- Issue price
- ₹574per share
- Issue size
- ₹9,795.32 Cr17,09,56,631 shares
- Face value
- ₹1per equity share
- Lot size
- 26 sharesMin. ₹14,924 at the upper price
- OpensTue, 2026
- ClosesThu, 2026
- AllotmentFri, 2026
- ListingTue, 2026
Dates marked in the offer document as tentative. Times in IST.
Information only, not investment advice. This page provides information compiled from official offer documents for information purposes only. It is not investment advice or a recommendation to apply for, buy or sell any security. We are not a SEBI-registered investment adviser or research analyst. Investments in IPOs are subject to market risks; read the offer document carefully before investing.
Issue details
- Issue type
- Book built, fresh issue and offer for sale
- Fresh issue
- 0 shares
- Offer for sale
- 17,09,56,631 shares (₹9,795.32 Cr)
- Total issue
- 17,09,56,631 shares (₹9,795.32 Cr)
- Face value
- ₹1
- Listing at
- NSE, BSE
Source: ProspectusUpdated
Reservation
Share of the total issue- Retail31.7%
- Anchor27.1%
- QIB ex-anchor18.1%
- NII13.6%
- Shareholders7.6%
- Employees1.9%
| Category | Shares | Of net offer | Stated in RHP |
|---|---|---|---|
| Retail individual investors | 5,41,25,280 | 31.66% | 35% |
| Non-institutional investors (NII) | 2,31,96,549 | 13.57% | 15% |
| Qualified institutional buyers (QIB) | 7,73,21,826 | 45.23% | 50% |
| QIB, excluding anchor | 3,09,28,731 | 18.09% | — |
| Anchor investors | 4,63,93,095 | 27.14% | — |
| Employees | 32,57,347 | 1.91% | — |
| Shareholders | 1,30,55,629 | 7.64% | — |
Source: ProspectusUpdated
Special quotas
- Employees
- ₹54 discount per share
Source: ProspectusUpdated
Subscription
Category-wise subscription is published by the exchanges while the issue is open. It appears here once the figures are added.
Valuation
FY 2025-26- EPS (basic)
- ₹15.08
- EPS (diluted)
- ₹15.04
- P/E
- 38.06×
- RoNW
- 43.02%
- NAV per share (As on March 31, 2026)
- ₹29.28
Source: ProspectusUpdated
Financials
Standalone, restated · ₹ crore| Period ended | 31 Mar 2026FY 2025-26 | 31 Mar 2025FY 2024-25 | 31 Mar 2024FY 2023-24 |
|---|---|---|---|
| Revenue from operations | 4,389.49 | 3,597.76 | 2,690.56 |
| Total income | 4,976.11 | 4,236.15 | 3,426.08 |
| EBITDA | 4,058.44 | 3,412.94 | 2,718.82 |
| Profit after tax | 3,067.38 | 2,540.15 | 2,072.79 |
| Net worth | 5,963.06 | 8,297.53 | 6,747.75 |
| Reserves and surplus | 5,759.38 | 8,246.75 | 6,697.17 |
| Total assets | 6,420.45 | 8,771.86 | 7,106.93 |
FY 2025-26 vs FY 2024-25: revenue +22.0%, profit after tax +20.8%.
Source: ProspectusUpdated
About the company
The company is India's largest asset management company by mutual fund QAAUM and acts as investment manager to SBI Mutual Fund. It also offers portfolio management, alternative investment funds and advisory mandates, with a retail-focused distribution network.
