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SBI Funds Management IPO
Price Band
₹545.0–574.0
Issue Size
₹9812.91 Cr
Lot Size
26 shares
Min Investment
₹14,924
GMP
+₹95.5 (16.64%)
Issue Price
₹574.0
Subject to Sauda
₹1900
Paid only if allotted
SBI Funds Management IPO AI Summary
- SBI Funds Management IPO is listed on BSE, NSE in the Asset Management Company sector.
- Price band: ₹545.0–₹574.0 per share, lot size 26 shares (min. investment ₹14,924).
- Subscription window: 14 Jul–16 Jul 2026, listing on 21 Jul 2026.
- Current GMP is +₹95.5 (16.64%), an estimated listing price of ₹670 — unofficial and can change daily.
SBI Funds Management Ltd is set to make a significant impact in the market with its IPO, leveraging its position as India's largest asset management company. With strong financials and a robust subscription response, this IPO presents a noteworthy opportunity for investors.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
SBI Funds Management IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 16 Jul 2026 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Overall Subscription
41.73x
| Category | Subscription | Status |
|---|---|---|
| QIB (Institutional) |
140.11x
|
140x 🔥 |
| NII (HNI) |
22.51x
|
23x ✓ |
| ↳ bNII (>₹10L) |
26.01x
|
26x ✓ |
| ↳ sNII (<₹10L) |
15.51x
|
16x ✓ |
| Retail (RII) |
3.76x
|
3.76x |
| Shareholder |
9.52x
|
9.52x |
| Employee |
4.65x
|
4.65x |
| Total | 41.73x | 41.73x |
Auto-updated every 5 min · As of 16th Jul 2026 18:56
SBI Funds Management IPO Grey Market Premium (GMP) Today
GMP
+₹95.5
GMP %
+16.64%
Est. Listing
₹669.5
Updated: 21 Jul 2026 08:15
GMP Trend (Last 8 Days)
About the Company
SBI Funds Management Ltd, incorporated in 1992, is India's largest asset management company (AMC) by assets under management (AUM). The company manages the flagship SBI Mutual Fund and operates as a joint venture between State Bank of India and Amundi. Its product portfolio includes equity, debt, hybrid, index, and exchange-traded funds (ETFs), along with portfolio management services (PMS) designed to meet the needs of both retail and institutional investors. As of 2025, the company oversees approximately ₹16.32 lakh crore in AUM, accounting for nearly 15.5% of the Indian mutual fund industry's total assets. As of December 31, 2025, SBI Funds Management Ltd serves more than 16.05 million investors across individual and institutional segments. The company offers a comprehensive range of 126 mutual fund schemes spanning multiple investment categories, including: Equity and equity-oriented schemes Debt and fixed-income funds Arbitrage funds Exchange Traded Funds (ETFs) Index funds International fund-of-funds Liquid and overnight funds Beyond its domestic operations, the company has established a significant international investment presence through multiple global mandates: Managing India-focused institutional investment mandates in Japan, Australia, and South Korea with assets of ₹232,090.37 million. Supporting UCITS India-focused funds sponsored by Amundi, with AUM of ₹86,816.48 million and distribution across Europe, the Middle East, South America, and Southeast Asia. Providing advisory services for Amundi's Global Emerging Markets funds, overseeing India-related assets worth ₹145,839.65 million. Key Competitive Strengths Leading Position in the Indian AMC Industry As the country's largest mutual fund asset manager by AUM, the company benefits from strong market leadership, operational scale, and sustained industry growth. Dominant Presence in PMS and SIF SBI Funds Management is India's largest portfolio management services provider, holding a 39% share of PMS and advisory assets, while also operating the leading Specialized Investment Fund (SIF) platform with a 61% market share. Robust SIP Investor Base With a 16.09% share of live SIP accounts, the company has built a strong recurring investment franchise backed by high investor confidence. Disciplined Investment Framework A structured, research-driven investment process supports consistent fund performance while enabling continuous product development. Extensive Nationwide Distribution Its diversified distribution network across India enhances customer reach and strengthens investor accessibility. Technology-Driven Operations The company leverages digital platforms, automation, and data analytics to enhance customer experience, operational efficiency, and investment services.
