SBI Funds Management Ltd has fixed the price band of ₹ 545 to ₹ 574 per Equity Share of face value ₹1/- each for its maiden initial public offer. The Initial Public Offering of the Company will open on Tuesday, 14 July 2026, for subscription and close on Thursday, 16 July, 2026. Investors can bid for a minimum of 26 Equity Shares and in multiples of 26 Equity Shares thereafter. The IPO is an offer-for-sale for up to 203,709,239 Equity shares of face value of ₹1 each.
- Issue Opens: July 14, 2026
- Issue Closes: July 16, 2026
- Face Value: Rs 1
- Price Band: Rs 545 – 574 per share
- Minimum Bid Lot: 26 Equity Shares
- Listing: BSE & NSE
Originally incorporated in 1992, the company is the largest asset management company by quarterly average mutual fund assets under management with QAAUM of ₹12,509.98 billion and a mutual fund market share of 15.3% as of March 31, 2026. Including its Portfolio Management Services and other advisory mandates its total QAAUM was ₹29,461.05 billion as at March 31, 2026. The company is India’s oldest AMC, acting as the investment manager to SBI Mutual Fund, which commenced operations in June 1987 as the first mutual fund entity outside the Unit Trust of India.
The company is also India’s largest passive (exchange traded fund (“ETF”) and index funds) asset manager with passive (ETF and index funds) QAAUM of ₹4,055.26 billion representing a market share of 27.9% as at March 31, 2026, a leadership position it has held since March 2021.
Its total QAAUM has grown at a compound annual growth rate of 14.22% between March 31, 2024, and March 31, 2026, while its mutual fund QAAUM has grown at a CAGR of 16.97% during the same period. The company’s equity, equity-oriented and equity-hybrids QAAUM grew at a CAGR of 21.79% during the same period. The Offer is being made through the book-building process.
