SBI Mutual Fund IPO - Complete Details
About SBI Mutual Fund
SBI Funds Management Limited, established in 1992, is the biggest Asset Management Company (AMC) in India in terms of AUM. The company manages the highly popular SBI Mutual Fund. This AMC is a joint venture between the State Bank of India (SBI) and Amundi. They provide a large array of financial instruments including equity funds, debt funds, hybrid funds, ETFs, and portfolio management services (PMS). As of 2025, the firm manages about ₹16.32 lakh crore of assets, accounting for nearly 15.5% of India's total mutual fund AUM, serving over 16.05 million clients.
Promoters & Holding
State Bank of India, Amundi India Holding, and Amundi Asset Management are the core promoters of the company.
| Pre-Issue Shareholding | Post-Issue Shareholding (Estimated) |
|---|---|
| 98.02% | 88.00% |
IPO Issue Objectives
- The entire public issue is an Offer for Sale (OFS) of 17,09,56,631 equity shares, aggregating up to ₹9,795.31 Crore.
- The company will not receive any proceeds from this offer; all proceeds will go to the selling shareholders.
Live Subscription Status (Day 1)
Last Updated: 14 Jul 2026, 05:54 PM
| Category | Shares Reserved | Subscription Level |
|---|---|---|
| QIB | 3,09,28,731 | 0.08x |
| NII (HNI) | 2,31,96,549 | 1.39x (bHNI: 1.36x, sHNI: 1.45x) |
| Retail Investors | 5,41,25,280 | 0.62x |
| Employee / Shareholder | 1,63,12,976 | 1.03x |
| Total Subscription | 12,45,63,536 | 0.68x |
Anchor Investors Details
SBI Funds Management Limited finalized its anchor investor allocation on July 13, 2026, successfully raising ₹2,662.96 crore from 129 institutional investors at the upper price band of ₹574 per share.
- Domestic Mutual Funds: Allocated 37.20% across 23 fund houses.
- LIC of India: Received the single largest individual allocation at 6.76%.
- Foreign Portfolio Investors: Strong participation from Government of Singapore, Abu Dhabi Investment Authority, Blackrock, Goldman Sachs, Morgan Stanley, and MIT.
IPO Financial Valuations
| Metric | Pre-IPO Value | Post-IPO Value |
|---|---|---|
| Earnings Per Share (EPS) | ₹15.06 | ₹15.06 |
| Price to Earnings (P/E) Ratio | 38.12 | 38.12 |
| Return on Net Worth (ROE) | 43.02% | 43.02% |
| Price to Book (P/B) Ratio | 19.60 | 19.60 |
| Market Capitalization | ₹1,16,913.90 Cr. | |
Peers Comparison Table
| Company Name | P/E Ratio | RoNW (%) | Total Revenue (Cr.) |
|---|---|---|---|
| SBI Funds (Post-IPO) | 38.12 | 43.02% | ₹4,389 |
| ICICI Prudential AMC | 49.38 | 85.80% | ₹5,764 |
| HDFC AMC | 41.71 | 32.90% | ₹4,122 |
| Nippon Life AMC | 51.10 | 34.50% | ₹2,708 |
| Aditya Birla AMC | 34.46 | 25.53% | ₹1,845 |
| UTI AMC | 31.57 | 11.22% | ₹1,698 |
Business Strengths & Risks
✔ Core Strengths:
- Market Leadership: India's largest PMS service provider and largest SIF platform based on overall AUM.
- Powerful Parentage: Backed by the trust and unparalleled branch network of SBI combined with global asset management skills of Amundi.
- Pan-India Distribution: Diversified multi-channel distribution setup across thousands of bank branches and direct digital platforms.
⚠ Key Risks:
- AUM Dependent Revenue: Core income depends directly on Quarterly Average AUM (QAAUM). Markets ki giravat ya redemptions ka seedha asar profits par padega.
- Capital Market Risks: Indian capital markets ke low-performance se investment inflows block ho sakte hain.
- Performance Risk: Agar schemes benchmarks ko beat nahi kar payengi, toh reputational damage aur assets outflow ho sakta hai.
Corporate Contact Information
🏢 Company Contact
SBI Mutual Fund
9th Floor, Crescenzo, C–38 & 39, G Block, BKC, Bandra (East), Mumbai, MH - 400051.
Phone: +91 22 6179 3000
Email: companysecretary@sbimf.com
Web: www.sbimf.com
9th Floor, Crescenzo, C–38 & 39, G Block, BKC, Bandra (East), Mumbai, MH - 400051.
Phone: +91 22 6179 3000
Email: companysecretary@sbimf.com
Web: www.sbimf.com
📋 Registrar Contact
Kfin Technologies Limited
Selenium Tower B, Plot 31-32, Gachibowli, Financial District, Hyderabad - 500032.
Phone: 040-67162222 / 040-79611000
Email: sbifml.ipo@kfintech.com
Status Link: ipostatus.kfintech.com
Selenium Tower B, Plot 31-32, Gachibowli, Financial District, Hyderabad - 500032.
Phone: 040-67162222 / 040-79611000
Email: sbifml.ipo@kfintech.com
Status Link: ipostatus.kfintech.com