SBI Funds Management sets IPO price band at Rs 545–574 for Rs 11,693 crore public offer

SBI Funds Management has set the price band for its IPO at Rs 545 to Rs 574 per share, targeting a total issue size of Rs 11,693 crore through an entirely Offer for Sale of over 20 crore shares with no fresh issue. The subscription window runs from July 14 to July 16, with listing expected on July 21, 2026. At the upper price band, the asset manager is valued at about Rs 1.17 lakh crore, with parent SBI offloading a 6.3 percent stake and Amundi India Holding selling 3.7 percent.