SBI Funds Management IPO GMP today is Rs 96. Investors can use this GMP along with price band and subscription status for a better IPO review.
Listed
Mainboard IPO
SBIFUNDS
SBI Funds Management IPO GMP & Allotment
SBI Funds Management Limited is an asset management company that manages SBI Mutual Fund schemes and also offers portfolio management services (PMS), advisory services, and alternative investment funds (AIFs). It primarily earns management fees from these investment products, with mutual funds contributing most of its revenue. The company also provides digital platforms for investors and distributors, operates international subsidiaries offering offshore investment products, and manages assets across multiple asset classes under SEBI’s regulatory framework. Read more at The Daily Brief by Zerodha
- IPO Price Band
- ₹545.00 - ₹574.00
- Lot Size
- 26 Shares
- Bidding Closes
- 16 Jul 2026
- Listing Date
- 21 Jul 2026
Quick Answer & Highlights
SBI Funds Management IPO GMP Today & Key Takeaways
Last updated: 13 Jul 2026
SBI Funds Management IPO officially listed on 21 Jul 2026 at Rs 613.30, delivering a +6.85% listing gain compared to its issue price of Rs 574.00. Pre-listing, its final recorded Grey Market Premium (GMP) was ₹96.
SBI Funds Management IPO officially listed on 21 Jul 2026 at ₹613.30, delivering a +6.85% listing gain compared to its issue price of ₹574.00. Pre-listing, its final recorded Grey Market Premium (GMP) was ₹96.
| Key Metric | Figure | Status / Context |
|---|---|---|
| Current GMP | ₹96 | +16.72% vs upper band (13 Jul 2026) |
| Est. Listing Price | ₹613.30 | +6.85% Est. Listing Gain |
| Price Band | ₹545.00 - ₹574.00 | Mainboard IPO |
| Retail Minimum Investment | ₹14,924 | 1 Lot (26 Shares) |
| Bidding Window | 14 Jul 2026 – 16 Jul 2026 | Listed |
| Allotment & Listing Dates | Allotment: 17 Jul 2026 | Listing: 21 Jul 2026 |
Current GMP Status
₹96
+16.72% vs upper band
Est. Listing Gain
+6.85%
Last Trend
13 Jul 2026
Listing Price
₹613.30
Retail Entry
₹14,924
IPO Details
Complete IPO information
| IPO Open Date | 14 Jul 2026 |
|---|---|
| IPO Close Date | 16 Jul 2026 |
| IPO Price Band | ₹545.00 - ₹574.00 |
| Lot Size | 26 Shares |
| Current GMP | ₹96 |
| Estimated Listing Gain | +6.85% |
| Issue Size | Approx ₹9,812.91 Cr |
| Fresh Issue | - |
| Issue Type | Mainboard |
| IPO Listing | BSE, NSE |
| Retail Quota | TBA |
| Registrar | TBA |
| Overall Subscription | 41.66x |
| Minimum Investment | ₹14,924 |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus |
Analysis
IPO Snapshot & Investor Takeaways
At the upper end of its price band, SBI Funds Management is priced at ₹574 per share. With a minimum lot size of 26 shares, a retail investor applying for one lot would need approximately ₹14,924 to participate in this Mainboard issue.
The latest recorded Grey Market Premium for SBI Funds Management stands at ₹96, implying an estimated listing gain of around 16.72% over the issue price if it holds until listing. This is up ₹19 from its previously recorded level. GMP reflects informal grey-market sentiment rather than a guaranteed outcome, and can change at any point until the day of listing.
As of the latest update, SBI Funds Management's IPO was subscribed 41.66x overall, with a category-wise breakdown of Retail 3.6x, QIB 140.11x.
Among the strengths highlighted in SBI Funds Management's IPO documents: Largest asset management company in India by mutual fund QAAUM, benefiting from scale and operating leverage.; Strong SIP franchise with high investor retention and a large base of long-term systematic investors..
Investors should also weigh the risk factors SBI Funds Management has disclosed, including: Revenue and profitability depend heavily on QAAUM, making earnings sensitive to market movements and investor redemptions..
Mainboard IPOs list on the main platform of BSE/NSE, typically involve larger issue sizes, and draw participation across retail, HNI and institutional (QIB) investor categories.
