SBI Funds Management IPO opens tomorrow: GMP, issue details, 10 key things to know

SBI Funds Management IPO opens for subscription on 14 July 2026 with a price band of around ₹545 to ₹574 per share, aiming to raise up to ₹11,102 crore through a complete Offer for Sale of about 10% stake by promoters SBI and Amundi India Holding. The anchor portion was reportedly subscribed more than 20 times, attracting global majors like BlackRock, Capital Group, Fidelity, Goldman Sachs AM, ADIA, GIC, and Norges Bank, with about ₹2,944 crore allocated at the upper price band. India oldest and largest passive asset manager, it manages around ₹3,99,953 crore in passive AUM with a 29.6% market share, and shares are expected to list on 21 July.