79 |
| EBITDA | 4,058.44 | 3,412.94 | 2,718.82 |
| NET Worth | 5,963.06 | 8,297.53 | 6,747.75 |
| Reserves and Surplus | 326.73 | 255.12 | 182.02 |
| Amount in ₹ Crore | |||
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| ICICI Prudential Asset Management Co.Ltd. | Mainboard | ₹10,602.65 Cr | ₹2165 | 40.37 | ₹2,585.90 | +19.44% | ₹3,182.80 (+2.62%) |
| Canara Robeco Asset Management Co.Ltd. | Mainboard | ₹1,326.13 Cr | ₹266 | 27.82 | ₹300.45 | +12.95% | ₹258.85 (+0.14%) |
| KPI | Mar 31, 2026 | Mar 31, 2025 |
|---|---|---|
| ROE | 43.02% | 33.77% |
| RoNW | 43.02% | 33.77% |
| EBITDA Margin | 92.46% | 94.86% |
| Price to Book Value | 19.60 | 14.05 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 15.06 | 15.06 |
| P/E (x) | 38.12 | 38.12 |
| Promoter Holding | 96.38% | 88.00% |
| Market Cap | ₹1,16,913.90 Cr. |
The SBI Funds Management IPO is subscribed 41.73 times on July 16, 2026 6:54:44 PM (Day 3). The public issue subscribed 3.76 times in the retail category, 140.11 times in the QIB category, and 22.51 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (x) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB (Ex Anchor) | 140.11 | 3,09,28,731 | 4,33,32,71,956 |
| NII | 22.51 | 2,31,96,549 | 52,21,84,416 |
| bNII (> ₹10L) | 26.01 | 1,54,64,366 | 40,22,20,000 |
| sNII (< ₹10L) | 15.51 | 77,32,183 | 11,99,64,416 |
| Retail | 3.76 | 5,41,25,280 | 20,37,35,038 |
| Employee | 4.65 | 32,57,347 | 1,51,49,992 |
| Shareholders | 9.52 | 1,30,55,629 | 12,42,63,542 |
| Total | 41.73 | 12,45,63,536 | 5,19,86,04,944 |
Total Applications: 63,82,532
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees and commissions payable to the BRLMs (including any underwriting commission, brokerage and selling commission) | 4.63 |
| 2 | Advertising and marketing expenses | 26.62 |
| 3 | Fees payable to the Registrar to the Offer | 10.55 |
| 4 | Commission/processing fee for SCSBs, Sponsor Bank(s) and Bankers to the Offer. Brokerage and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | 19.75 |
| 5 | Printing and distribution of Offer stationery | 3.95 |
| 6 | Regulatory filing fees, book building software fees, listing fees etc | 17.49 |
| 7 | Fees payable to other intermediaries including but not limited to the Statutory Auditors and industry report provider | 3.51 |
| 8 | Fee payable to legal counsels | 5.13 |
| 9 | Miscellaneous | 21.36 |
| Total | 112.98 |
Lead Manager Reports
SBI Funds Management IPO is a main-board IPO of 17,09,56,631 equity shares of the face value of ₹1 aggregating up to ₹9,813 Crores. The issue is priced at ₹574 per share. The minimum order quantity is 26.
The IPO opens on Tue, Jul 14, 2026, and closes on Thu, Jul 16, 2026.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in SBI Funds Management IPO using UPI as a payment gateway. Zerodha customers can apply in SBI Funds Management IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in SBI Funds Management IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The SBI Funds Management IPO opens on Tue, Jul 14, 2026 and closes on Thu, Jul 16, 2026.
SBI Funds Management IPO lot size is 26, and the minimum amount required for application is ₹14,924.
You can apply in SBI Funds Management IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for SBI Funds Management IPO will be done on Friday, July 17, 2026, and the allotted shares will be credited to your demat account by Mon, Jul 20, 2026. Check the SBI Funds Management IPO allotment status.
The SBI Funds Management IPO listing date is not yet announced. The tentative date of listing is Tue, Jul 21, 2026.
