SBI Mutual Fund IPO GMP Today, Price Band, Dates & Review
SBI Funds Management Limited has filed its Red Herring Prospectus (RHP), confirming the launch of its much-awaited IPO. The public issue will open for subscription on July 14, 2026, and close on July 16, 2026.
The IPO has a price band of Rs 545 to Rs 575 per share and aims to raise Rs 11,713.28 crore. The issue is entirely an Offer for Sale (OFS), so the company will not receive any funds from the IPO. The proceeds will go to the existing shareholders, State Bank of India and Amundi Asset Management.
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📋 Table of Contents
SBI Mutual Fund IPO Key Details
| Parameter | Details |
|---|---|
| IPO Open Date | July 14, 2026 |
| IPO Close Date | July 16, 2026 |
| Expected Price Band* | Rs 545 to Rs 575 per share |
| Expected Issue Size* | Rs 11,713.28 crore |
| Issue Type | 100% Offer for Sale (OFS) |
| Face Value | Rs 1 per share |
| Expected Lot Size* | 26 shares |
| Expected Minimum Investment* | Rs 14,950 |
| Listing Date | July 21, 2026 |
| Listing Exchange | BSE and NSE |
| Registrar | KFin Technologies Limited |
| Anchor Allocation Date | July 13, 2026 |
SBI Mutual Fund IPO GMP Today
The current grey market premium (GMP) for SBI Mutual Fund IPO is Rs 85 per share. Based on the expected upper price band of Rs 575, the estimated listing price is around Rs 660, which indicates a possible listing gain of around 14.78%.
GMP Trend
| Date | GMP | Premium |
|---|---|---|
| July 8, 2026 | Rs 85 | 14.78% |
| July 7, 2026 | Rs 139 | 24.17% |
| July 6, 2026 | Rs 140 | 24.35% |
The GMP has cooled from Rs 140 to Rs 85 over the last few days. While the premium is still positive, it shows that grey market expectations have become more moderate as the IPO approaches.
- Estimated Listing Price: Rs 660
- Estimated Profit Per Lot: Rs 2,210 (26 shares × Rs 85 GMP)
Note: GMP is an unofficial market indicator. It changes frequently and should not be considered a guarantee of listing performance.
SBI Mutual Fund IPO Issue Size
The expected IPO is likely to be a 100% Offer for Sale (OFS). This means the company is not expected to issue any new shares, and the proceeds will go to the existing shareholders selling their stake.
- State Bank of India (Expected): Up to 12,83,34,397 equity shares
- Amundi India Holding (Expected): Up to 7,53,74,842 equity shares
- Total Expected OFS: Up to 20,37,09,239 equity shares
Since this is expected to be a pure Offer for Sale, the company is not expected to receive any funds from the IPO. The money raised will go to the selling shareholders.
These details are based on current market expectations and may change when the official RHP is released.
SBI Mutual Fund IPO Dates
| Event | Date |
|---|---|
| Anchor Investor Allocation | July 13, 2026 |
| IPO Opens | July 14, 2026 |
| IPO Closes | July 16, 2026 |
| Allotment Date | July 17, 2026 |
| Refunds & ASBA Unblocking | July 20, 2026 |
| Demat Credit | July 20, 2026 |
| Listing Date | July 21, 2026 |
SBI Mutual Fund IPO Lot Size and Investment Amount
The expected lot size and investment amount are based on the expected upper price band of Rs 575 per share.
| Category | Lots | Shares | Investment Amount* |
|---|---|---|---|
| Retail Minimum | 1 | 26 | Rs 14,950 |
| Retail Maximum | 13 | 338 | Rs 1,94,350 |
| Small HNI (sNII) | 14 | 364 | Rs 2,09,300 |
| Big HNI (bNII) | 68 | 1,768 | Rs 10,16,600 |
*Investment amounts are calculated using the expected upper price band of Rs 575 per share. The final lot size and investment amount will depend on the official price band announced by the company.
About SBI Funds Management Limited
SBI Funds Management Limited was established in 1992 as a joint venture between State Bank of India (SBI) and Amundi, one of Europe's largest asset management companies. Today, it is India's largest mutual fund company based on assets under management (AUM).
The company manages a wide range of equity, debt, hybrid, ETF, index, and passive investment products for retail as well as institutional investors. It also offers Portfolio Management Services (PMS) and Alternative Investment Funds (AIF).
Assets Under Management (AUM) (As of March 31, 2026)
| Asset Category | AUM (Rs Billion) | Share |
|---|---|---|
| Active Equity Funds | 5,320.74 | 42.53% |
| Passive Funds (ETF & Index) | 4,055.26 | 32.42% |
| Debt Funds | 1,712.76 | 13.69% |
| Liquid & Overnight Funds | 959.19 | 7.67% |
| Total Mutual Fund AUM | 12,509.98 | 100% |
Apart from mutual funds, the company also manages Portfolio Management Services (PMS) and Alternative Investment Funds (AIF). It has one of the largest distribution networks in the country, supported by over 1.22 lakh financial advisors, nearly 10,000 distributors, 95 banking partners, and SBI's nationwide branch network.
Should You Apply for SBI Mutual Fund IPO? Final Verdict
Our Verdict: I will Apply for the Long Term
SBI Mutual Fund is India's largest asset management company with a strong market position, high profitability, and a debt-free balance sheet. As more Indian investors shift from traditional savings to mutual funds, the company is well placed to benefit from long-term growth in the financial services sector.
However, investors looking only for listing gains should keep expectations realistic. The grey market premium has cooled in recent days, which may limit short-term returns. Also, since this IPO is entirely an Offer for Sale (OFS), the company will not receive any fresh capital from the issue.
Overall, the IPO looks suitable for investors with a long-term investment horizon who want exposure to India's growing mutual fund industry.
SBI Mutual Fund IPO Allotment Status
Allotment Date: July 17, 2026
Refund & Demat Credit: July 20, 2026
Once the allotment is finalized, investors can check their application status using any of the following methods:
Visit the official website of KFin Technologies Limited. Select SBI Mutual Fund IPO and enter your PAN, Application Number, or DP Client ID to check your allotment status.
You can also check your application status on the official BSE or NSE IPO allotment page by entering your application details.
The IPOwiz App lets you track allotment status for multiple PAN numbers on a single click, Download the IPOwiz app Now.
Frequently Asked Questions
When will the SBI Mutual Fund IPO open and close?
The IPO is scheduled to open on July 14, 2026, and close on July 16, 2026. UPI mandates must be approved before the cut-off time on the closing day.
What is the expected price band and lot size?
As per current market reports, the expected price band is Rs 545 to Rs 575 per share. The expected minimum application size is 1 lot of 26 shares. The final price band will be confirmed when the company officially files the IPO details.
What is the SBI Mutual Fund IPO GMP today?
As of July 8, 2026, the grey market premium (GMP) is around Rs 85. Based on the expected upper price band of Rs 575, the expected listing price is around Rs 660. GMP is unofficial and should only be used as a market sentiment indicator.
Will the company receive money from this IPO?
No. This IPO is a 100% Offer for Sale (OFS). The proceeds will go to the existing shareholders selling their stake, and the company will not receive any fresh funds.
When is the expected listing date?
The shares are expected to list on the BSE and NSE on July 21, 2026, subject to the completion of the IPO process.
How large is SBI Mutual Fund?
As of March 31, 2026, SBI Mutual Fund manages assets worth more than Rs 12.5 lakh crore, making it India's largest mutual fund company by assets under management (AUM).