Issue Price
₹574
Per Share
GMP
+₹90
+15.68% Grey Market
Est. Listing
₹664
Expected Price
Min. Application
₹29,848
2 lots × 26 shares
SBI Funds Management Ltd was established in 1992 and is the largest asset management company (AMC) in India based on assets under management (AUM). The company manages the well-known SBI Mutual Fund. It is a joint venture between State Bank of India and Amundi. The company offers a wide range of investment products such as equity funds, debt funds, hybrid funds, ETFs, and portfolio management services (PMS). As of 2025, the company manages around ₹16.32 lakh crore in assets, which represents about 15.5% of India’s total mutual fund AUM.As of December 31, 2025, the company serves more than 16.05 million investors, including both individual and institutional clients.It manages a diversified portfolio of 126 mutual fund schemes, covering different categories such as:Equity and equity-oriented fundsDebt fundsArbitrage fundsExchange Traded Funds (ETFs)Index fundsOverseas fund-of-fundsLiquid and overnight fundsThe company also has a global investment presence. Its international business includes:India-focused investment mandates for institutional investors in Japan, Australia, and Korea, with AUM of ₹232,090.37 million.UCITS India-focused funds sponsored by Amundi, with AUM of ₹86,816.48 million, distributed across Europe, the Middle East, South America, and Southeast Asia.Advisory services for Amundi’s Global Emerging Markets funds, managing ₹145,839.65 million in India-related assets.Competitive StrengthsMarket Leader in IndiaThe company is the largest asset management company in India by mutual fund AUM, benefiting from strong growth and operating scale.Leader in Portfolio Management Services (PMS)It is the largest PMS provider in India, with 39% market share in PMS and advisory assets. It also runs the largest Specialized Investment Fund (SIF) platform with 61% market share.Strong SIP FranchiseThe company has a 16.09% market share in live SIP accounts, showing strong investor trust and long-term investment participation.Structured Investment ProcessA process-driven investment framework helps maintain consistent performance and supports continuous product innovation.Strong Distribution NetworkA well-diversified, pan-India distribution network helps the company reach a wide range of investors.Advanced Technology and Data UseThe company uses modern technology and data analytics to improve investor engagement and provide better services.
SBI Funds Management Ltd proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| QIB (Ex Anchor) | 77,321,826 | — | ₹4,438.27 Cr | 56.63x |
| NII / HNI | 23,196,549 | — | ₹1,331.48 Cr | 22.30x |
| Retail (RII) | 54,125,280 | — | ₹3,106.79 Cr | 3.43x |
| TOTAL | 3,257,347 | 100.00% | ₹186.97 Cr | 2.56x |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 26 | ₹14,924 |
| Retail (Max) | 13 | 338 | ₹194,012 |
| sNII (Min) | 14 | 364 | ₹208,936 |
| bNII (Min) | 68 | 1,768 | ₹1,014,832 |
| Particulars | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Revenue from Operations | 4976.11 | 4236.15 | 3426.08 |
| EBITDA | 4058.44 | 3412.94 | 2718.82 |
| Profit After Tax (PAT) | 3067.38 | 2540.15 | 2072.79 |
| Net Worth | 5963.06 | 8297.53 | 6747.75 |
| Total Assets | 6420.45 | 8771.86 | 7106.93 |
| Reserves & Surplus | 326.73 | 255.12 | 182.02 |
| Total Borrowings | N/A | N/A | N/A |