SBI Funds Management IPO: GMP signals 15% listing gains; 10 key things to know from RHP ahead of issue launch on Tuesday

The SBI Funds Management IPO opens for subscription on 14 July and closes on 16 July, with a price band of ₹545-574 per share. The issue is entirely an offer for sale of up to 20.37 crore shares, raising ₹11,693 crore, with State Bank of India and Amundi India Holding as the selling shareholders. Grey market premium stands at ₹84, signalling around 15% listing gains; the company reported FY26 revenue of ₹4,389.5 crore and profit of ₹3,067.4 crore, with a QAAUM of ₹12,50,998 crore and 15.3% mutual fund market share, making it India's largest AMC.