India's Largest AMC SBI Funds Management IPO Opens for Subscription: Check GMP and Key Details

On Tuesday, July 14, 2026, India's largest asset management company, SBI Funds Management, opened its initial public offering (IPO) for subscription. The company is raising up to Rs 9,812.90 crore through the public issue, which will remain open until July 16, 2026. At the upper end of the price band, SBI Funds Management is seeking a market valuation of around Rs 1.17 lakh crore.

SBI Funds Management IPO Snapshot

The IPO has a minimum lot size of 26 shares. At the upper price band of Rs 574 per share, retail investors will need a minimum investment of Rs 14,924 for one lot. The issue is expected to list on BSE and NSE on July 21, 2026.

Rs 9,812.90 Crore IPO Entirely An Offer For Sale

The IPO is entirely an Offer for Sale, with no fresh issue of shares. Therefore, SBI Funds Management will not receive proceeds from the public offer. The issue comprises 17,09,56,631 equity shares and aggregates up to approximately Rs 9,813 crore.

The selling shareholders are State Bank of India and Amundi, the joint venture partners of SBI Funds Management. The public issue follows a pre-IPO placement by SBI.

SBI Funds Management IPO GMP At Rs 93

The SBI Funds Management IPO is commanding a grey market premium of Rs 93, according to the GMP data provided. Based on the upper price band of Rs 574, the GMP indicates an estimated price of Rs 667 per share, representing an implied premium of around 16.20 per cent.
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IPO Time Period

The IPO opened for subscription on Tuesday, July 14, 2026, and will close on Thursday, July 16, 2026. The tentative allotment date is July 17, while refunds and credit of shares are scheduled for July 20. The shares are expected to list on BSE and NSE on July 21, 2026.

India's Largest Asset Management Company

SBI Funds Management is India's largest asset manager and is a joint venture between State Bank of India and Amundi. The company manages around Rs 12.5 lakh crore in assets and has a market share of around 15 per cent in India's Mutual Fund industry.

The company benefits from a distribution network that includes more than 23,000 SBI bank branches and over 1.32 lakh distributors. At the upper price band of Rs 574, SBI Funds Management is seeking a market valuation of approximately Rs 1.17 lakh crore.

What are your thoughts on SBI Funds Management's Rs 9,812.90 crore IPO and Rs 93 GMP? Share your views in the comments below.
Disclaimer: The article is for informational purposes only and not investment advice.