SBI Funds Management (SBI MF) IPO Review | APPLY or AVOID?

Price ₹545 - ₹574 Size ₹11,692.91 Cr Lot 26 Sector Asset Management Company

DRHP Filed Mar 19, 26

Opens Jul 14, 26

Closes Jul 16, 26

Allotment Jul 17, 26

Listing Jul 21, 26

ISSUE OPENJuly 14, 2026 OFS Only

ISSUE CLOSEJuly 16, 2026 Min 1 lots (retail)

ALLOTMENT DATEJuly 17, 2026 Lot Size: 26

LISTING DATEJuly 21, 2026 NSE, BSE

IPO DETAILS REVIEW GMP SUBSCRIPTION ALLOTMENT STATUS

SBI Funds Management Ltd. started in 1992. It operates in the Asset Management Company industry and provides mutual fund schemes to its customers across India and global zones. This business is based in Mumbai, Maharashtra. This IPO review covers the main facts of the offer. It helps you decide if the issue fits your portfolio. Updated review will be available soon.

✅ Strengths

⚠️ Challenges

Financial Update

The company released its restated financial statements for the year ending March 31, 2025. Total revenue was ₹4,236.15 crore increased from ₹3,426.08 in previous year. The net profit for the same period was ₹2,540.15 crore increased from ₹2,072.79 in previous year. Assets increased by 23.43% compared to the previous year. Updated review will be available soon.

IPO Valuation

The upper price band is ₹-. This price leads to a Price-to-Earnings (P/E) ratio of -. The average P/E for the industry is -. TUpdated review will be available soon.

IPO Objective

Company will use Offer proceeds to meet stated objectives:

The company will allow current share owners to reduce their holdings.
The company will not receive any proceeds from this offer.

Promoters & Lead Manager

State Bank of India brings massive brand value to the enterprise.
Kotak Mahindra Capital acts as a senior booking advisor.

Peer Comparison

Below is the comparison of the company with its listed peers using data from –. Updated review will be available soon.

Company Name	Market Capitalization (Approx.)	P/E Ratio	NAV (₹ per share)	RoNW (%)	P/BV Ratio
SBI Funds Management (IPO)	₹1,30,000 Cr (Valuation)	~23-25x (Implied)	₹35.70	31.25%	~17.9x (Implied)
HDFC AMC	₹1,20,070 Cr	~42.1x	₹189.80	32.40%	~29.6x
Nippon Life India AMC	₹77,790 Cr	~51.5x	₹66.40	31.40%	~18.8x
ICICI Prudential AMC	₹1,64,760 Cr	~49.9x	₹71.20	82.80%	~30.4x
UTI AMC	₹12,580 Cr	~31.2x	₹359.40	16.30%	~2.8x

Financial data sourced from annual reports and stock exchange data, using restated financial statements for 2024-25. NAV per share (closing net worth divided by weighted average number of paid-up equity shares) and RoNW (net profit after tax divided by closing net worth).

IPO Review & Analyst Rating

Updated review will be available soon.

Analyst Name	Recommendation
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Disclaimer: The information on the site is informational only. The contents of this blog are not financial advice. You should not invest in any stock market instrument without consulting your Financial advisor.

Sanjay Bambhaniya

Sanjay has 8+ years of experience in data-driven IPO insights. His expertise in digital marketing and web development complements his financial knowledge and helps him to develop effective fintech solutions. He is an entrepreneur and director who helps investors understand complex primary market trends in easy-to-understand IPO reports, news, and updates.

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