SBI Funds Management Limited
Against an issue price of ₹574. Split- and bonus-adjusted official closes — a past move, never a forecast.
SBI Funds Management Limited was a mainboard initial public offer.
The book was open from 14 July 2026 to 16 July 2026.
The issue was priced at ₹574 a share, from a band of ₹545 to ₹574.
We did not poll this issue while its book was open. The exchange publishes only the current cumulative figure and no history, so a subscription series cannot be reconstructed after an issue closes.
135 anchor investors were allotted shares before the book opened, worth ₹2,828 crore.
The shares listed on 21 July 2026.
The last official close on file is ₹553 (21 September 2026), which is 3.7% below the issue price.
It now trades as SBIFUNDS, and its filed financials are on its company page.
Shares sold in the issue at ₹574 last closed at ₹552.6.
See SBIFUNDS’s filed financials and price history →Official exchange closes, restated for splits, bonuses and rights issues since listing. A record of past price movement, not a forecast.
- Registrar
- KFin Technologies Limited
- Lead managers
- Kotak Mahindra Capital Company Limited
- Axis Capital Limited
- BofA Securities India Limited
- HSBC Securities and Capital Markets (India) Private Limited
- ICICI Securities Limited
- Jefferies India Private Limited
- JM Financial Limited
- Motilal Oswal Investment Advisors Limited
- SBI Capital Markets Limited.
- Bidding opens14 Jul 2026
- Bidding closes16 Jul 2026
- Basis of allotmentnot published
Not published in the exchange feeds we ingest — we do not estimate it.
- Listing21 Jul 2026
We did not poll this issue while its book was open. The exchange publishes only the current cumulative figure and no history, so a subscription series cannot be reconstructed after an issue closes.
We did not poll this issue while its book was open. The exchange publishes only the current cumulative figure and no history, so a subscription series cannot be reconstructed after an issue closes.
Anchor investors are institutions allotted shares one working day before public bidding opens, at a price fixed then. Their shares are locked in for a set period. At least 43 of them are domestic mutual funds; we could not classify 85 of the names either way.
| CAPITAL GROUP GLOBAL EQUITY FUND (CANADA) | ₹180 cr |
| LIFE INSURANCE CORPORATION OF INDIA | ₹180 cr |
| GOVERNMENT OF SINGAPORE | ₹152.4 cr |
| ABU DHABI INVESTMENT AUTHORITY - MONSOON | ₹90 cr |
| BLACKROCK GLOBAL FUNDS - INDIA FUND | ₹90 cr |
| GOVERNMENT PENSION FUND GLOBAL | ₹90 cr |
| HCL CAPITAL PRIVATE LIMITED | ₹90 cr |
