SBI Funds Management Ltd will issue its initial public offering (IPO) on July 14, with the company fixing the price band at Rs. 545-574 per equity share, the company said in a press conference on Thursday held in Mumbai.
The three-day issue will close on July 16, while anchor investors can bid on July 13.
The IPO is entirely an offer for sale (OFS) of up to 20.37 crore equity shares. Based on the upper end of the price band, the issue is expected to raise around Rs. 11,692 crores. Investors can apply for a minimum of 26 equity shares and in multiples of 26 thereafter.
As of March 31, 2026, it managed mutual fund assets worth Rs. 12.51 lakh crore, accounting for a 15.3% share of the industry’s assets. Including portfolio management services and other advisory mandates, its total quarterly average AUM stood at Rs. 29.46 lakh crore.
The company is the country’s largest passive fund manager, with ETF and index fund assets of Rs. 4.06 lakh crore and a market share of 27.9%. It has retained its leadership position in both the overall AMC and passive fund segments since March 2021.
The book-running lead managers to the issue are Kotak Mahindra Capital, Axis Capital, BofA Securities India, HSBC Securities and Capital Markets (India), ICICI Securities, Jefferies India, JM Financial, Motilal Oswal Investment Advisors and SBI Capital Markets. KFin Technologies is the registrar of the issue.
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