SBI Funds Management IPO

SBI Funds Management Limited is a listed issue, offered in a price band of ₹574 to ₹574 per share, in lots of 26 shares. Every figure below is taken from the issue's own filings and exchange disclosures.

Issue details

Price band

₹574 – ₹574

Lot size

26 shares

Minimum investment

₹14,924

Issue size

₹9,813 Cr

Fresh issue

—

Offer for sale

—

Opens

14 Jul 2026

Closes

16 Jul 2026

Listing date

21 Jul 2026

Registrar

KFin Technologies Limited

Symbol

SBIFUNDS

One lot of 26 shares at the upper band price of ₹574 is ₹14,924 — the smallest retail application this issue accepts.

Lead managers: Kotak Mahindra Capital Company Limited, Axis Capital Limited.

Subscription status

How many times the issue has been applied for, by investor category, as reported by the exchange at 16 Jul 2026, 07:05 pm IST.

Grey market premium (GMP)

Latest reported GMP

₹96

Implied over upper band

16.70%

As of

21 Jul 2026, 07:06 pm IST

How the reported premium has moved. The trend matters more than any single reading — a premium that is drifting down into the close is a different signal from one holding firm.

Grey Market Premium is an unofficial, unregulated over-the-counter datapoint reported by third parties. It is not a price, a forecast, or an indication of listing gains, and is not investment advice.

Reported financials

As disclosed in the offer document. Figures in ₹ crore unless the filing states otherwise.

Strengths disclosed in the offer document

• SBI Funds Management Limited is India's largest AMC by mutual fund QAAUM with a market share of 15.3% as of March 31, 2026.
• The company has the lowest operating expense ratio among the top 10 AMCs in India.
• SBI Funds Management Limited has dedicated research teams covering over 450 companies and 250 fixed income issuers.
• The company has a market-leading SIP franchise with 16.21 million live SIPs, representing a market share of approximately 15.5% by SIP count.
• SBI Funds Management Limited benefits from dual parentage, combining SBI's domestic distribution franchise with Amundi's global asset management capabilities.
• The company has a process-driven investment framework with a demonstrated track record of product innovation and consistent investment performance.
• SBI Funds Management Limited maintains a pan-India distribution network encompassing 132,519 institutional and individual MFDs, including 122,460 IFAs, 9,964 NDs, and 95 banks.

Risk factors disclosed in the offer document

• The company's revenues and profitability are directly linked to its quarterly average assets under management (QAAUM), and any material decline or changes in the composition of QAAUM could significantly impact its financial performance.
• A market downturn can simultaneously drive mark-to-market depreciation of scheme portfolios and higher redemptions and SIP discontinuance rates, leading to a disproportionately large decline in AUM and management fee income.
• A portion of the company's mutual fund QAAUM and revenue from mutual fund operations is concentrated in a limited number of schemes, and any adverse developments affecting these schemes could materially affect its business.
• The company is subject to strict regulatory requirements and prudential norms, and failure to comply with these laws, regulations, and norms may have an adverse effect on its reputation, registration, business, financial condition, results of operations, and cash flows.
• The company faces competition from other asset management companies and alternative investment products, which could adversely affect its market share, pricing, and profitability.
• The company does not own the 'SBI' trademark or the 'SBI Funds Management' logo, and termination of the SBI Trademark License Agreement or any inability to use the 'SBI' name or logo may materially and adversely affect its business, prospects, financial condition, and results of operations.
• The company is dependent on its Key Management Personnel, Senior Management, fund managers and investment team, and the loss of their services or high employee attrition could adversely affect its business.

These are the company's own disclosures, not Alphave's assessment. Read the offer document →

What this page will not tell you

Whether to apply

Alphave is NISM-certified, not a SEBI-registered research analyst. There is no rating, verdict or recommendation on this issue anywhere on this page.

What it will list at

Nobody knows, and GMP is not a forecast of it. It is an unofficial over-the-counter quote reported by third parties, shown here with its source time so you can judge how stale it is.

Your allotment

Allotment is decided by the registrar (KFin Technologies Limited) after the issue closes. Track the whole calendar in the IPO Centre.

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