- Incorporated
- 1992
- Industry
- Asset Management
- CIN
- U65990MH1992PLC065289
Source: ProspectusUpdated
Promoters and shareholders
| Name | Before issue | After issue | Shares offered |
|---|---|---|---|
| State Bank of India | 60.44% | — | 9,95,01,649 |
| Amundi India Holding | 36.14% | — | 7,14,54,982 |
Source: ProspectusUpdated
Objects of the issue
₹ crore| Purpose | Amount |
|---|---|
| Offer for sale of equity shares by the promoter selling shareholders; the company receives no proceeds | 9,795.32 |
Source: ProspectusUpdated
Peer comparison
As listed in the offer document| Company | EPS | P/E | RoNW | NAV per share |
|---|---|---|---|---|
| SBI Funds Management LimitedIssuer | ₹15.08 | 38.06× | 43.02% | ₹29.28 |
| ICICI Prudential Asset Management Company Limited | ₹49.38 | 66.73× | 85.80% | ₹84.39 |
| HDFC Asset Management Company Limited | ₹41.71 | 66.77× | 32.90% | ₹215.42 |
| Nippon Life India Asset Management Limited | ₹24.05 | 51.10× | 34.50% | ₹73.01 |
| Aditya Birla Sun Life Asset Management Company Limited | ₹33.76 | 34.46× | 25.53% | ₹139.94 |
| UTI Asset Management Company Limited | ₹31.51 | 31.57× | 11.22% | ₹350.5 |
Source: ProspectusUpdated
Strengths and risks
Our summary of what the offer document statesStrengths
- Largest mutual fund AMC in India by QAAUM, with a 15.3% market share as of March 31, 2026.
- Large SIP base of 16.21 million live SIPs backed by SBI and Amundi distribution.
- Pan-India distribution network including branches, IFAs and digital channels such as YONO and InvesTap.
- Consistent revenue and profit growth across FY2024 to FY2026, with high return on equity.
- Dual parentage combining SBI's domestic franchise with Amundi's global asset management expertise.
Risks
- Revenue depends heavily on management fees linked to AUM, which fall in market downturns or redemptions.
- Management fees form about 96% of revenue, so changes in fee rates or fund mix could hurt profits.
- Market downturns can trigger a compounding effect of NAV falls, redemptions and SIP discontinuance.
- Debt and liquid schemes face liquidity risk during market stress, with possible forced sales.
- The company will receive no offer proceeds, and the offer is wholly an offer for sale by promoters.
Source: ProspectusUpdated
Documents
Contacts
Source: ProspectusUpdated
Allotment status
Check whether shares were allotted on the official pages below, using your PAN, application number or DP/client ID. Results appear once the basis of allotment is finalised.
- Allotment
- Refunds
- Demat credit
- Listing
Source: ProspectusUpdated
After listing
Listing price, day-one high and low, and the change from the issue price (₹574) appear here after the shares list on NSE and BSE.
Work out the gain or loss on allotted shares after charges and tax →
Frequently asked questions
When does the SBI Funds Management IPO open and close?
According to the Prospectus, the issue opens on Tuesday, 14 July 2026 and closes on Thursday, 16 July 2026.
What is the SBI Funds Management IPO price band?
The final issue price is ₹574 per share.
What is the lot size of the SBI Funds Management IPO?
One lot is 26 shares, which is ₹14,924 at ₹574 per share.
Where will SBI Funds Management shares list?
On NSE and BSE. The tentative listing date is Tuesday, 21 July 2026.
Who is the registrar of the issue?
KFin Technologies Limited (SEBI registration INR000000221). Allotment status is checked on the registrar's website.
How do I check the SBI Funds Management IPO allotment status?
The basis of allotment is expected to be finalised on Friday, 17 July 2026. After that, search by PAN, application number or DP/client ID on the registrar's website (KFin Technologies Limited), the NSE website or the BSE website. Shares that are allotted are credited to your demat account; for an application that is not allotted, the blocked amount is released.
How will the money raised be used?
₹9,795.32 Cr for offer for sale of equity shares by the promoter selling shareholders; the company receives no proceeds.
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Spotted something wrong?
Our data comes from official offer documents, but mistakes can slip through. Report an error and tell us which figure looks wrong and where you saw the correct one (the offer-document page number helps). For anything else, see Contact.