SBI Funds Managment Limited
Bookbuilding IPO · NSE, BSE
- Price band
- ₹545 – ₹574
- Lot size
- 26 shares
- Issue amount
- ₹9,795.31 cr
- Total subscription
- 41.66×
- Opens
- 14 Jul 2026
- Closes
- 16 Jul 2026
- Allotment
- 17 Jul 2026
- Listing
- 21 Jul 2026
Offer at a glance
Issue overview
- Issue size
- 17,09,56,631 shares
- Face value
- ₹1 Per Share
- Minimum investment
- ₹14,170
- Fresh issue
- ₹0 cr
- Offer for sale
- ₹9,795.31 cr
- Registrar
- Kfin Technologies Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,924
- Issue type
- Bookbuilding IPO
- Shares before issue
- 2,03,68,27,612
- Shares after issue
- 2,03,68,27,612
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 26 | ₹14,924 |
| sHNI | 14 | 364 | ₹2,08,936 |
| bHNI | 68 | 1,768 | ₹10,14,832 |
Share reservation
Subscription & GMP
Subscription by category
Reported 16 Jul 2026
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| RETAIL | 20,81,742 | 49,28,541 |
| EMPLOYEES | 0 | 1,26,736 |
| HNIs(10L +) | 42,485 | 2,12,130 |
| HNIs (2-10L) | 21,242 | 2,99,120 |
| Shareholder | 0 | 1,13,817 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 1,775.31 | 2,48,729.81 |
| FIIs | 0 | 88,158.52 |
| FIs | 0 | 1,22,197.34 |
| Mutual Funds | 0 | 14,111.43 |
| Others | 0 | 24,262.52 |
| RETAIL | 3,106.79 | 11,174.5 |
| HNIs 2+ | 443.83 | 6,885.96 |
| HNIs 10+ | 887.65 | 23,087.43 |
| EMPLOYEES | 186.97 | 869.61 |
| Shareholder | 749.39 | 7,132.73 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| EPS | 15.08 | 12.53 | 10.29 |
| ROE | 43.02 | 33.77 | 36.05 |
| ROCE | 0 | 0 | 0 |
| RONW | 0 | 0 | 0 |
| PRE IPO(PE) | 38.06 | 0 | 0 |
| POST IPO(PE) | 0 | 0 | 0 |
Values and labels as reported in the issue data.
Peer comparison
| Company | P/E(X) | CMP* (₹) | Face value (₹) | NAV/Share (₹) | RONW(%) | EPS (Basic) (₹) |
|---|---|---|---|---|---|---|
| ICICI Prudential Asset Management Company Limited | 49.38 | 0 | 1.00 | 84.39 | 85.80 | 66.73 |
| HDFC Asset Management Company Limited | 41.71 | 0 | 5.00 | 215.42 | 32.90 | 66.77 |
| Nippon Life India Asset Management Limited | 51.10 | 0 | 10.00 | 73.01 | 34.50 | 24.05 |
| Aditya Birla Sun Life Asset Management Company Limited | 34.46 | 0 | 5.00 | 139.94 | 25.53 | 33.76 |
| UTI Asset Management Company Limited | 31.57 | 0 | 10.00 | 350.50 | 11.22 | 31.51 |
| SBI Funds Management Limited | 38.06 | 0 | 1 | 29.28 | 43.02 | 15.08 |
Company information
Company profile
SBI Funds Management Ltd, established in 1992, is India’s largest asset management company based on assets under management and manages the well-known SBI Mutual Fund as a joint venture between State Bank of India and Amundi. The company offers a wide range of investment products including equity, debt, hybrid funds, ETFs, and portfolio management services, catering to both individual and institutional investors. As of 2025, it manages around ₹16.32 lakh crore in assets, accounting for about 15.5% of the total mutual fund AUM in India, and serves over 16.05 million investors. It operates a diversified portfolio of 126 schemes across categories such as equity, debt, arbitrage, ETFs, index funds, overseas fund-of-funds, and liquid and overnight funds. The company also has a strong global presence, managing India-focused mandates for institutional investors in countries like Japan, Australia, and Korea, along with UCITS funds distributed across Europe, the Middle East, South America, and Southeast Asia, and providing advisory services for Amundi’s global emerging market funds with significant India-related assets.
Strengths
- Market Leadership: The company is India's largest Portfolio Management Services (PMS) provider and the leading Specialized Investment Fund (SIF) platform by assets under management.
- Strong Parentage: Backed by SBI and Amundi, the company benefits from strong financial support, wide distribution, and global investment expertise.
- Wide Distribution Network: Its extensive network of distributors, bank partnerships, branches, and digital platforms helps it reach customers across India.
Risk factors
- AUM-Linked Revenue Risk: The company's revenue depends on its assets under management. A decline in AUM may reduce earnings.
- Capital Market Dependency: Business performance is closely linked to market conditions. Weak markets or high volatility may affect growth and profitability.
- Investment Performance Risk: Poor fund performance compared to peers or benchmarks could lead to lower investor inflows and higher redemptions.
Promoters
State Bank of India
Amundi India Holding
Amundi Asset Management
Registrar & documents
Lead manager
Kotak Mahindra Capital Company, Axis Capital Limited, Bofa Securities India Limited, Hsbc Securities & Capital Markets Private Limited, ICICI Securities Limited, Jefferies India Private Limited, Jm Financial Limited, Motilal Oswal Investment Advisors Limited, SBI Capital Markets Limited
Registrar & contacts
Kfin Technologies Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
9 th Floor, Crescenzo C – 38 & 39, G Block Bandra Kurla Complex, Bandra (East) Mumbai, Maharashtra, 400051
+91 22 6179 3000
[email protected]Company website ↗Understanding SBIFUNDS IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.