TL;DR
The IPO size of SBI Funds Management is now reduced to ₹9,813 crore.
Opening of the IPO is set on July 14, 2026 and closing will be on July 16, 2026.
Promoters SBI and Amundi completed a ₹1,880 crore pre-IPO placement.
The revised IPO consists of up to 17.09 crore shares, or 8.39% of paid-up equity capital, through OFS.
Shares are expected to list on the NSE and BSE on July 21, 2026.
SBI Funds Management IPO
India’s largest asset manager SBI Funds Management has revised the size of its upcoming initial public offering after a successful pre-IPO placement. The original plan of the SBI MF IPO comprised 20.37 equity crore equity shares worth ₹11,692.9 crore, representing 10% of its paid-up equity capital. (Source: Outlook Business dated July 12, 2026)
After the pre-IPO transaction, the IPO now consists of up to 170.9 crore shares worth ₹9,813 crore. This represents up to 8.39% of the company’s paid-up capital.
SBI Funds IPO Price Band and Valuation
The SBI Funds Management IPO price band has been fixed at ₹545 to ₹574 per equity share. At the upper end of the price band, the company is valued at approximately ₹1,16,913.9 crore.
The issue is fully OFS. Therefore, the proceeds will go to the selling shareholders, State Bank of India and Amundi India Holding, and not to SBI Funds Management itself.
Also Read: Why SBI Funds Management Raising ₹2,000 crore
Why did the SBI IPO Size Fall?
The IPO was revised after SBI and Amundi India Holding sold shares in a pre-IPO round on July 9, with the share transfer completed on July 10. The promoters sold a combined 3.27 crore shares, equivalent to a 1.6% stake, to 30 institutional and marquee investors.
SBI sold 2.88 crores shares for about ₹1,655 crore while Amundi sold 39.19 lakhs shares for approximately ₹225 crore. The combined transaction value stood at around ₹1,880 crore executed at the IPO’s upper-band price of ₹574 per share.
SBI and Amundi Shareholding After Pre-IPO Sale
Following the Pre-IPO placement, SBI holds 60.32% in SBI Funds Management, while Amundi India Holding owns 36.06%.
Under the revised public offer, SBI will sell up to 9.95 crore shares or 4.8851% and Amundi India Holding will sell up to 7.14 crore shares or 3.5082%.
SBI Funds Management IPO Share Reservation
Category | Reservation |
QIBs | 50% of the issue |
NIIs | 15% of the issue |
Retail investors | 35% of the issue |
SBI shareholders | Up to 1.3 crore equity shares, worth nearly ₹750 crore at the upper price band |
SBI employees | Shares reserved worth about ₹170 crore; |
Source: livemint dated 10.7.2026
Eligible employees of SBI Funds Management and SBI will receive a ₹54 per-share discount.
About SBI Funds Management
SBI Funds Management is the investment manager of SBI Mutual Fund and also provides advisory services to offshore clients. Its IPO is among the most closely tracked listings in India’s asset-management industry, given its position as the country’s largest asset manager.
The company’s listing is also notable because the issue is a promoter stake sale, not a capital raising exercise for business expansion.
Conclusion
The reduction in SBI Funds Management’s IPO size to ₹9,813 crore comes after a ₹1,880 crore pre-IPO placement. It is not because of any weak demand or a lower valuation.
Since the marquee investors picked up shares at ₹574 each, the upper end of the IPO price band, the focus now shifts to retail subscription demand when the SBI Funds IPO opens on July 14, 2026.
FAQs
What is the revised size of SBI Funds Management IPO?
After revision, the reduced SBI Funds Management IPO size is ₹9,813 crore. But, originally it was ₹11,692.9 crore.
Why was the SBI Funds IPO size reduced?
The issue size was reduced after Amundi and SBI sold a combined 1.6% stake through a ₹1,880 crore pre-IPO placement.
What is the price band of SBI Fund Management’s IPO?
The price band is ₹545-₹574 per equity share.
