SBI Funds Management’s IPO will open for subscription on July 14. Its price band has been fixed at Rs 545-574 per equity share. The issue will close on July 16 and investors can bid for a minimum of 26 equity shares.
SBI Funds Management Ltd has set the price band for its initial public offering (IPO) at Rs 545-574 per equity share, and the public issue is scheduled to open for subscription on July 14, according to a statement from the public sector lender. This IPO will be open for subscription till Thursday, July 16.
According to the statement issued, investors can bid for a minimum of 26 equity shares and thereafter in multiples of 26 equity shares. The price band has been set in the range of Rs 545 to Rs 574 for each equity share of face value of Rs 1/-. “The Company’s Initial Public Offering (“IPO” or “Offer”) will open for subscription on Tuesday, July 14, 2026 and close on Thursday, July 16, 2026. Investors can bid for a minimum of 26 Equity Shares and in multiples of 26 Equity Shares thereafter,” the statement said.
Offer for Sale and Pre-IPO Placement
According to the statement, this IPO is an offer-for-sale of up to 203,709,239 equity shares of face value Rs 1 each. The company has raised about Rs 1,656 crore through pre-IPO placement. According to a corporate filing by State Bank of India dated July 9, 2026, SBI Funds Management allotted 2.88 crore equity shares at Rs 574 per share to a group of anchor investors.
According to the statement, at the upper end of the price band of Rs 574 per share, the valuation of the IPO is around Rs 11,692 crore, while at the lower end of Rs 545 per share, the issue size is around Rs 11,102 crore. The pre-IPO round was participated by investors including 3P India Equity Fund 1, Tata AIG General Insurance Company Limited, Dimon Asia Multi-Strategy Investment (Singapore) Pte Ltd, and Bennett Coleman & Company Limited.
change in share capital
After the allotment of 2.88 crore equity shares, the paid-up equity share capital of the company increased to 17.49 crore shares from 14.60 crore shares before the placement. At the upper end of the price band of Rs 574 per share, the IPO is estimated to be valued at around Rs 9,795 crore.
Reservation for investors
The statement further said, “The offer is being made through a book-building process, wherein not more than 50% of the net offer is allocated to qualified institutional buyers, and at least 15% and 35% of the net offer is allocated to non-institutional bidders and retail individual bidders respectively,” the statement further said.
According to the statement, SBI Funds Management Ltd’s QAAUM as of March 31, 2026 is Rs 12,509.98 billion and its share in the mutual fund market is 15.3 per cent. (ANI)
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