SBI Mutual Fund IPO Issue Size Reduced to ₹9,795 Cr
SBI Mutual Fund has completed a pre-IPO placement of around Rs 1,800 crore, reducing the size of the public issue before the IPO opens. The placement was done at Rs 574 per share, which is the upper end of the IPO price band.
Following this, the IPO size has been revised from Rs 11,692.91 crore to Rs 9,795.31 crore. While the number of shares available to public investors has reduced, the IPO schedule remains unchanged. The issue will open on July 14, 2026 and close on July 16, 2026.
📲 Get live subscription updates, GMP, and allotment alerts. Join the IPOwiz Telegram channel.
📋 Table of Contents
SBI Mutual Fund IPO Key Details (Revised)
| Detail | Information |
|---|---|
| IPO Opens | July 14, 2026 |
| IPO Closes | July 16, 2026 |
| Price Band | Rs 545 to Rs 574 per share |
| Lot Size | 26 shares |
| Minimum Investment | Rs 14,924 (at Rs 574) |
| Revised Issue Size | Rs 9,795.31 crore |
| Pre-IPO Placement | Around Rs 1,800 crore |
| Placement Price | Rs 574 per share |
| Shareholder Quota | 7.64% of the issue |
| Employee Quota | 1.91% of the issue |
SBI Mutual Fund Pre-IPO Placement
Before the IPO opens, SBI Funds Management completed a pre-IPO placement of around Rs 1,800 crore by selling a 1.42% stake to 30 institutional investors at Rs 574 per share.
Some of the key investors included:
- PI Opportunities Fund-II
- Akash Manek Bhanshali
- 3P India Equity Fund I (managed by Prashant Jain)
- Tata AIG General Insurance
- Malabar India Fund
- Bennett Coleman & Co. Ltd.
The placement was completed at the upper price band of Rs 574 per share, showing strong interest from institutional investors.
Note: The pre-IPO placement is different from the anchor investor allocation, which will take place before the IPO opens.
How Has the IPO Size Changed?
After the pre-IPO placement, the number of shares available in the public issue has reduced. Here's what changed:
| Particular | Earlier | Revised |
|---|---|---|
| Issue Size | Rs 11,692.91 crore | Rs 9,795.31 crore |
| Shareholder Quota | — | 7.64% |
| Employee Quota | — | 1.91% |
Although the issue size has been reduced, the IPO dates remain the same. The IPO will open on July 14 and close on July 16, 2026.
SBI Mutual Fund IPO: Applications Needed for 1x Subscription
Based on the final issue size, here's the approximate number of applications required in each category for the IPO to reach 1x subscription.
| Category | Applications Needed for 1x |
|---|---|
| Retail Individual Investors (RII) | 20,81,742 |
| Small HNI (sNII) | 21,242 |
| Big HNI (bNII) | 42,485 |
SBI Mutual Fund is one of the most anticipated IPOs of the year, so the retail category is expected to receive well over 20 lakh applications. Once the retail portion is subscribed more than 1x, allotment will be done through a computerized lottery system, where each successful applicant receives one lot.
SBI Mutual Fund IPO GMP Today
The Grey Market Premium (GMP) changes throughout the day based on market demand and investor sentiment. Since GMP is unofficial, it should only be used as an indicator and not as a guarantee of listing gains.
For the latest live GMP updates, visit the IPOwiz Live GMP Tracker.
Tips for Retail Investors
Frequently Asked Questions (FAQs)
Q1. Why was the SBI Mutual Fund IPO issue size reduced?
The issue size was reduced after SBI Funds Management completed a pre-IPO placement of approximately Rs 1,800 crore with 30 institutional investors. As permitted under SEBI regulations, shares allotted in the pre-IPO placement were deducted from the public offer, reducing the IPO size from Rs 11,692.91 crore to Rs 9,795.31 crore.
Q2. Does the smaller issue size improve allotment chances?
No. A smaller issue size means fewer shares are available for public investors. If investor demand remains unchanged, the reduced supply generally results in higher oversubscription and lower allotment probability in the retail category.
Q3. What is the final price band of the SBI Mutual Fund IPO?
The final IPO price band has been fixed at Rs 545 to Rs 574 per equity share. Retail investors applying at the cut-off price will block funds based on the upper price of Rs 574 per share.
Q4. What is the minimum investment required in the SBI Mutual Fund IPO?
The minimum application consists of one lot of 26 shares. At the upper price band of Rs 574 per share, the minimum investment works out to Rs 14,924.
Q5. Will the IPO timeline change after the pre-IPO placement?
No. The IPO schedule remains unchanged. The public issue will open on July 14, 2026, close on July 16, 2026, while the listing is scheduled for July 21, 2026.
Q6. Who participated in the SBI Mutual Fund pre-IPO placement?
The pre-IPO placement attracted 30 institutional investors, including PI Opportunities Fund-II, Akash Manek Bhanshali, 3P India Equity Fund I, Tata AIG General Insurance, Malabar India Fund and Bennett Coleman & Co. Ltd.
Q7. What are the applications required for 1x subscription in the SBI Mutual Fund IPO?
Based on the revised issue size, approximately 20.82 lakh retail applications, 21,242 Small HNI applications and 42,485 Big HNI applications are required for their respective categories to reach 1x subscription.
Q8. Does the SBI shareholder quota remain available after the revised issue size?
Yes. The shareholder reservation continues to remain available. Under the revised structure, approximately 7.64% of the public issue has been reserved for eligible SBI shareholders.
Q9. Where can I check the latest SBI Mutual Fund IPO GMP?
Since the grey market premium changes throughout the day, investors should refer to a live IPO GMP tracker for the latest premium, estimated listing price and market sentiment before making any investment decision.