SBI Funds Management IPO Opens Today: Check Price Band, Timeline & Key Details

SBI Funds Management Limited’s IPO opened for subscription today, July 14, 2026, with a price band of ₹545-₹574 per equity share. The issue, previously estimated at around ₹11,692.91 crore, has been revised to approximately ₹9,812.91 crore following the completion of the company’s pre-IPO placement.

The reduction in the offer size follows SBI Funds Management’s raising of ₹1,880 crore through pre-IPO share sale transactions. The revised issue comprises approximately 17.09 crore equity shares and is an entirely offer-for-sale (OFS).

The public issue will remain open for subscription until July 16. Following the closure of the issue, the basis of allotment is expected to be finalised on July 17. Shares allotted to investors are likely to be credited on July 20, with SBI Funds Management’s equity shares scheduled to list on the National Stock Exchange (NSE) and BSE on July 21, 2026.

SBI Funds Management IPO – Issue Details

• Issue Type: Book Built Issue (OFS Only)
• Total Issue Size: Up to ₹9,812.91 crore 
• Fresh Issue: Not Applicable
• 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
• Minimum Investment Amount (Retail Investor): ₹14,924 (26 shares) (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:

Note: The allotment and listing dates are tentative and may be revised.

Explore other Upcoming IPOs on BSE and NSE.

SBI Mutual Fund IPO Category-wise Investment Limits

The application size for each category is as follows: 

The minimum investment amount for each category, based on the upper price band of ₹574 per share, is as follows:

SBI Funds Management IPO Structure: Pure OFS Issue

The proposed SBI Funds Management 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 July 9, 2026.

As the issue does not include a fresh issue of shares, SBI Funds Management will not receive any funds from the IPO. The proceeds from the offering will instead go to the existing shareholders selling their stake through the OFS route.

About SBI Funds Management Limited

Incorporated in 1992, SBI Funds Management Limited (SBIFM) is the investment manager of SBI Mutual Fund and one of India’s leading asset management companies. A joint venture between State Bank of India and Amundi Asset Management, the company offers mutual funds, PMS, AIFs, SIFs, and advisory services across various investment categories.

As of December 31, 2025, SBI Funds Management managed quarterly average assets under management (QAAUM) of ₹29.04 lakh crore and served over 16.05 million investors. The company accounted for around 15.5% of India’s mutual fund industry AUM in 2025 and operates through a nationwide distribution network and digital platforms.

Key Financial Highlights 

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