SBI Funds Management IPO Day 2: 68% Subscribed So Far
The much-anticipated ₹9,812.91-crore SBI Funds Management IPO has entered its second day of subscription today. As of 07:00 P.M. yesterday, the issue was subscribed 0.68 times.
The issue will remain open until tomorrow, i.e., 16 July 2026. The basis of allotment (BoA) is expected to be finalised on 17 July 2026, and the shares are tentatively scheduled to list on the NSE and BSE on 21 July 2026.
SBI Funds Management IPO - Issue Details
- Issue Type: Book-Built Issue (OFS Only)
- Total Issue Size: Up to ₹9,812.91 crore
- Offer for Sale (OFS): Up to ₹9,812.91 crore
- Face Value: ₹1 per equity share
- Price Band: ₹545 to ₹574
- Lot Size: 26 shares per lot
- Minimum Investment Amount (Retail Investor): ₹14,924 per lot (based on upper price)
- Listing: NSE, BSE
- Book Running Lead Managers: Kotak Mahindra Capital Company Limited, Axis Capital Limited, BofA Securities India Limited, HSBC Securities and Capital Markets (India) Private Limited, ICICI Securities Limited, Jefferies India Private Limited, JM Financial Limited, Motilal Oswal Investment Advisors Limited and SBI Capital Markets Limited.
- Registrar: KFin Technologies Limited
SBI Mutual Fund IPO Timeline (Tentative)
The expected IPO schedule is as follows:
|
Event |
Date |
|
Anchor Investors Bidding Date |
13 July 2026 |
|
IPO Opening Date |
14 July 2026 |
|
IPO Closing Date |
16 July 2026 |
|
Basis of Allotment Finalisation |
17 July 2026 |
|
Refund Initiation Date |
20 July 2026 |
|
Credit of Shares to Demat Accounts |
20 July 2026 |
|
Listing on BSE and NSE |
21 July 2026 |
Note: The allotment and listing dates are tentative and may be revised.
SBI Funds Management IPO Day 2 Subscription Status
[14 July 2026, 07:00 P.M.]
|
Category |
Subscription (x) |
|
Qualified Institutional Buyers (QIBs) |
0.08x |
|
Non-Institutional Investors (NIIs) |
1.39x |
|
Retail Individual Investors (RIIs) |
0.62x |
|
Employees |
1.02x |
|
Shareholders |
1.04x |
|
Total |
0.68x |
SBI Funds Management IPO Structure: Pure OFS Issue
The proposed IPO is entirely an Offer for Sale (OFS) of up to 17.09 crore equity shares by the existing shareholders of SBI Funds Management.
- State Bank of India (SBI) will divest up to 9.95 crore equity shares and
- Amundi India Holding will sell up to 7.14 crore equity shares.
The revised OFS size follows the pre-IPO share sale transactions, wherein SBI sold 2.88 crore equity shares, and Amundi India Holding sold 39.19 lakh equity shares through share purchase agreements dated 9 July 2026.
About SBI Funds Management Limited
Incorporated in 1992, SBI Funds Management Limited (SBIFM) serves as the investment manager of SBI Mutual Fund and is among India's leading asset management companies. A joint venture between the State Bank of India and Amundi Asset Management, the company provides a range of investment solutions, including mutual funds, portfolio management services (PMS), alternative investment funds (AIFs), specialised investment funds (SIFs), and advisory services across multiple asset classes.
As of 31 December 2025, SBI Funds Management reported quarterly average assets under management (QAAUM) of ₹29.04 lakh crore and catered to more than 16.05 million investors. The company held approximately 15.5% of India's mutual fund industry AUM in 2025 and distributes its products through an extensive nationwide network, as well as digital investment platforms.
Key Financial Highlights
|
Particulars |
FY25 (in ₹ crore) |
FY24 (in ₹ crore) |
FY23 (in ₹ crore) |
|
Revenue from operations |
3,597.76 |
2,690.56 |
2,161.59 |
|
EBITDA |
3,412.94 |
2,718.82 |
1,810.41 |
|
Profit After Tax |
2,540.15 |
2,072.79 |
1,339.71 |
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