SBI Funds Management Ltd IPO opens July 14, 2026, closes July 16, 2026, and lists on July 21, 2026 on NSE, BSE. Price band: ₹545-₹574, lot size 26 shares (₹14,924 minimum). Latest GMP: +₹97 as of July 17, 2026, implying an estimated listing around ₹671 (16.9% above the ₹574 issue price). Subscribed 41.66x overall.
As of July 17, 2026, the grey market premium (GMP) for SBI Funds Management IPO is +₹97, implying an estimated listing price of ₹671 — a 16.9% premium to the ₹574 upper price band. GMP is an unofficial grey-market signal, not a SEBI-regulated price, and can move sharply before the July 21, 2026 listing.
✓Final subscription 41.66x overall with QIB bidding 140.11x — ~₹3 lakh crore of demand against a ₹9,813 crore issue
✓India's largest AMC by quarterly average AUM with ~15.3% mutual fund market share (as of March 2026)
✓Backed by State Bank of India (61.86% pre-issue) and Amundi Asset Management (36.33% pre-issue)
⚠Entirely offer-for-sale — company receives no fresh capital from the issue
⚠AUM and revenue are tied to equity/debt market cycles and fund-flow sentiment
About SBI Funds Management Ltd
SBI Funds Management Ltd is the investment manager of SBI Mutual Fund and India's largest asset management company by quarterly average AUM. It is a joint venture between State Bank of India and France's Amundi Asset Management, with a 38-year track record managing mutual fund schemes.
What is the SBI Funds Management Ltd IPO subscription status?
As of July 17, 2026, SBI Funds Management IPO is subscribed 41.66x overall — QIB 140.11x, NII 22.51x, retail 3.76x. Strong QIB demand alongside a positive GMP is a more reliable signal than GMP alone.
Overall Subscription41.66x
QIB (Institutional)140.11x
NII (HNI)22.51x
Retail3.76x
How to apply for SBI Funds Management IPO
You apply for any IPO through a demat and trading account using UPI or ASBA during the bidding window. If you don't have one yet, you can open a demat account online in a few minutes. Some investors also keep a second demat account to submit an additional application under a different PAN in the household and improve allotment odds.
Disclosure: stoicHQ may earn a commission when you open a demat account through links on this page, at no extra cost to you. stoicHQ is not SEBI registered and does not provide investment advice; broker information is factual and for comparison only. Verify current charges on the broker's official site before opening an account.
How to check SBI Funds Management Ltd IPO allotment status
SBI Funds Management IPO allotment is expected on July 17, 2026. To check: open the registrar (KFin Technologies), select “SBI Funds Management IPO”, and enter your PAN, application number, or DP/Client ID. Refunds for unallotted applications begin July 20, 2026; shares are credited to demat by July 20, 2026.
SBI Funds Management IPO is scheduled to list on NSE, BSE on July 21, 2026. Based on the current grey market premium of ₹97, the estimated listing price is around ₹671 (16.9% gain versus the ₹574 upper price band). GMP is unofficial and can move sharply in the final days before listing.
Frequently Asked Questions
What is the SBI Funds Management Ltd IPO GMP today?
As of July 17, 2026, the grey market premium (GMP) for SBI Funds Management IPO is ₹97, implying an estimated listing around ₹671 (16.9% over the ₹574 upper price band). GMP is an unofficial, unregulated grey-market signal and can change sharply before listing.
What is the SBI Funds Management Ltd IPO subscription status?
SBI Funds Management IPO was subscribed 41.66x overall (QIB 140.11x, NII 22.51x, retail 3.76x). Subscription is a stronger demand signal than GMP alone — strong QIB subscription combined with positive GMP is the most reliable indicator.
When is SBI Funds Management Ltd IPO allotment date and how do I check it?
SBI Funds Management IPO allotment is expected on July 17, 2026. Check your allotment on the registrar's site (KFin Technologies, https://ipostatus.kfintech.com/) using your PAN, application number, or DP/Client ID. Refunds begin July 20, 2026 and shares are credited to demat by July 20, 2026.
When is SBI Funds Management Ltd IPO listing date?
SBI Funds Management IPO is scheduled to list on NSE, BSE on July 21, 2026.
What is the lot size and minimum investment for SBI Funds Management Ltd IPO?
The lot size is 26 shares and the minimum retail investment is ₹14,924 at the upper price band of ₹545-₹574.
Should I apply to the SBI Funds Management Ltd IPO?
This is not investment advice. Positives: Final subscription 41.66x overall with QIB bidding 140.11x — ~₹3 lakh crore of demand against a ₹9,813 crore issue. Risks: Entirely offer-for-sale — company receives no fresh capital from the issue. Weigh GMP, subscription, valuation and use of proceeds together, and read the RHP before applying.
Get IPO GMP alerts by email
We notify you when high-GMP IPOs open for subscription. One email per IPO, no noise.