| NOMURA INDIA INVESTMENT FUND MOTHER FUND | ₹90 cr |
| GOLDMAN SACHS FUNDS - GOLDMAN SACHS INDIA EQUITY PORTFOLIO | ₹80 cr |
| HDFC TRUSTEE 10,12,050 COMPANY LIMITED- HDFC FLEXI CAP FUNDmutual fund | ₹58.1 cr |
| HDFC TRUSTEE COMPANY LIMITED-HDFC FLEXI CAP FUNDmutual fund | ₹58.1 cr |
| NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA LARGE CAP FUNDmutual fund | ₹54 cr |
| 360 ONE SPECIAL OPPORTUNITIES FUND - SERIES 12 | ₹50 cr |
| AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FUND A/C AXIS LARGE CAP FUNDmutual fund | ₹50 cr |
| HDFC LIFE INSURANCE COMPANY LIMITED | ₹50 cr |
| ICICI PRUDENTIAL EQUITY & DEBT FUND | ₹50 cr |
| ICICI PRUDENTIAL LARGE & MID CAP FUND | ₹50 cr |
| ICICI PRUDENTIAL LIFE INSURANCE COMPANY LIMITED | ₹50 cr |
| MASSACHUSETTS INSTITUTE OF TECHNOLOGY | ₹50 cr |
| FIDELITY INVESTMENT TRUST FIDELITY SERIES EMERGING MARKETS OPPORTUNITIES FUND | ₹47.9 cr |
| HDFC MUTUAL FUND 7,95,158 - HDFC BANKING AND FINANCIAL SERVICES FUNDmutual fund | ₹45.6 cr |
| HDFC MUTUAL FUND - HDFC BANKING AND FINANCIAL SERVICES FUNDmutual fund | ₹45.6 cr |
| ICICI PRUDENTIAL VALUE FUND | ₹37.5 cr |
| NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA MULTI ASSET ALLOCATION FUNDmutual fund | ₹36 cr |
| HDFC TRUSTEE 6,07,230 COMPANY LTD. A/C | ₹34.9 cr |
| HDFC TRUSTEE COMPANY LTD. A/C HDFC BALANCED ADVANTAGE FUNDmutual fund | ₹34.9 cr |
| HDFC TRUSTEE COMPANY LTD. A/C HDFC LARGE CAP FUNDmutual fund | ₹34.9 cr |
| ADITYA BIRLA SUN LIFE TRUSTEE PRIVATE LIMITED A/C ADITYA BIRLA SUN LIFE BANKING AND FINANCIAL SERVICES FUNDmutual fund | ₹32 cr |
| KOTAK MAHINDRA TRUSTEE CO LTD A/C KOTAK BANKING & FINANCIAL SERVICES FUNDmutual fund | ₹30 cr |
| KOTAK MAHINDRA TRUSTEE CO LTD A/C KOTAK BUSINESS CYCLE FUNDmutual fund | ₹30 cr |
| MONETARY AUTHORITY OF SINGAPORE | ₹27.6 cr |
| 360 ONE SPECIAL OPPORTUNITIES FUND - SERIES 9 | ₹25 cr |
| INVESCO INDIA FLEXI CAP FUND | ₹25 cr |
| UTI-DIVIDEND YIELD FUND | ₹24.4 cr |
| FRANKLIN INDIA AGGRESSIVE HYBRID FUND | ₹23.8 cr |
| FRANKLIN INDIA BALANCED ADVANTAGE FUND | ₹23.8 cr |
| ICICI PRUDENTIAL EXPORTS AND SERVICES FUND | ₹23 cr |
| MOTILAL OSWAL LARGE CAP FUND | ₹21 cr |
| AVENDUS FINANCE PRIVATE LIMITED | ₹20.1 cr |
| SOCIETE GENERALE - ODI | ₹20.1 cr |
| HSBC MUTUAL FUND - HSBC ELSS TAX SAVER FUNDmutual fund | ₹18.5 cr |
| FIDELITY INVESTMENT TRUST : FIDELITY EMERGING MARKETS FUND | ₹16.4 cr |
| BNP PARIBAS FINANCIAL MARKETS - ODI | ₹15.1 cr |
| MORGAN STANLEY ASIA (SINGAPORE) PTE. - ODI | ₹15.1 cr |
| KOTAK MAHINDRA TRUSTEE CO LTD A/C KOTAK MNC FUNDmutual fund | ₹15 cr |
| TATA FLEXI CAP FUND | ₹15 cr |
