IPO details · Updated
SBI Funds Management Limited
- Price Band
- ₹545 – ₹574
- Lot Size
- 26 shares
- Min. Investment
- ₹14,924
- Issue Size
- ₹9,795.32 Cr
- Offer Dates
- 14 Jul – 16 Jul 2026
- Listing
- 21 Jul 2026
Issue Details
- Total Issue Size
- ₹9,795.32 Cr
- 17,09,56,631 shares
- Fresh Issue
- ₹0 Cr
- Offer for Sale
- ₹9,795.32 Cr
- 17,09,56,631 shares
- Face Value
- ₹1 per share
- Issue Type
- Book-built IPO
- Listing At
- BSE, NSE
- Shares Pre-Issue
- 2,03,68,27,612
- Shares Post-Issue
- 2,03,68,27,612
IPO Timeline
Offer opens
14 Jul 2026
Offer closes
16 Jul 2026
Allotment
17 Jul 2026
Listing
21 Jul 2026
Issue Allocation
Share of the offer reserved for each investor category
- Anchor29.4%4,63,93,095 shares
- QIB19.6%3,09,28,731 shares
- HNI14.7%2,31,96,549 shares
- Retail34.3%5,41,25,280 shares
- Employee2.1%32,57,347 shares
Subscription Status
Times subscribed by investor category
| Category | Offered | Bids | Subscribed |
|---|---|---|---|
| QIB | 3,09,28,731 | 4,33,32,71,956 | 140.11x |
| NII | 2,31,96,549 | 52,21,84,416 | 22.51x |
| Retail | 5,41,25,280 | 19,46,77,574 | 3.60x |
| Employee | 32,57,347 | 1,51,49,992 | 4.65x |
| Shareholder | 1,30,55,629 | 12,42,63,542 | 9.52x |
| Total | 12,45,63,536 | 5,18,95,47,480 | 41.66x |
Lot Size & Investment
1 lot = 26 shares
Retail (min)
1 lot · 26 shares
Retail (max)
13 lots · 338 shares
S-HNI (min)
14 lots · 364 shares
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail | 1 | 26 | ₹14,924 |
| Small HNI (S-HNI) | 14 | 364 | ₹2,08,936 |
| Big HNI (B-HNI) | 68 | 1,768 | ₹10,14,832 |
Financial Performance
Restated figures in ₹ crore, unless stated otherwise
| Period | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| 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 & Surplus | 326.73 | 255.12 | 182.02 |
Key Performance Indicators
| Period | Mar-26 | Mar-25 |
|---|---|---|
| RoNW (%) | 43.02 | 33.77 |
| EPS (₹) | — | 15.06 |
| P/E (pre-issue) | — | 38.12 |
| P/E (post-issue) | — | 38.12 |
Peer Comparison
Listed companies in the same business
| Company | P/E | ROE |
|---|---|---|
| Our Company | — | 43.02% |
| ICICI Prudential Asset Management Company | 49.38 | 85.8% |
| HDFC Asset Management Company | 41.71 | 32.9% |
| Nippon Life India Asset Management | 51.1 | 34.5% |
| Aditya Birla Sun Life Asset Management Company | 34.46 | 25.53% |
| UTI Asset Management Company | 31.57 | 11.22% |
About SBI Funds Management Limited
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: Equity and equity-oriented funds Debt funds Arbitrage funds Exchange Traded Funds (ETFs) Index funds Overseas fund-of-funds Liquid and overnight funds 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 Market Leader in India The company is the largest asset management company in India by mutual fund AUM, benefiting from strong growth and operating scale. Leader in Portfolio Management Services (PMS) It is the largest PMS provider in India, with 39% market share in PMS and advisory assets. It also runs the largest Specialized Investment Fund (SIF) platform with 61% market share. Strong SIP Franchise The company has a 16.09% market share in live SIP accounts, showing strong investor trust and long-term investment participation. Structured Investment Process A process-driven investment framework helps maintain consistent performance and supports continuous product innovation. Strong Distribution Network A well-diversified, pan-India distribution network helps the company reach a wide range of investors. Advanced Technology and Data Use The company uses modern technology and data analytics to improve investor engagement and provide better services.
Promoters
- <p>State Bank of India
- Amundi India Holding
- Amundi Asset Management</p>
Company Information
- Book running 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.
- Registered office
- 9 th Floor, Crescenzo, C – 38 & 39, G Block, Bandra Kurla Complex, Bandra (East), Mumbai, Maharashtra, 400051
Official Documents
Opens the source filing in a new tab
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Disclaimer: Data on OpenIPO is for information only and is not investment advice. OpenIPO is not a SEBI-registered entity. GMP figures are unofficial estimates and may change. Verify all details against the company RHP and the official registrar before investing.