SBI Funds Management IPO: India’s largest asset management company SBI Funds Management, which witnessed a strong 41.73x subscription on the final day of its bidding on Thursday, will see its IPO allotment today, July 17. Investors might be able to check their allotment status in the evening today. They will also get a bank debit message if their allotment is approved.
On the last day of bidding on Thursday, the Rs 9,813-crore mainboard issue received a 41.73x subscription, garnering bids for 5,19,86,04,944 shares as against the 12,45,63,536 shares on offer. Its retail category received a 3.76x subscription, while the qualified institutional buyer (QIB) quota received a whopping 140.11x subscription. The non-institutional investor (NII) category received a 22.51x
subscription.
The public issue open for public subscription between July 14 and July 16. The stock is scheduled to be listed on both the BSE and the NSE on July 21.
Ahead of the public issue, parent State Bank of India (SBI) sold a 1.42% stake in the company to 30 institutional investors for Rs 1,655 crore in a pre-IPO placement at Rs 574 per share, the upper end of the IPO price band.
SBI Funds Management IPO Allotment Today: A Step-By-Step Guide To Check Status Online
The SBI Funds Management IPO allotment is expected to be finalised in the evening today, July 17. The allotment status can be checked online by following these steps:
1) Visit registrar Kfin Technologies’ portal – https://ipostatus.kfintech.com/.
2) Under ‘Select IPO’, select ‘SBI Funds Management Ltd’ from the drop box.
3) Enter your application number, demat account, or permanent account number (PAN).
5) Then, click on the ‘Submit’ button.
Your share application status will appear on your screen.
Via the BSE
1) Go to the official BSE website via the URL — https://www.bseindia.com/investors/appli_check.aspx.
2) Under ‘Issue Type’, select ‘Equity’.
3) Under ‘Issue Name’, select ‘SBI Funds Management Limited’ in the drop box.
4) Enter your application number, or the Permanent Account Number (PAN). Those who want to check their allotment status via PAN can select the ‘Permanent Account Number’ option.
5) Then, click on the ‘I am not a robot’ to verify yourself and hit the ‘Search’ option.
Your share application status will appear on your screen.
Via NSE’s Website
The allotment status can also be checked on the NSE’s website at https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids.
SBI Funds Management IPO GMP Today
According to market observers, SBI Funds Management shares were commanding a grey market premium (GMP) of around Rs 97 per share on Friday, compared with Rs 91 on Thursday.
Based on the upper price band of Rs 574, the GMP indicates a potential listing price of around Rs 671 per share, which is a 16.90 per cent listing gain. However, investors should note that the grey market is unofficial and GMP keeps changing based on investor sentiments.
SBI Funds Management IPO: Key Dates
The IPO opened for public subscription on Tuesday, July 14, and closed on Thursday, July 16. The basis of allotment is likely to be finalised in the evening on July 17, while refunds and credit of shares to successful bidders are expected on July 20. The shares are scheduled to list on the BSE and NSE on July 21.
SBI Funds Management IPO: Price Band
The company fixed the price band at Rs 545-574 per equity share. The pre-IPO placement was also carried out at Rs 574 per share, indicating strong institutional demand ahead of the public issue.
SBI Funds Management IPO Size
The IPO is entirely an offer for sale (OFS) worth around Rs 9,812.91 crore. The company will not receive any proceeds from the issue. State Bank of India and Amundi India Holding will together sell around 10% of the company’s paid-up equity capital. SBI will offload up to 12.83 crore shares, while Amundi India Holding will sell up to 7.54 crore shares.
At the upper end of the price band, SBI Funds Management is valued at around Rs 1.17 lakh crore.
Who Bought Shares In The Pre-IPO Placement?
SBI sold a 1.415% stake, or 2.88 crore equity shares, to 30 investors for Rs 1,655 crore. Investors in the pre-IPO placement include 360 ONE funds, Tata AIG General Insurance Company, Go Digit General Insurance, Bennett Coleman, Anand Rathi Global Finance, Capri Global Ventures and Carnelian Bharat Amritkaal Fund, among others.
SBI Funds Management IPO: Should You Apply?
Anand Rathi has assigned a “Subscribe” rating to the SBI Funds Management IPO, citing the company’s leadership position in India’s asset management industry and its strong business fundamentals.
In its IPO note, the brokerage said, “SBI Funds Management Limited is India’s largest asset management company (AMC) 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), Specialized Investment Funds (SIFs) and advisory mandates across equity, debt, hybrid, passive and overseas investment products.”
The brokerage added, “Backed by its joint promoters, State Bank of India (SBI) and Amundi Asset Management, the company benefits from SBI’s extensive domestic distribution network and Amundi’s global asset management expertise. SBI Funds also 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 18.0 million unique investors.”
Commenting on the valuation, Anand Rathi said, “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.11,69,139 million post issue of equity shares. We believe that the IPO is fully priced and recommend a ‘Subscribe’ rating to the IPO.”
Shivani Nyati, Head of Wealth at Swastika Investmart Ltd, has also recommended subscribing to the issue for long-term gains. “India’s largest AMC with Rs 12.5 lakh crore QAAUM, a strong SIP franchise, and a robust SBI-Amundi distribution network.”
Commenting on the valuation, Nyati said, “Valued at 38.12x FY26 EPS, below the industry average of 41.64x, offering reasonable valuations. Strong RoNW of 43.02% with 81.56% EBITDA margin, reflecting a highly profitable asset-light business.”
She, however, noted that the issue is entirely an Offer for Sale (OFS). “A 100% Offer for Sale (OFS) with no fresh capital infusion; earnings remain linked to AUM growth and market performance. Subscribe for long-term investors on scale, margins, and relative valuation comfort,” she added.
About SBI Funds Management
SBI Funds Management is India’s largest asset management company with assets under management (AUM) of over Rs 13 lakh crore.
The company is a joint venture between State Bank of India and Amundi, Europe’s largest asset manager. Apart from mutual funds, it manages EPFO investments and is expanding its international asset management business.
The company aims to double its international assets under management to USD 5 billion over the next three years while also expanding its presence in GIFT City and the alternatives segment.
/images/ppid_a911dc6a-image-178468682494877885.webp)
/images/ppid_59c68470-image-178468507070578196.webp)
/images/ppid_59c68470-image-178468507844859435.webp)
/images/ppid_59c68470-image-178468504440030388.webp)
/images/ppid_59c68470-image-178468510996182750.webp)
/images/ppid_59c68470-image-178468504207220753.webp)