| FIAM GROUP TRUST FOR EMPLOYEE BENEFIT PLANS FIAM EMERGING MARKETS OPPORTUNITIES COMMINGLED POOL | ₹14.5 cr |
| TATA BANKING & FINANCIAL SERVICES FUND | ₹14 cr |
| MALABAR INDIA FUND LIMITED | ₹13 cr |
| ADITYA BIRLA SUN LIFE TRUSTEE PRIVATE LIMITED A/C ADITYA BIRLA SUN LIFE SPECIAL OPPORTUNITIES FUNDmutual fund | ₹12.7 cr |
| EDELWEISS TRUSTEESHIP CO LTD AC- EDELWEISS MF AC- EDELWEISS AGGRESIVE HYBRID FUNDmutual fund | ₹12 cr |
| ISIF HYBRID LONG - SHORT FUND | ₹12 cr |
| MALABAR MIDCAP FUND | ₹12 cr |
| HDFC MUTUAL FUND 2,02,410 - HDFC MULTI CAP FUNDmutual fund | ₹11.6 cr |
| HDFC MUTUAL FUND - HDFC MULTI CAP FUNDmutual fund | ₹11.6 cr |
| UTI BALANCED ADVANTAGE FUND | ₹11.1 cr |
| TATA DIVIDEND YIELD FUND | ₹11 cr |
| ABAKKUS GROWTH FUND - OPEN ENDED | ₹10 cr |
| CHANAKYA WEALTH CREATION FUND | ₹10 cr |
| CITIGROUP GLOBAL MARKETS MAURITIUS PRIVATE LIMITED | ₹10 cr |
| HELIOS FINANCIAL SERVICES FUND | ₹10 cr |
| ICICI PRUDENTIAL MUTUAL FUND - ICICI PRUDENTIAL RURAL OPPORTUNITIES FUNDmutual fund | ₹10 cr |
| MANULIFE GLOBAL FUND - INDIA EQUITY FUND | ₹10 cr |
| NATIXIS INTERNATIONAL FUNDS (LUX) I - LOOMIS SAYLES GLOBAL EMERGING MARKETS EQUITY FUND | ₹10 cr |
| NPS TRUST AC UTI PENSION FUND LIMITED SCHEME E TIER I | ₹10 cr |
| KOTAK MAHINDRA TRUSTEE CO LTD A/C KOTAK SERVICES FUNDmutual fund | ₹10 cr |
| NPS TRUST- A/C HDFC PENSION FUND MANAGEMENT LIMITED SCHEME E - TIER II | ₹9.7 cr |
| HDFC TRUSTEE 1,59,016 COMPANY LIMITED - HDFC TAX SAVERFUNDmutual fund | ₹9.1 cr |
| HDFC TRUSTEE COMPANY LIMITED - HDFC TAX SAVERFUNDmutual fund | ₹9.1 cr |
| AXIS MAX LIFE INSURANCE LIMITED A/C UEGFH - HIGH GROWTH FUND II | ₹7.5 cr |
| ICICI PRUDENTIAL QUALITY FUND | ₹7.5 cr |
| EDELWEISS TRUSTEESHIP CO LTD AC- EDELWEISS MF AC- EDELWEISS FLEXI CAP FUNDmutual fund | ₹7 cr |
| EDELWEISS MULTI CAP FUND | ₹6.5 cr |
| WHITEOAK CAPITAL BANKING & FINANCIAL SERVICES FUND | ₹6.5 cr |
| HSBC MUTUAL FUND - HSBC LARGE CAP FUNDmutual fund | ₹6.5 cr |
| FIDELITY RUTLAND SQUARE TRUST II : STRATEGIC ADVISERS FIDELITY EMERGING MARKETS FUND AS MANAGED BY FIAM LLC | ₹6.1 cr |
| AXIS MAX LIFE INSURANCE LIMITED A/C SUSTAINABLE EQUITY FUND - ULIF02505/10/21SUSTAINEQU104 | ₹6 cr |
| AXIS MAX LIFE INSURANCE LIMITED A/C - ULIF00525/11/05PENSGROWTH104 - PENSION GROWTH FUND | ₹6 cr |
| AXIS MAX LIFE INSURANCE LIMITED PENSION MAXIMISER FUND (ULIF01715/02/13PENSMAXIMI104) | ₹6 cr |
| HDFC MUTUAL FUND 1,01,218 - HDFC INNOVATION FUNDmutual fund | ₹5.8 cr |
| HDFC MUTUAL FUND - HDFC INNOVATION FUNDmutual fund | ₹5.8 cr |
| BHARTI AXA LIFE INSURANCE COMPANY LTD | ₹5.4 cr |
