SBI Funds Management IPO to Launch on July 13, 2026

As per media reports, SBI Funds Management Limited, India's largest asset manager, is gearing up to open its long-awaited IPO on 13 July 2026, with the price band expected to be revealed on 9 July, citing sources familiar with the matter.

Having already secured final clearance from SEBI, the offering is being viewed as one of the standout public issues in India's financial services space this year.

Media reports peg the fundraise at roughly $1.2 billion (around ₹11,400 crore), placing it among the largest-ever listings in the country's asset management sector.

The company had submitted its Draft Red Herring Prospectus to SEBI back in March. Notably, the entire issue is structured as an offer for sale, meaning promoters State Bank of India and French partner Amundi will be offloading a portion of their existing stakes, while the fund house itself won't receive any money from the listing since there's no fresh share issuance involved.

SBI Funds Management IPO - Issue Details

• Issue Type: Book Building IPO
• Issue Size: 20.37 crore equity shares
• Fresh Issue: Not Applicable
• Offer for Sale (OFS): 20.37 crore equity shares
• Face Value: ₹1 per equity share
• Price Band: Yet to be announced
• Lot Size: Yet to be announced
• 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

About SBI Funds Management Limited

Established in 1987, SBI Funds Management Limited is India’s largest Asset Management Company (AMC) by quarterly average assets under management, with QAAUM at ₹12,49,970 Crore.

The company is a joint venture between State Bank of India and Amundi Asset Management, offering a diversified range of mutual fund products across equity, debt, hybrid, ETF, and passive investment categories, catering to retail, HNI, and institutional investors.

With a strong distribution network, digital presence, and a large investor base, SBI Funds Management Limited has consistently remained among the top fund houses in India in terms of assets under management (AUM). As of December 31, 2025, the company had a mutual fund market share of 15.4%

Financial Performance

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