SBI Funds Management IPO
Bookbuilding IPO | ₹9,813.00 Cr | Listing at BSE, NSE
IPO Open
Tue, Jul 14, 2026
IPO Close
Thu, Jul 16, 2026
Price Band
₹545.00 to ₹574.00
Market Cap (Pre-IPO)
₹116,913.90 Cr
IPO Details
| IPO Date | Jul 14, 2026 to Jul 16, 2026 |
| Listing Date | Tentative: Jul 21, 2026 |
| Face Value | ₹1.00 per share |
| Price Band | ₹545.00 to ₹574.00 |
| Lot Size | 26 Shares (Minimum: ₹14,924.00) |
| Sale Type | Offer For Sale |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Issue Size | ₹9,813.00 Crores |
| Total Shares Offered | 170,956,631 shares |
| Fresh Issue | 170,956,631 shares |
| Offer For Sale | 170,956,631 shares |
SBI Funds Management IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Offer |
| Retail Shares Offered | Not less than 35% of the Offer |
| NII Shares Offered | Not less than 15.0% of the Offer |
SBI Funds Management IPO Lot Size
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 | ₹194,012 |
| S-HNI (Min) | 14 | 364 | ₹208,936 |
| S-HNI (Max) | 67 | 1,742 | ₹999,908 |
| B-HNI (Min) | 68 | 1,768 | ₹1,014,832 |
SBI Funds Management Financial Information (Restated Consolidated)
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 |
| Total Borrowing | - | - | - |
Amount in ₹ Cr
Key Performance Indicators
As of Tuesday, March 31, 2026| KPI | Values |
|---|---|
| ROE (Return on Equity) | 33.77% |
| ROCE (Return on Capital Employed) | 33.77% |
| EBITDA Margin | 94.86% |
| Price to Book Value | 14.05 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 15.06 | 15.06 |
| P/E (x) | 38.12 | 38.12 |
| Promoter Holding | 98.02% | 89.79% |
Company Promoters
- State Bank of India
- Amundi India Holding and Amundi Asset Management
Company Overview
SBI Funds Management Ltd. – Company Overview
- SBI Funds Management Ltd. is India's largest asset management company (AMC) by Assets Under Management (AUM) and manages SBI Mutual Fund.
- Established in 1992, the company is a joint venture between State Bank of India (SBI) and Amundi.
- The company offers a wide range of investment products, including equity funds, debt funds, hybrid funds, ETFs, index funds, liquid funds, overseas fund-of-funds, arbitrage funds, and Portfolio Management Services (PMS).
- As of 2025, the company managed approximately ₹16.32 lakh crore in AUM, representing around 15.5% of India's mutual fund industry AUM.
- As of December 31, 2025, the company served over 16.05 million investors, including retail and institutional clients.
- It manages a diversified portfolio of 126 mutual fund schemes across various investment categories.
- The company also has a global investment presence, managing India-focused mandates, UCITS funds, and advisory services for international investors across Japan, Australia, Korea, Europe, the Middle East, South America, and Southeast Asia.
Company 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.
SBI Funds Management IPO Peer Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Our Company | 15.08 | 15.04 | 29.28 | - | 43.02 | - | Consolidated |
| ICICI Prudential Asset Management Company | 66.73 | 66.73 | 84.39 | 49.38 | 85.80 | - | Consolidated |
| HDFC Asset Management Company | 66.77 | 66.50 | 215.42 | 41.71 | 32.90 | - | Consolidated |
| Nippon Life India Asset Management | 24.05 | 23.63 | 73.01 | 51.10 | 34.50 | - | Consolidated |
| Aditya Birla Sun Life Asset Management Company | 33.76 | 33.68 | 139.94 | 34.46 | 25.53 | - | Consolidated |
| UTI Asset Management Company | 31.51 | 31.41 | 350.50 | 31.57 | 11.22 | - | Consolidated |
Quick Info
| Sector | Financial Services |
| Exchange | BSE, NSE |
| Market Cap (Pre-IPO) | ₹116,913.90 Cr |
Important Dates
| IPO Open | Jul 14, 2026 |
| IPO Close | Jul 16, 2026 |
| Allotment Date | Jul 17, 2026 |
| Credit to Demat | Jul 20, 2026 |
| Listing Date | Tentative: Jul 21, 2026 |
Lead Manager(s)
Kotak Mahindra Capital Co.Ltd.
Registrar
Description
IPO Type: Book build issue aggregating to ₹9,812.91 crores.
Issue Structure: Entirely an offer for sale (OFS) of 17.10 crore shares totaling ₹9,812.91 crores.
IPO Dates: The issue opens on July 14, 2026 and closes on July 16, 2026.
Allotment Date: The allotment is expected to be finalized on July 17, 2026.
Listing Details: The shares are proposed to be listed on both National Stock Exchange of India and BSE Limited on July 21, 2026.
Retail Investment Requirement: Minimum 1 lot (26 shares) amounting to approximately ₹14,924 (at the upper price band).
sNII Investment Requirement: Minimum 14 lots (364 shares) amounting to approximately ₹2,08,936.
bNII Investment Requirement: Minimum 68 lots (1,768 shares) amounting to approximately ₹10,14,832.
Issue Price Band: ₹545 to ₹574 per equity share.
Lot Size: 26 shares per lot.
This IPO offers investors an opportunity to participate in the asset management industry through an offer for sale by the existing shareholders.