SBI Funds Management IPO: What is the reservation for SBI shareholders? Who is eligible to apply?

SBI Funds Management IPO opens on July 14, 2026, with a price band of ₹545 to ₹574 per share and is expected to raise about ₹11,693 crore, making it the largest IPO of 2026 so far. The issue is entirely an offer for sale of over 20.37 crore shares, with SBI offloading 6.3 percent and Amundi India Holding 3.7 percent. The shares are commanding a grey market premium of about ₹86, indicating a 15 percent premium over the upper price band, while 1.3 crore shares worth around ₹750 crore are reserved for eligible SBI shareholders.