SBI Funds Management was incorporated on February 7, 1992. The company is India’s largest asset management company by QAAUM, with a strong market share and leadership in both mutual funds and passive assets, while also being the country’s oldest AMC managing SBI Mutual Fund. Its QAAUM has grown steadily across segments, supported by robust CAGR in overall, mutual fund, and equity-oriented assets
| Bidding Dates |
|---|
| 14 Jul 2026 - 16 Jul 2026 |
| Subscription |
|---|
| 41.66x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,170 | 1 | 13 | 26 | 171.0 M | ₹545 - ₹574 | 89.8 % | ₹93171.4 M - ₹98129.1 M | RHP DOC |
SBI Funds Management IPO SUBSCRIPTION STATUS
16 Jul '26SBI Funds Management IPO overall subscription rate was 41.66 times the total available shares
SBI Funds Management IPO retail subscription rate was 3.6 times in the retail segment
SBI Funds Management IPO non-institutional investor subscription rate was 22.51 times in the non-institutional investor category
SBI Funds Management IPO Qualified Institutional Bidder subscription rate was 140.11 times the available shares for Qualified Institutional Bidder
SBI Funds Management IPO Employees subscription rate was 4.65 times in the Employees category
SBI Funds Management IPO Reservation PortionShareholder subscription rate was 9.52 times in the Reservation PortionShareholder category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers | Employees | Reservation PortionShareholder |
|---|---|---|---|---|---|
| Category Reservation | 35% | 15% | 50% | - | - |
16 Jul 2026 (Day 3) | 3.6x | 22.51x | 140.11x | 4.65x | 9.52x |
15 Jul 2026 (Day 2) | 1.61x | 6.58x | 1.5x | 2.27x | 3.98x |
14 Jul 2026 (Day 1) | 0.62x | 1.39x | 0.08x | 1.02x | 1.04x |
SBI Funds Management FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY26 | 4,389.5 | 3,067.4 | 2,487.6 | 2,459.6 | 92.5% |
| FY25 | 3,597.8 | 2,540.2 | 1,992.4 | 1,872.6 | 94.9% |
| FY24 | 2,690.6 | 2,072.8 | 1,438.2 | 1,427.3 | 101.1% |
SBI Funds Management IPO SUBSCRIPTION STATUS DETAILS
SBI Funds Management had 171.0 M shares on offer
SBI Funds Management IPO offer price was in the range ₹545 - ₹574
SBI Funds Management IPO minimum Investment was ₹14170
SBI Funds Management IPO issue size was ₹ 93171.4 M - ₹ 98129.1 M
SBI Funds Management had a minimum lot size of 26 Shares per application
SBI Funds Management NUMBER OF SHARES ON OFFER
SBI Funds Management IPO IMPORTANT DATES
| Issue Open Date | 14 Jul 2026 |
| Issue close Date | 16 Jul 2026 |
| Allotment Date | 17 Jul 2026 |
| Refund Date | 20 Jul 2026 |
| Demat Account Credit Date | 20 Jul 2026 |
| Listing Date | 21 Jul 2026 |
| Listing on Exchange(s) | NSE and BSE |
| SBI Funds Management Allotment Status | Exchange/ Registrar |
SBI Funds Management IPO subscription opened on 14 Jul 2026, and closed on 16 Jul 2026
IPO allotment for SBI Funds Management was finalized on Friday, 17 Jul 2026
IPO listing for SBI Funds Management was on NSE and BSE on Tuesday, 21 Jul 2026
SBI Funds Management IPO LISTING GAINS
| Issue Price (adjusted) | 574.0 |
| Listing Open Price | 613.3 |
| Listing Close Price | 609.8 |
| Listing Gain% | 6.8% |
| Current Gain% | -0.4% |
SBI Funds Management Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SBI Funds Management Ltd. | 571.8 | 116455.6 | 38 | 1.8 | 23.4 | 51.4 | 47.8 | 4976.1 | 17.5 | 3067.4 | 20.8 | 15.1 | 20.8 |
| ICICI Prudential Asset Management Company Ltd. | 3072.8 | 151875.8 | 43.6 | 25.2 | 79.1 | 65.3 | 6000.9 | 20.5 | 3298.3 | 24.4 | 70.4 | ||
| HDFC Asset Management Company Ltd. | 2545 | 109126.2 | 37 | 2.8 | 25.7 | 31 | 28.6 | 4622.2 | 13.8 | 2858.1 | 16.2 | 68.7 | 13.2 |
| Nippon Life India Asset Management Ltd. | 1176 | 75181.2 | 45.9 | 2.2 | 26.2 | 32.8 | 29.4 | 2933.1 | 16.4 | 1529.4 | 18.9 | 25.6 | 21.2 |
| Aditya Birla Sun Life AMC Ltd. | 1025.3 | 29658.2 | 29.4 | 8.1 | 15.9 | 24.2 | 22.1 | 2059.5 | 3.7 | 975.1 | 4.8 | 34.8 | 3.6 |
| UTI Asset Management Company Ltd. | 896.6 | 11525.4 | 25 | -0.7 | 6 | 9 | 8 | 1714 | -7.8 | 404.1 | -44.8 | 35.9 | -35.4 |
SBI Funds Management IPO Reports
SBI Funds Management INFORMATION ON IPO ISSUE
About SBI Funds Management
SBI Funds Management was incorporated on February 7, 1992. The company is India’s largest asset management company by QAAUM, with a strong market share and leadership in both mutual funds and passive assets, while also being the country’s oldest AMC managing SBI Mutual Fund. Its QAAUM has grown steadily across segments, supported by robust CAGR in overall, mutual fund, and equity-oriented assets