| FIDELITY CENTRAL INVESTMENT PORTFOLIOS LLC : FIDELITY EMERGING MARKETS EQUITY CENTRAL FUND | ₹5.2 cr |
| ALPHAMINE ABSOLUTE RETURN FUND | ₹5.1 cr |
| BAJAJ FINSERV BANKING AND FINANCIAL SERVICES FUND | ₹5.1 cr |
| EDELWEISS LIFE INSURANCE COMPANY LIMITED | ₹5.1 cr |
| INDUSIND GENERAL INSURANCE COMPANY LIMITED | ₹5.1 cr |
| MAHINDRA MANULIFE BANKING AND FINANCIAL SERVICES FUND | ₹5.1 cr |
| NAVI FINSERV LIMITED | ₹5.1 cr |
| OXBOW MASTER FUND LIMITED | ₹5.1 cr |
| UNITED INDIA INSURANCE COMPANY LIMITED | ₹5.1 cr |
| VIRIDIAN ASIA OPPORTUNITIES MASTER FUND | ₹5.1 cr |
| WINRO COMMERCIAL (INDIA) LTD | ₹5.1 cr |
| ADITYA BIRLA SUN LIFE INSURANCE COMPANY LIMITED | ₹5.1 cr |
| BAJAJ LIFE INSURANCE LIMITED | ₹5.1 cr |
| EASTSPRING INVESTMENTS INDIA CONSUMER EQUITY OPEN LIMITED | ₹5.1 cr |
| NPS TRUST- A/C LIC PENSION FUND SCHEME E - TIER I | ₹5.1 cr |
| NUVAMA MULTI ASSET STRATEGY RETURN FUND | ₹5.1 cr |
| KOTAK MAHINDRA TRUSTEE CO LTD A/C INFINITY HYBRID LONG-SHORT FUNDmutual fund | ₹5 cr |
| BANDHAN MIDCAP FUND | ₹5 cr |
| GOLDMAN SACHS ETF TRUST - GOLDMAN SACHS INDIA EQUITY ETF | ₹5 cr |
| ISIF ACTIVE ASSET ALLOCATOR LONG-SHORT FUND | ₹5 cr |
| JM FINANCIAL MUTUAL FUND - JM FLEXICAP FUNDmutual fund | ₹5 cr |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM-MANAGED BY GOLDMAN SACHS ASSET MANAGEMENT L.P. | ₹5 cr |
| BANDHAN AGGRESSIVE HYBRID FUND | ₹5 cr |
| ISIF EQUITY LONG-SHORT FUND | ₹5 cr |
| AXIS MAX LIFE INSURANCE LIMITED A/C - ULGF00217/04/06GRATBALANC104 - GROUP GRATUITY BALANCED FUND | ₹4.5 cr |
| UTI-INDIA CONSUMER FUND | ₹4.4 cr |
| NPS TRUST A/C - AXIS PENSION FUND MANAGEMENT LIMITED SCHEME E - TIER I | ₹4.3 cr |
| ADITYA BIRLA SUN LIFE TRUSTEE PRIVATE LIMITED A/C ADITYA BIRLA SUN LIFE EQUITY SAVINGS FUNDmutual fund | ₹4.2 cr |
| NPS TRUST A/C - HDFC PF NPS EQUITY ADVANTAGE FUND TIER I | ₹4 cr |
| MOTILAL OSWAL FINANCIAL SERVICES FUND | ₹4 cr |
| ITI BANKING AND FINANCIAL SERVICES FUND | ₹3.6 cr |
| WHITEOAK CAPITAL LARGE CAP FUND | ₹3.5 cr |
| PGIM INDIA TRUSTEE PRIVATE LIMITED A/C - PGIM INDIA LARGE AND MID CAP FUNDmutual fund | ₹3.3 cr |
| PGIM INDIA TRUSTEES PRIVATE LIMITED A/C PGIM INDIA LARGE CAP FUNDmutual fund | ₹3.3 cr |
| PGIM INDIA TRUSTEE PRIVATE LIMITED A/C - PGIM INDIA MULTI CAP FUNDmutual fund | ₹3.3 cr |
| GROWW MUTUAL FUND - GROWW MULTI CAP FUNDmutual fund | ₹3.1 cr |
| EDELWEISS TRUSTEESHIP CO LTD AC - EDELWEISS MF AC- EDELWEISS RECENTLY LISTED IPO FUNDmutual fund | ₹3 cr |
| THE WEALTH COMPANY MUTUAL FUND - THE WEALTH COMPANY FLEXI CAP FUNDmutual fund | ₹2.5 cr |
| JM FINANCIAL MUTUAL FUND - JM LARGE CAP FUNDmutual fund | ₹2.5 cr |
