SBI Funds Management IPO listing tomorrow: GMP signals 18% listing gain

SBI Funds Management's Rs 9,813 crore IPO, entirely an Offer for Sale by State Bank of India and Amundi, is set to list tomorrow with a Grey Market Premium of about Rs 105 per share, suggesting an estimated 18 percent listing premium over the upper price band of Rs 574. The issue was subscribed 41.66 times overall, with Qualified Institutional Buyers portion oversubscribed 140.11 times. The company, India's largest asset management company with a 15.3 percent market share and Rs 12.5 lakh crore in mutual fund QAAUM as of March 2026, reported FY26 revenue of Rs 4,389 crore and PAT of Rs 3,067 crore.