Object of the Issue
- To carry out the offer for sale of up to 203,709,239 equity shares of face value of Rs 1 each by the promoter selling shareholders
- To achieve the benefits of listing the equity shares on the stock exchanges
SBI Funds Management - PROMOTERS
| Name |
|---|
| State Bank of India |
SBI Funds Management - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Challa Sreenivasulu Setty | Chairman & Non-Executive Director |
| Ashwini Kumar Tewari | Non-Executive Director |
| Nand Kishore | Managing Director & Chief Executive Officer |
| Olivier Philippe Mariee | Non-Executive Director |
| Denys Charles Jean Marie Fougeroux De Campigneulles | Executive Director & Deputy Chief Executive Officer |
| Moiz Mohsin Miyajiwala | Independent Director |
| Sudha Krishnan | Independent Director |
| Shekhar Bhatnagar | Independent Director |
| Hemant Ratnakar Adarkar | Independent Director |
| Sanjay Prakash | Independent Director |
SBI Funds Management Book Running Lead Manager
Kotak Mahindra Capital Company Limited
sbifml.ipo@kotak.com
Axis Capital Limited
sbifml.ipo@axiscap.in
BofA Securities India Limited
dg.sbi_fm_ipo@bofa.com
HSBC Securities and Capital Markets (India) Private Limited
sbiamcipo@hsbc.co.in
ICICI Securities Limited
sbifml.ipo@icicisecurities.com
Jefferies India Private Limited
SBI.Funds.Management@jefferies.com
JM Financial Limited
sbimf.ipo@jmfl.com
Motilal Oswal Investment Advisors Limited
sbifmipo@motilaloswal.com
SBI Capital Markets Limited
sbifm.ipo@sbicaps.com
SBI Funds Management Registrar to the Offer
KFin Technologies Limited
sbifml.ipo@kfintech.com
SBI Funds Management Strengths
Institutional-grade governance framework
The company has established a robust governance framework with board oversight, a three-lines-of-defence model, and comprehensive risk management processes. Its experienced management team and real-time risk monitoring across key areas ensure strong compliance, stability, and disciplined portfolio management
Multi-channel distribution
The company follows a multi-channel distribution strategy with a wide pan-India network of intermediaries, banks, branches, and digital platforms, ensuring broad market reach. This diversified approach reduces dependence on any single channel and helps mitigate concentration risk
Dual parentage
The company benefits from strong parentage, combining SBI’s extensive domestic distribution network with Amundi’s global asset management expertise, creating a unique competitive advantage. Its integration with digital platforms and strong brand trust supports customer acquisition, including first-time and international investors
SBI Funds Management Risks
Depend on performance of Indian capital markets
The company’s performance is closely linked to Indian capital markets, making its QAAUM, revenues, and profitability sensitive to market conditions and investor sentiment. Any downturn, volatility, or adverse economic and regulatory developments may lead to reduced assets, higher redemptions, and pressure on fees and growth
Reputation risks
Underperformance of the company’s schemes compared to benchmarks or peers may lead to investor redemptions, difficulty in attracting new investments, and pressure on fees. This could also result in rating downgrades, negative publicity, and reputational damage, impacting overall growth
Liquidity risks
The company is exposed to liquidity risks in its debt and money market schemes, where inability to meet redemption requests on time may lead to investor dissatisfaction, regulatory action, and reputational damage. Market stress, low liquidity in certain securities, or large-scale redemptions could further impact asset realisation and scheme performance
IPO FAQs
This IPO consists of an offer for sale of up to Rs 9,812.9 crore, of 170,956,631 shares.
The promoter of the company is State Bank of India.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 545.0 - 574.0.
The IPO application opens on Jul 14, 2026 and closes on Jul 16, 2026.
The minimum lot size for the IPO is 26. The maximum lot size for the IPO is 338.
For all category investors, the minimum application amount for this IPO is Rs. 14,170.0, the maximum value for this IPO is Rs 194,012.0.
This IPO will be allotted on Jul 17, 2026.
The refund will be credited to your account on Jul 20, 2026.
The allotted shares will be credited to your demat on Jul 20, 2026.
SBI Funds Management Ltd.’s shares listed on the stock exchanges on Jul 21, 2026.