Timeline
IPO roadmap at a glance
✓
Bidding Opens
14 Jul 2026
✓
Bidding Closes
16 Jul 2026
✓
Allotment
17 Jul 2026
✓
Listing
21 Jul 2026
| Event / Milestone | Scheduled Date | Status |
|---|---|---|
| Bidding Opens | 14 Jul 2026 | Completed |
| Bidding Closes | 16 Jul 2026 | Completed |
| Allotment | 17 Jul 2026 | Completed |
| Listing | 21 Jul 2026 | Completed |
Grey Market Premium
Daily GMP status
| Date | GMP | Change | Gain |
|---|---|---|---|
| 13 Jul 2026 | ₹89.00 | +₹19.00 | 15.51% |
| 09 Jul 2026 | ₹70.00 | -₹70.00 | 12.17% |
| 08 Jul 2026 | ₹140.00 | - | 24.35% |
Swipe to see more →
Market Lot
Application size breakdown
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 Lot | 26 | ₹14,924 |
| Retail Maximum | 13 Lot | 338 | ₹1,94,012 |
| S-HNI Minimum | 14 Lot | 364 | ₹2,08,936 |
| S-HNI Maximum | 67 Lot | 1,742 | ₹9,99,908 |
| B-HNI Minimum | 68 Lot | 1,768 | ₹10,14,832 |
Swipe to see more →
Fund Utilization
Objects of the Issue & Official Documents
Issue Notes
Important takeaways before applying
Strengths
- Largest asset management company in India by mutual fund QAAUM, benefiting from scale and operating leverage.
- Strong SIP franchise with high investor retention and a large base of long-term systematic investors.
- Backed by SBI’s distribution network and Amundi’s global asset management expertise.
- Wide pan-India distribution network covering most PIN codes through multiple channels.
- Robust technology platform supports large transaction volumes and strong digital investor engagement.
Risks
- Revenue and profitability depend heavily on QAAUM, making earnings sensitive to market movements and investor redemptions.
- Faces intense competition from other asset management companies and alternative investment products.
- A significant portion of revenue comes from managing SBI Mutual Fund schemes, creating customer concentration risk.
- Changes in regulations governing the asset management industry could affect operations and profitability.
- Poor investment performance of its schemes could reduce investor inflows and increase redemptions, impacting business growth.
Analysis
SBI Funds Management IPO Reservation
SBI Funds Management Limited has allocated its IPO shares among various investor categories in accordance with the SEBI regulations applicable to book-built public issues. The reservation structure is designed to ensure balanced participation from Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), and Retail Individual Investors (RIIs).
While the exact number of shares reserved for each category will be announced closer to the issue, the percentage allocation for institutional, non-institutional, and retail investors has been specified in the offer structure.
| Investor Category | Shares Offered | Shares (%) |
|---|---|---|
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | – Shares | 50% |
| NII Shares Offered | – Shares | 15% |
| Retail Shares Offered | – Shares | 35% |
Analysis
SBI Funds Management IPO Anchor Investors
SBI Funds Management Limited has reserved a portion of its IPO for Anchor Investors under the book-building process. Anchor investors generally comprise Qualified Institutional Buyers (QIBs), including mutual funds, insurance companies, banks, financial institutions, and foreign portfolio investors, who subscribe to the issue before it opens for public bidding.
Participation by anchor investors is often considered an indication of institutional confidence in the IPO. As per SEBI regulations, shares allotted to anchor investors are subject to mandatory lock-in periods before they become eligible for trading in the secondary market.
| Particular | Details |
|---|---|
| Anchor Bidding Date | 2026 |
| Anchor Investors List | |
| Shares Offered | [.] Shares |
| Anchor Size | [.] Cr. |
| Lock-in Period End Date for 50% Shares (30 Days) | 2026 |
| Lock-in Period End Date for Remaining 50% Shares (90 Days) | 2026 |
Note: The final anchor investor allocation, anchor issue size, and the list of participating institutional investors will be announced after the completion of the anchor book process. The allotted shares will remain subject to the applicable SEBI-prescribed lock-in requirements.
Analysis
SBI Funds Management IPO Dates
| Particular | Dates |
|---|---|
| IPO Open Date | 14 Jul 2026 |
| IPO Close Date | 16 Jul 2026 |
| Basis of Allotment | 17 Jul 2026 |
| Refunds | 20 Jul 2026 |
| Credit to Demat Account | 20 Jul 2026 |
| IPO Listing Date | 21 Jul 2026 |
Note: The timeline for SBI Funds Management IPO is tentative and subject to change.
Analysis
SBI Funds Management IPO Promoters and Holding Pattern
The promoters of SBI Funds Management Limited are State Bank of India, Amundi India Holding, and Amundi Asset Management. These promoters have played a significant role in the company's growth, governance, and expansion, helping it establish a strong presence in India's asset management industry.
Before the IPO, the promoter group collectively holds a substantial majority stake in the company. As the public issue consists entirely of an Offer for Sale (OFS), the promoter shareholding is expected to reduce after the completion of the IPO. The final post-issue shareholding will be disclosed upon completion of the offering.
| Particular | Shares | % Share |
|---|---|---|
| Promoter Holding Pre-Issue | 2,03,68,27,612 | 98.02% |
| Promoter Holding Post Issue | – | -% |
Note: The final post-issue promoter shareholding will be determined after the completion of the Offer for Sale (OFS) and allotment process, as disclosed in the company's final IPO documents.
