SBI Funds Management IPO
Market Sentiment
IPO Details
Market Lot Size
IPO Reservation
Day-wise Subscription (times subscribed)
Financial Analysis
| Metric | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| Revenue | 2,412.58 | 3,426.08 | 4,236.15 | 4,976.11 |
| Expense | 641.71 | 752.46 | 871.81 | 970.62 |
| Profit (PAT) | 1,339.71 | 2,072.79 | 2,540.15 | 3,067.38 |
| Total Assets | 4,984.24 | 7,106.93 | 8,771.86 | 6,420.45 |
| Company | EPS | P/E | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| ICICI Prudential Asset Management Company Limited | 66.73 | 49.38 | 85.80 | 84.39 | 5,764.63 Cr |
| HDFC Asset Management Company Limited | 66.77 | 41.71 | 32.90 | 215.42 | 4,122.16 Cr |
| Nippon Life India Asset Management Limited | 24.05 | 51.10 | 34.50 | 73.01 | 2,708.74 Cr |
| Aditya Birla Sun Life Asset Management Company Limited | 33.76 | 34.46 | 25.53 | 139.94 | 1,845.03 Cr |
| UTI Asset Management Company Limited | 31.51 | 31.57 | 11.22 | 350.50 | 1,698.05 Cr |
Promoters: State Bank of India, Amundi India Holding and Amundi Asset Management
| Shareholding | No. of Shares | Holding % |
|---|---|---|
| Promoter Holding Pre Issue | 2,03,68,27,612 | 98.02% |
| Promoter Holding Post Issue | 2,03,68,27,612 | 88.00% |
Strengths & Risks
- Heavily oversubscribed — 41.7x overall (so far).
- Strong institutional (QIB) demand — 140.1x.
- Revenue grew 17% in the latest reported year.
- Solid profit margin — 61.6%.
- Strong return on equity — 43%.
Our metrics didn't flag a major concern for SBI Funds Management from the disclosed data — but this isn't a clean bill of health. Read the risk-factors section of the RHP, which lists company-specific risks our data can't capture.
Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. Informational only — not investment advice. Always read the RHP before applying.
Company Information
With its incorporation in 1992, the SBI Funds Management is India’s oldest and largest Assest Management company, with an experience of 38 years in managing SBI Mutual Fund. It is backed by India’s largest bank, the State Bank of India, and it is a joint venture between Amundi and the State Bank of India. Along with India, the firm also has an international presence in Japan, Australia, and Korea with AUM of ₹232,090.37 million. The firm manages a diversified portfolio of 126 mutual fund schemes across equity and equity-oriented, debt, arbitrage, ETFs, index, overseas fund-of-funds, and Liquid and overnight funds. As of December 31, 2025, the firm has offered its services to over 16.05 million investors and manages around ₹16.32 lakh crores of investors’ money.
Resources & Documents
SBI Funds Management Ltd., 9 th Floor, Crescenzo, C – 38 & 39, G Block, Bandra Kurla Complex, Bandra (East), Mumbai, Maharashtra, 400051
SBI Funds Management has set a price band of Rs 545–Rs 575 per share for an issue size of Rs 9,813 crore. The stock listed with a 6.66% gain versus its issue price on July 21, 2026.
With its incorporation in 1992, the SBI Funds Management is India’s oldest and largest Assest Management company, with an experience of 38 years in managing SBI Mutual Fund. It is backed by India’s largest bank, the State Bank of India, and it is a joint venture between Amundi and the State Bank of India.
The issue is promoted by State Bank of India, Amundi India Holding and Amundi Asset Management with Axis Capital Limited, BofA Securities India Limited, ICICI Securities Limited, HSBC Securities and Capital Markets (India) Private Limited, Kotak Mahindra Capital Company Limited,… acting as lead manager.
Grey market is quoting a premium of +Rs 102 (+17.7% over issue price), up Rs 18 from the previous session. Final subscription data records overall subscription at 41.66x, retail at 3.59x, QIB at 140.11x, NII at 22.51x.
At the upper end of the price band, the issue is priced at a post-issue P/E of 38.12x. On fundamentals, the company is posting revenue growth of 17.5%, a profit margin of 61.6%, return on equity of 43.0% in its most recent reported period. Listed peers in this segment include ICICI Prudential Asset Management Company Limited (P/E 49.38x) and HDFC Asset Management Company Limited (P/E 41.71x) — useful reference points when evaluating the issue's pricing relative to where the broader sector are trading.
Our data-driven engine currently flags this issue as a Subscribe call — the composite picture tilts favourable, though not without some caveats. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
SBI Funds Management IPO GMP — What It Means
The latest grey market premium for SBI Funds Management IPO is ₹102 (+17.7%). GMP is an unofficial, dealer-quoted figure that hints at expected listing-day demand — it is not a guaranteed listing price. For SBI Funds Management it should be read alongside the subscription numbers and the company's fundamentals, since grey-market premiums can swing sharply during the bidding window.
See the full SBI Funds Management GMP history and trend, or learn how grey market premium works and how reliable it is.
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