SBI Funds Management IPO: What portion is reserved for SBI's 38 lakh shareholders?

SBI Funds Management's IPO, set to be the largest public issue of 2026 so far, will open for subscription from July 14 to July 16 at a price band of Rs 545-574 per share, entirely through an offer for sale of over 20 crore shares by SBI and Amundi India Holding. Up to 1.3 crore shares (valued at nearly Rs 750 crore) are reserved for eligible SBI shareholders, while an additional Rs 170 crore worth of shares are reserved for eligible employees at a Rs 54 discount. The unlisted shares are commanding a grey market premium of more than 13 percent at Rs 649 apiece, ahead of the likely listing on July 21.