SBI Funds Management IPO GMP Day 1, Subscription Status Live Updates: The SBI Funds Management IPO, the asset manager behind SBI Mutual Fund, is officially open for subscription today, July 14. The company has set the price band between Rs 545 and Rs 574 per equity share. It seeks to raise Rs 9,813 crore entirely through an Offer for Sale (OFS).
The issue will close on July 16.
| Open | July 14 |
| Close | July 16 |
| GMP | 17% |
| Allotment | July 17 |
| Listing | July 21 |
| Price band | Rs 545 to Rs 574 |
SBI Funds IPO GMP up 17%
The IPO GMP is up 17.42%. This signals that the issue could potentially list at Rs 674, translating to a profit of Rs 2,600 on one lot for retail investors. However, GMP is not an official metric. The actual listing price could be very different.
SBI Funds IPO: Key details
Apart from that, the allotment of shares is expected to be finalised on July 17, while the listing on the exchanges, NSE and BSE, is likely to be on July 21, as per the tentative schedule.
Investors can read about the risks associated with the company, like SEBI’s new regulations, the change in investment trends, and the high royalty on this link.
About SBI Funds Management
SBI Funds Management is India’s largest asset management company by mutual fund Quarterly Average Assets Under Management (QAAUM), managing mutual fund QAAUM of Rs 12.50 lakh crore with a 15.3% market share as of March 31, 2026.
Live Updates
SBI Funds Management IPO Subscription Status, GMP Live: Anand Rathi Research on IPO valuation
SBI Funds maintains leadership across passive assets, PMS and B30 mutual fund assets, supported by a diversified product portfolio, an omnichannel distribution network and a retail investor base of 18 million unique investors.
“At the upper price band company is valuing at P/E at 38.1x and EV/EBITDA of 33.6x with to its FY26 earnings and market cap of Rs 1,16,914 crore post issue of equity shares. We believe that the IPO is fully priced and recommend a “Subscribe” rating to the IPO,” Anand Rathi Reasearh in an IPO note.
SBI Funds Management IPO Subscription Status, GMP Live: India’s largest AMC
SBI Funds Management is India’s largest asset management company (AMC). This is based on the mutual fund Quarterly Average Assets Under Management (QAAUM). SBI Funds Management has a mutual fund QAAUM of Rs 12.51 lakh crore and they command a 15.3% market share as of March 31, 2026.
As per the company, they have maintained leadership position since March 2021. If te Portfolio Management Services (PMS) and other advisory mandates are included, the total Quarterly Average Assets Under Management exceed Rs 29 lakh crore.
SBI Funds Management IPO Subscription Status, GMP Live: Anchor allotment
SBI Funds Management raised Rs 2,663 crore from 129 anchor investors ahead of its Rs 9,813 crore IPO. Shares were allocated at Rs 574 each. Prominent global participants included BlackRock, Goldman Sachs, Fidelity, Capital Group, and sovereign funds like ADIA and Singapore’s GIC.
SBI Funds Management IPO Subscription Status, GMP Live: Strong institutional franchise
SBI Funds has established a strong institutional franchise, supported by mandates from leading domestic and global institutions. The company has been selected as one of the preferred fund managers for managing a portion of a statutory provident fund institution’s equity investments, underscoring confidence in its investment capabilities. In 2023, it was also appointed as the sponsor and investment manager of the Corporate Debt Market Development Fund (CDMDF), a specialised Alternative Investment Fund established following the Union Budget 2022 to strengthen liquidity and resilience in India’s corporate bond market during periods of market stress.
SBI Funds Management IPO Subscription Status, GMP Live: About SBI Funds Management
SBI Funds Management is India’s largest asset management company by mutual fund Quarterly Average Assets Under Management (QAAUM), with a 15.3% market share as of March 31, 2026. The company operates an asset-light, fee-based business model through the management of mutual funds, Portfolio Management Services (PMS), Alternative Investment Funds (AIFs), Specialised Investment Funds (SIFs) and advisory mandates across equity, debt, hybrid, passive and overseas investment products.