Analysis
SBI Funds Management Objects of the Issue & Utilisation of Proceeds
| Purpose | Crores |
|---|---|
| Purpose | Crores |
| – | ₹- |
| – | ₹- |
| – | ₹- |
Note: Objectives are as specified in the DRHP/RHP documents of SBI Funds Management.
Analysis
SBI Funds Management - About IPO
With its incorporation in 1992, the SBI Funds Management is India’s oldest and largest Assest Management company, with an experience of 38 years in managing SBI Mutual Fund. It is backed by India’s largest bank, the State Bank of India, and it is a joint venture between Amundi and the State Bank of India. Along with India, the firm also has an international presence in Japan, Australia, and Korea with AUM of ₹232,090.37 million.
The firm manages a diversified portfolio of 126 mutual fund schemes across equity and equity-oriented, debt, arbitrage, ETFs, index, overseas fund-of-funds, and Liquid and overnight funds. As of December 31, 2025, the firm has offered its services to over 16.05 million investors and manages around ₹16.32 lakh crores of investors’ money.
Analysis
SBI Funds Management Company Financials
| Period | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2023 | ₹184.81 | ₹154.97 | - | - |
| 2024 | ₹206.45 | ₹175.85 | - | - |
| 2025 | ₹322.58 | ₹261.43 | - | - |
| Dec 2025 | ₹236.50 | ₹186.96 | - | - |
Note: Financial numbers for SBI Funds Management are in ₹ Crores unless stated otherwise.
Analysis
SBI Funds Management Company Valuation – FY2026
| KPI | Values |
|---|---|
| ROE | 43.02% |
| ROCE | -% |
| EBITDA Margin | 92.46% |
| PAT Margin | 61.65% |
| Debt to Equity Ratio | – |
| Earning Per Share (EPS) | 15.08 (Basic) |
| Price/Earning P/E Ratio | - |
| Return on Net Worth (RoNW) | 43.02% |
| Net Asset Value (NAV) | 29.28 |
Note: Valuation KPIs for SBI Funds Management are computed for FY2026.
Analysis
SBI Funds Management IPO Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Powerica Limited | 15.26 | - | - | - | - |
| Cummins India Limited | 72.15 | - | - | - | - |
| Kirloskar Oil Engines Limited | 33.71 | - | - | - | - |
| NTPC Green Energy Limited | 0.67 | - | - | - | - |
| Acme Solar Holdings Limited | 4.55 | - | - | - | - |
| Adani Green Energy Limited | 8.37 | - | - | - | - |
Note: Peer group comparisons for SBI Funds Management are sourced from DRHP filings.
Analysis
IPO Lead Managers aka Merchant Bankers
- Axis Capital Limited
- BofA Securities India Limited
- ICICI Securities Limited
- HSBC Securities and Capital Markets (India) Private Limited
- Kotak Mahindra Capital Company Limited
- Jefferies India Private Limited
- JM Financial Limited
- Motilal Oswal Investment Advisors Limited
- SBI Capital Markets Limited
Comparison
Compare SBI Funds Management IPO with similar IPOs
FAQ
SBI Funds Management IPO FAQs
Based on the latest Grey Market Premium (GMP) of Rs 96 and an issue price of Rs 574, the estimated listing price for SBI Funds Management IPO is Rs 670.00 (approx 16.72% listing gain). Actual listing price is determined by market demand on the listing day.
SBI Funds Management IPO price band is Rs 545.00 to Rs 574.00. Check the latest issue price, lot size and GMP together before applying.
SBI Funds Management IPO open date is 14 Jul 2026, close date is 16 Jul 2026, and listing date is 21 Jul 2026.
SBI Funds Management IPO lot size is 26 shares. The minimum retail investment is Rs 14,924.
SBI Funds Management is classified as a Mainboard IPO. This helps investors quickly understand the issue category and exchange segment.
SBI Funds Management IPO subscription status currently shows Retail 3.6x, QIB 140.11x, Overall 41.66x.
SBI Funds Management Limited is an asset management company that manages SBI Mutual Fund schemes and also offers portfolio management services (PMS), advisory services, and alternative investment funds (AIFs). It primarily earns management fees from these investment products, with mutual funds contributing most of its revenue. The company also provides digital platforms for investors and distributors, operates international subsidiaries offering offshore investment products, and manages assets across multiple asset classes under SEBI’s regulatory framework. Read more at The Daily Brief by Zerodha
SBI Funds Management IPO issue size is 9812.91 and the expected allotment date is 17 Jul 2026.
In our empirical study of 117 Indian IPO listings, positive GMP was followed by a positive listing gain 69.8% of the time. However, as an exact forecast, the median variation between GMP-implied gain and actual listing price was 8 percentage points. GMP reflects informal market sentiment and should always be evaluated alongside company valuation and fundamentals.
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