SBI Funds IPO jackpot turns 13 employees into crorepatis; top ESOP haul hits Rs 121 crore

SBI Funds Management IPO created 13 crorepatis through its employee stock ownership programme, with top executive gains hitting about Rs 121 crore at the IPO price of Rs 574 per share. The issue was subscribed nearly 42 times, led by QIB quota at about 140 times, and raised nearly Rs 2,663 crore from 129 anchor investors including BlackRock and Goldman Sachs. Brokerages including Anand Rathi and Chola Securities recommended subscribing, valuing the company at about 38 times FY26 earnings.