SBI Funds Management IPO: GMP and other key details investors should know about Rs 11,693 crore offer

SBI Funds Management, India's largest AMC with a 15.3% market share and mutual fund QAAUM of Rs 12,509.98 billion as of March 2026, is launching a Rs 11,693 crore IPO entirely through an Offer for Sale at a price band of Rs 545-574 per share. The IPO opens on July 14, 2026 and closes on July 16, with listing expected on July 21; at the upper price band, the company is valued at nearly Rs 1.17 lakh crore. SBI and Amundi India Holding are offloading stakes of 6.3% and 3.7% respectively, and the issue includes reservations for retail investors, employees, and eligible SBI shareholders.