SBI Funds Management IPO: The ₹11,692.90 crore initial public offering of India's largest fund house, SBI Funds Management Ltd, will open for subscription on July 14. The issue, with a price band of ₹545 to ₹574 per share, will conclude on July 16. A lot consists of 26 shares.
The issue is an exclusive offer for sale (OFS) of 20.37 crore equity shares by promoters State Bank of India and Amundi India Holding.
"Our company expects that listing of the equity shares will enhance our visibility and brand image as well as provide a public market for the equity shares in India," the company said in its red herring prospectus (RHP).
SBI Funds Management IPO shareholder quota
SBI Funds Management, which manages SBI Mutual Fund, has reserved 13,055,629 shares worth ₹749.39 crore (6.41% of the issue) for the eligible shareholders of the State Bank of India (SBI).
Applying under the SBI shareholder reservation quota and retail individual investors' portion increases the chances for IPO allotment. However, it does not guarantee allotment.
Only eligible State Bank of India (SBI) shareholders (i.e. individuals and HUFs who are equity shareholders of SBI) as at the date of filing RHP would be eligible to apply in this IPO under the SBI Shareholder Reservation Portion, according to final issue documents.
Investors who held SBI shares on or before July 7 would be eligible to apply under the shareholders' quota.
SBI Funds Management is India's largest asset management company (AMC) by quarterly average mutual fund assets under management (QAAUM), with a QAAUM of ₹12,509.98 billion and mutual fund market share of 15.3% as of March 31, 2026.