SBI Funds Management IPO: 10 key things to know about Rs 11,693 crore public issue

SBI Funds Management, India's largest asset management company with a 15.3% mutual fund market share, is set to open its Rs 11,693 crore IPO for bidding between July 14 and July 16, making it the biggest public issue of 2026 so far. The IPO is entirely an offer for sale, with SBI offloading 6.3% and Amundi India Holding 3.7% of paid-up equity share capital, at a price band of Rs 545-574 per share, implying a market capitalisation of about Rs 1.17 lakh crore at the top end. Unlisted shares are trading at a grey market premium of over 13 percent at Rs 649, and the company's mutual fund QAAUM grew at a CAGR of 16.97 percent to Rs 12,509.98 billion as of March 31, 2026.