SBI Funds Management has fixed the price band for its initial public offering (IPO) at ₹545-574 per share. The public issue will open for subscription on July 14 and close on July 16, while anchor investors can bid a day earlier on July 13.
The IPO is worth about ₹11,693 crore, making it the biggest public issue in India this year. It is entirely an Offer for Sale (OFS), which means the company will not receive any money from the issue. Instead, existing shareholders State Bank of India (SBI) and Amundi India Holding will sell part of their stakes.
At the upper end of the price band, SBI Funds Management is valued at around ₹1.17 lakh crore. The company is India’s largest mutual fund manager, with assets worth nearly ₹12.5 trillion under management as of March 2026.
The IPO has reserved shares for institutional investors, retail investors, eligible SBI shareholders and employees. Employees will get a ₹54 per share discount, while the minimum application size has been fixed at 26 shares.
The shares are expected to be listed on the BSE and NSE on July 21, subject to successful allotment and regulatory approvals. Market experts expect strong investor interest, given the company’s leadership in the mutual fund industry and the steady rise in retail participation through SIPs.