Company Financials (₹ Cr)
As of 2026-03-31
| 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 |
Key Ratios
EPS
₹15.06
NAV
₹40.85
ROE
33.77%
RoNW
33.77%
P/B Value
14.05
P/E Ratio
38.12
Market Cap
₹116913.90 Cr
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| UTI Asset Management Company | 350.5 | 11.22% | 31.57 | 31.51 | 31.41 |
| Aditya Birla Sun Life Asset Management Company | 139.94 | 25.53% | 34.46 | 33.76 | 33.68 |
| Nippon Life India Asset Management | 73.01 | 34.5% | 51.1 | 24.05 | 23.63 |
| HDFC Asset Management Company | 215.42 | 32.9% | 41.71 | 66.77 | 66.5 |
| ICICI Prudential Asset Management Company | 84.39 | 85.8% | 49.38 | 66.73 | 66.73 |
| Our Company This IPO | 29.28 | 43.02% | — | 15.08 | 15.04 |
Promoters
State Bank of India, Amundi India Holding and Amundi Asset Management
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹3,426.08 Cr in the year ending 31 Mar 2024, rising to ₹4,236.15 Cr by 31 Mar 2025, and further increasing to ₹4,976.11 Cr by 31 Mar 2026.
Profit Trend
Profit after tax was ₹2,072.79 Cr in the year ending 31 Mar 2024, increasing to ₹2,540.15 Cr by 31 Mar 2025, and further rising to ₹3,067.38 Cr by 31 Mar 2026.
Valuation
The company's implied P/E at the issue price of ₹574.0 is approximately 38.12, compared to peers trading at a P/E range of 31.57 to 51.1.
Grey Market Premium, Explained
The grey market premium (GMP) indicates the expected price at which an IPO might list on the stock exchange, based on unofficial trading in the shares before they are officially listed. A higher GMP suggests strong demand and potential listing gains.
Subscription Demand
The IPO was heavily subscribed, with a total subscription of 41.73 times. The institutional category saw the highest demand at 140.11 times, followed by non-institutional investors at 22.51 times. Retail investors subscribed 3.76 times.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. It's important to consider the company's market position and growth potential.
Who May Want to Wait
Investors who are risk-averse or those seeking guaranteed returns may want to avoid IPOs like this, as they can be subject to market fluctuations and uncertainties.
IPO Timeline, Explained
The IPO opens on 14th July 2026 and closes on 16th July 2026. Allotment of shares is expected on 17th July 2026, with the listing date set for 21st July 2026.
Listing Gains — The Risk
Listing-day gains can be unpredictable and are influenced by market sentiment, demand for the shares, and overall market conditions. Investors should be aware that while some IPOs may list at a premium, others may not.
This evaluation is generated from SBI Funds Management's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is SBI Funds Management IPO GMP today?
SBI Funds Management IPO GMP today is +₹95.5 (16.64%), indicating an estimated listing price of ₹670. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of SBI Funds Management IPO?
The price band of SBI Funds Management IPO is ₹545.0–₹574.0 per share.
When does SBI Funds Management IPO open and close?
SBI Funds Management IPO opens on 14 July 2026 and closes on 16 July 2026.
When does SBI Funds Management IPO list on the stock exchange?
SBI Funds Management IPO listed on 21 July 2026 at ₹669.5.
What is the lot size for SBI Funds Management IPO?
The lot size for SBI Funds Management IPO is 26 shares, requiring a minimum investment of ₹14,924.
What is the price band for the IPO?
The price band for the IPO is ₹545.0 to ₹574.0.
What is the minimum investment required?
The minimum investment required is ₹14,924.0.
What is the lot size for the IPO?
The lot size for the IPO is 26 shares.
When is the listing date?
The listing date is 21st July 2026.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the shares based on unofficial trading.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
14 Jul 2026
Close
16 Jul 2026
Allotment
17 Jul 2026
Listing
21 Jul 2026
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