| JM FINANCIAL MUTUAL FUND-JM VALUE FUNDmutual fund | ₹2.5 cr |
| FRANKLIN INDIA MULTI FACTOR FUND | ₹2.5 cr |
| ITI BUSINESS CYCLE FUND | ₹1.5 cr |
| THE WEALTH COMPANY MUTUAL FUND - THE WEALTH COMPANY SMALLCAP FUNDmutual fund | ₹1.5 cr |
| NPS TRUST A/C - HDFC PENSION FUND - NPS VATSALYA SCHEME | ₹1.3 cr |
| APEX HYBRID LONG SHORT FUND | ₹1.1 cr |
| GROWW MUTUAL FUND - GROWW BANKING AND FINANCIAL SERVICES FUNDmutual fund | ₹1 cr |
| GROWW MUTUAL FUND - LARGE CAP FUNDmutual fund | ₹1 cr |
| EDELWEISS TRUSTEESHIP CO LTD AC- EDELWEISS MF AC- EDELWEISS ELSS TAX SAVER FUNDmutual fund | ₹0.9 cr |
| NPS TRUST A/C - AXIS PF NPS GOLDEN YEARS FUND - GROWTH TIER I | ₹0.7 cr |
| EDELWEISS FINANCIAL SERVICES FUND | ₹0.6 cr |
| THE WEALTH COMPANY MUTUAL FUND - THE WEALTH COMPANY ETHICAL FUNDmutual fund | ₹0.5 cr |
| THE WEALTH COMPANY MUTUAL FUND - THE WEALTH COMPANY BALANCED ADVANTAGE FUNDmutual fund | ₹0.5 cr |
| NPS TRUST A/C - AXIS PENSION FUND - NPS VATSALYA SCHEME | ₹0.3 cr |
From the issuer’s anchor allotment filing. A record of who was allotted what — not a recommendation.
- Anchor investors — first trancheSEBI ICDR 2018 Reg. 32(5)(b) — 50% of the anchor allocation, 30 days from allotment20 Aug 202650% of this tranche
- Anchor investors — second trancheSEBI ICDR 2018 Reg. 32(5)(a) — the remaining 50% of the anchor allocation, 90 days from allotment19 Oct 202650% of this tranche
- All other pre-issue capitalSEBI ICDR 2018 Reg. 17 — all other pre-issue capital, 6 months from allotment21 Jan 2027whole tranche releases on this date
- Promoters' minimum contributionSEBI ICDR 2018 Reg. 16(1)(a) — promoters' minimum contribution, 18 months from allotment21 Jan 2028whole tranche releases on this date
Computed from the SEBI ICDR 2018 lock-in rules, not disclosed by the issuer or the exchange. The regulation counts from the date of allotment, which no feed we ingest publishes, so these are counted from the listing date and fall at most two to three business days later than the true expiry.
Every offer document must set out the reasoning behind its own price: what the company earned in the years before it came to market, and what multiple of those earnings it is asking for. This is that chapter — the issuer’s argument for its price, not our assessment of it.
| Year | Basic | Diluted | Weight |
|---|---|---|---|
| FY2024 | ₹10.29 | ₹10.23 | 1 |
| FY2025 | ₹12.53 | ₹12.50 | 2 |
| FY2026 | ₹15.08 | ₹15.04 | 3 |
Figures as printed in the offer document's "Basis for Offer Price" chapter. A record of the case the issuer made for its own price, not our valuation of it.
