Overview
- SBI Funds Management reached full subscription on Day 2, Wednesday, July 15, registering about 1.17 times bids on exchange data and moving to allotment ahead of a stock-market debut next week.
- The offer is an offer-for-sale with a price band of Rs 545-574 and a post-placement public issue size of roughly Rs 9,812.9 crore after pre-IPO placements and anchor allocations.
- Grey-market premiums and broker commentary have signalled an expected listing uplift in the mid-teens percent range, supported by a strong anchor book that included global and domestic institutional investors.
- All sale proceeds go to the selling shareholders State Bank of India and Amundi, and the IPO will crystallize large ESOP windfalls that are set to make about 13 senior executives crorepatis.
- SBI Funds is India’s largest asset manager by QAAUM at about Rs 12.5 lakh crore, the listing values the stock at roughly 38x FY26 earnings at the top band, and the company’s performance will remain closely tied to AUM growth, fund returns and regulatory changes.