SBI Mega IPO Set to Hit the Market

SBI Funds Management Ltd., one of India's leading mutual fund companies and a subsidiary of the State Bank of India, has announced the price band for its much awaited Initial Public Offering (IPO). The company has fixed the price band at ₹545-₹574 per share, with the issue expected to raise ₹11,692.91 crore, making it one of the biggest IPOs in India's primary market in 2026. At the upper price band, the company's market valuation is estimated at around ₹1.17 lakh crore.

The IPO is entirely an Offer for Sale (OFS), with promoters selling more than 20 crore shares, meaning the proceeds will go to the selling shareholders and not the company. The minimum lot size for retail investors has been fixed at 26 shares, requiring a minimum investment of ₹14,924. The anchor investor book will open on July 13, the public subscription will run from July 14 to July 16, while the tentative share allotment is scheduled for July 17.