SBI Funds Management Limited, the investment manager of SBI Mutual Fund, has opened its initial public offering (IPO) for subscription in July 2026. The SBI Funds Management IPO is a public issue by one of India’s largest asset management companies (AMCs), with the shares proposed to be listed on BSE and NSE.
For investors tracking live IPOs, the main details to review are the offer timeline, price band, lot size, issue structure, financial performance and the stated objects of the issue.
SBI Funds Management IPO details and timeline
The SBI Funds Management IPO opened for public subscription on Tuesday, July 14, 2026, and is scheduled to close on Thursday, July 16, 2026. The anchor investor bidding date was Monday, July 13, 2026, during which the company mobilised ₹2,662.96 crore.
| Offer opens | Tuesday, July 14, 2026 |
| Offer closes | Thursday, July 16, 2026 |
| Anchor investor bidding date | Monday, July 13, 2026; mobilised ₹2,662.96 crore |
| Price band | ₹545 to ₹574 per equity share |
| Lot size | 26 shares |
| Minimum investment | ₹14,924 (at the upper price band) |
| Issue size | ₹9,812.91 crore; 100% OFS of 17,09,56,631 equity shares |
| Listing | Proposed listing on BSE and NSE |
| Tentative schedule | Allotment on July 17, 2026; listing on July 21, 2026 |
An anchor investor bidding date is a separate window generally held one business day before the IPO opens for public subscription. It is meant for qualified institutional buyers such as mutual funds, insurance companies and foreign portfolio investors. Anchor participation can indicate institutional demand, but it should not be treated as a recommendation or assurance of listing performance.
About SBI Funds Management Limited
SBI Funds Management Limited was established in 1992 and acts as the investment manager of SBI Mutual Fund. The company operates as a joint venture between State Bank of India (SBI) and Amundi Asset Management through Amundi India Holding.
The company offers a diversified set of investment products and services, including domestic mutual funds, exchange-traded funds (ETFs), alternative investment funds (AIFs), portfolio management services (PMS) and advisory services.
SBI Funds Management has a market share of around 15.5% of India’s total mutual fund industry assets under management. Its distribution is supported by SBI’s branch network, along with digital channels and other distribution partnerships.
Financial snapshot
SBI Funds Management has reported growth in income and profit over the last three financial years.
(The values are in crores)
| Particulars (₹ crore) | FY26 | FY25 | FY24 |
| Total income | 4,976.11 | 4,236.15 | 3,426.08 |
| Revenue from operations | 4,389.50 | 3,597.76 | 2,690.56 |
| EBITDA | 4,058.44 | 3,412.94 | 2,718.82 |
| Profit after tax | 3,067.38 | 2,540.15 | 2,072.79 |
Objects of the issue
The SBI Funds Management IPO is structured entirely as an Offer for Sale. This means the company will not receive any fresh capital from the public issue.
The selling shareholders are State Bank of India and Amundi India Holding. SBI is divesting up to 9.95 crore equity shares, while Amundi India Holding is divesting up to 7.14 crore equity shares.
Since there is no fresh issue component, the proceeds will go to the selling promoter shareholders after deducting applicable offer-related expenses. Investors evaluating the IPO should distinguish between an OFS and a fresh capital raise, as the proceeds from an OFS do not go toward business expansion or balance sheet funding for the company.
Disclaimer: This article is for informational purposes only and should not be considered investment advice. Investors should conduct their own due diligence and consult with a financial advisor before making any investment decisions.
