✅ Subscribe
Listed
Capital Markets
SBI Funds Management Limited IPO
₹9,813 Cr · Offer for Sale (OFS) · Capital Markets
Price Band
₹545 – ₹574
Lot: 26 shares (₹14,924)
GMP (Grey Market)
₹65 (+11.32%)
Est. listing ₹639
Issue Size
₹9,813 Cr
Offer for Sale (OFS)
Market Cap
₹116913.90 Cr
At upper band
P/E Ratio
38.1x
P/S: 26.6x
Listing Date
21 Jul 2026
BSE & NSE
IPO Timeline
✓
Opens
14 Jul 2026
✓
Closes
16 Jul 2026
✓
Allotment
17 Jul 2026
✓
Refund
20 Jul 2026
✓
Listing
21 Jul 2026
IPO India Hub Recommendation: Subscribe
We recommend subscribing to the IPO because the company has strong backing and solid earnings. The main risk is the premium valuation which may pressure returns if growth slows.
Our Analysis — Key Points
✓ Strength
Strong backing from State Bank India
The company is promoted by State Bank of India, which gives it access to a vast retail and institutional client base. This relationship helps in distribution of its mutual fund products and cross‑selling opportunities.
✓ Strength
Large asset base drives steady earnings
The company reported revenue of ₹4,389.49 crore and net profit of ₹3,067.38 crore in the latest fiscal year, showing strong profitability. Such earnings margin is high for a capital‑markets firm and supports cash flow generation.
⚠ Risk
High valuation may pressure future returns
The issue is priced at a P/E of about 38x and a P/S of 26.6x, which is considerably higher than many peers. If earnings growth slows, the share price could face downward pressure.
$ Valuation
P/E and P/S suggest premium relative
At the top of the price band the market capitalisation would be roughly ₹116,914 crore, implying a P/E of 38.1x and a P/S of 26.6x. These multiples indicate the stock is trading at a premium and leaves little room for error.
Top Analyst Reviews
| Analyst / Firm | Rating | Known For | Review |
|---|---|---|---|
| IPO India Hub Our independent review |
Original analysis based on DRHP & public financials | This page | |
| Dilip Davda Chittorgarh.com |
India's most followed independent IPO analyst | Search on Chittorgarh → | |
| Capital Market (CM Rating) CapitalMarket.com |
Widely-cited "New Issue Monitor" reports | Search on CapitalMarket → | |
| ICICI Securities ICICIdirect Research |
SEBI-registered broker research desk | Visit ICICIdirect → | |
| IPO Guru Analyst Leaderboard ipoguru.in |
Ranks 49 analysts by real IPO outcome accuracy | View leaderboard → |
External links go to each platform's IPO section — search for "SBI Funds Management Limited" to find the specific review. IPO India Hub does not represent the accuracy of third-party ratings.
Company Snapshot
Revenue
₹4389.49 Cr
Net Profit
₹3067.38 Cr
Industry
Capital Markets
Issue Type
Offer for Sale (OFS)
Promoters
STATE BANK OF INDIA, AMUNDI INDIA HOLDING AND AMUNDI ASSET MANAGEMENT
Lead Managers
Kotak Mahindra Capital, Axis Capital, BofA Securities, HSBC Securities, ICICI Securities, Jefferies, JM Financial, Motilal Oswal Investment Advisory and SBI Capital Markets
Quick Actions