Everything we extracted from this issue's offer document is the pricing justification rather than the restated statements — it is shown under how the offer was priced. The restated financial statements themselves have not been extracted for this issue.
We have not extracted this section from the offer document for this issue yet. It is read from the abridged prospectus, and several offer documents are served as .zip archives or as scanned pages with no text layer.
The offer document must name the listed companies the issuer considers comparable, and print their valuation figures beside its own. This is that list — the issuer’s choice of comparison, not ours.
| Company | P/E | P/B | RoNW | EPS | Income |
|---|---|---|---|---|---|
| Aditya Birla Sun Life Asset Management Company Limitednot in our universe | 34.5 | — | 25.5% | 33.76 | ₹18,450 cr |
| HDFC Asset Management Company Limited | 41.7 | — | 32.9% | 66.77 | ₹41,222 cr |
| ICICI Prudential Asset Management Company Limited | 49.4 | — | 85.8% | 66.73 | ₹57,646 cr |
| Nippon Life India Asset Management Limited | 51.1 | — | 34.5% | 24.05 | ₹27,087 cr |
| UTI Asset Management Company Limited | 31.6 | — | 11.2% | 31.51 | ₹16,981 cr |
The issuer's own figures as printed at the head of the same table — its claim about itself, on the same basis as its claims about the companies below.
Figures as PRINTED by the issuer in its own offer document. The comparison set is the issuer's choice, not ours.
| Firm | Issues | Typical listing move | Below issue @30d | @90d | @180d |
|---|---|---|---|---|---|
Axis Capital Limited 2021 – 2026 | 85 18 measurable | +11.7% | 4 of 14 | 1 of 5 | 2 of 8 |
BofA Securities India Limited 2022 – 2026 | 14 6 measurable | +13.4% | 2 of 6 | 0 of 1 | — |
HSBC Securities and Capital Markets Private Limited 2023 – 2026 | 12 2 measurable | +10.8% | 1 of 2 | 0 of 1 | 0 of 1 |
ICICI Securities Limited 2021 – 2026 | 87 12 measurable | +16.0% | 5 of 10 | 1 of 4 | 1 of 6 |
Jefferies India Private Limited 2022 – 2026 | 25 4 measurable | +21.1% | 2 of 5 | — | — |
JM Financial Limited 2021 – 2026 | 69 16 measurable | +13.3% | 5 of 10 | 0 of 2 | 0 of 3 |
Kotak Mahindra Capital Company 2021 – 2026 | 64 15 measurable | +16.6% | 3 of 14 | 1 of 3 | 2 of 4 |
Motilal Oswal Investment Advisors Limited 2022 – 2026 | 40 8 measurable | +22.8% | 2 of 5 | 0 of 1 | — |
SBI Capital Markets Limited 2022 – 2026 | 46 6 measurable | +5.4% | 3 of 5 | 0 of 1 | 0 of 1 |
| Firm | Issues | Typical listing move | Below issue @30d | @90d | @180d |
|---|---|---|---|---|---|
Kfin Technologies Limited 2021 – 2026 | 126 30 measurable | +7.9% | 8 of 18 | 2 of 5 | 2 of 5 |
A count of what happened to the other issues each firm was named on, computed from exchange closes. Not a rating, not a ranking, and not a view on the firm.
- Prospectus· PDF · exchange archive17 Jul 2026
- Red herring prospectus (RHP)· ZIP · exchange archive8 Jul 2026
- Draft red herring prospectus (DRHP)· ZIP · exchange archive19 Mar 2026
- Abridged prospectus· PDF · exchange archive8 Jul 2026
- Abridged prospectus· PDF · exchange archive24 Mar 2026
- Anchor investor allotment· ZIP · exchange archive
- Financial ratios advertisement· ZIP · exchange archive
Filed with SEBI and the exchanges by the issuer. These are the source for every figure on this page.
Compiled from NSE and SEBI offer documents and exchange feeds. A description of the issue and of the bids received — not investment advice, and not a view on whether to apply. No grey-market premium, no allotment lookup and no listing-gain estimate is published here.