SBI Funds Management Limited

SBI Funds Management Limited (New IPO): GMP, Price, Review, Profit

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SBI Funds Management Limited is a leading asset management company engaged in managing mutual funds and providing portfolio management and investment advisory services to institutional and retail investors. It operates as the investment manager to SBI Mutual Fund, handling a wide range of equity, debt, and hybrid investment schemes.

It offers a wide range of investment products including equity, debt, hybrid mutual funds, ETFs, index funds, and alternative investment products, along with portfolio management and advisory services for institutional and HNI clients.
It has a strong nationwide distribution network (via SBI branches & partners) and serves millions of investors (50+ lakh+) across India, with a leading ~15.5%-16% market share, making it the largest AMC in India.

SBI Funds Management Limited was incorporated on 7 February 1992 & currently Mr. Devinder Pal Singh serves as the CEO of the company.

SBI Funds Management Limited has filed its DRHP with SEBI for a proposed IPO featuring entirely as an Offer for Sale (OFS) of 203,709,239 Equity Shares.

Subscription date to apply for the IPO is yet to be announced. Price band for the IPO is also pending to be declared.

Check DRHP
Check IPO Allotment
Visit Official Website
Issue Size:203,709,239 Equity Shares
Fresh Issue:₹ 00 Cr
Offer for Sale:203,709,239 Equity Shares
Price Range:TBA
Lot Size:TBA
GMPPending

SBI Funds Management Limited important data points

Revenue, PAT, EBITDA

YearFiscal 2025
Networth₹ 8297.53 Cr
Revenue:₹ 3597.75 Cr
EBITDA₹ 3412.94 Cr
PAT₹ 2540.15 Cr
EBITDA Margin:~94.86%
PAT Margin~70.60%
Face Value:₹ 10

IPO important dates

Open Date:TBA
Close Date:TBA
Anchor Investor BiddingTBA
Allotment Date:TBA
Refunds & Demat CreditTBA
Tentative Listing Date:TBA

Use of Proceeds

PurposeAmount
Setting up New Manufacturing facility₹ 00 Cr
Working Capital Requirement₹ 00 Cr
Borrowing prepayment/repayment₹ 00 Cr
Offer For Sale (Promoters)100%

SBI Funds Management Limited Financial Data

202320242025
Revenue (₹ Cr)₹ 2,161.6₹ 2,690.6₹ 3,597.8
PAT (₹ Cr)₹ 1,339.7₹ 2,072.8₹ 2,540.2
Asset (₹ Cr)₹ 4,984.2₹ 7,106.9₹ 8,771.9
Net Worth (₹ Cr)₹ 4,751.4₹ 6,747.7₹ 8,297.5

SBI Funds Management Ltd IPO Grey Market Premium

DateIPO PriceIPO GMPProfit per lot
28-May₹ –₹ –₹ –
27-May₹ –₹ –₹ –
26-May₹ –₹ –₹ –
25-May₹ –₹ –₹ –
24-May₹ –₹ –₹ –
SBI Funds Management Limited

SBI Funds Management Ltd Pro’s and Con’s

Strengths:

  • Market leader in India’s AMC space with ~16% share, backed by State Bank of India brand strength.
  • Strong and diversified product portfolio across equity, debt, hybrid, and passive funds.
  • Large and sticky investor base with deep distribution via SBI’s nationwide network.
  • Asset-light, high-margin business model with consistent profitability and cash flows.
  • Growth tailwinds from rising mutual fund penetration and financialization of savings in India.

Risks:

  • IPO is entirely Offer for Sale (OFS), so no fresh capital infusion for business growth.
  • Revenue heavily dependent on market performance and AUM fluctuations.
  • Intense competition from established players like HDFC Asset Management Company and Nippon Life India Asset Management.
  • Increasing shift toward low-cost passive funds may pressure margins.
  • Regulatory changes by Securities and Exchange Board of India could impact fee structures and profitability.

SBI Funds Management Limited Promoters – Pre offer equity (Approx)

Promoters%Shares
State Bank of India~ 61.76 %
Amundi India Holding~ 36.26 %
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SBI Funds Management Limited Lot Size details

Application TypeLot SizeNo. of LotNo. of SharesInvestment Amount
Retail (Min)–1–₹ –
Retail (Max)–13–₹ –
HNI (Min)–14–₹ –
HNI (Max)–66–₹ –
Big HNI (Min)–67–₹ –

Annual Returns + Lead Managers / Registrars of SBI Funds Management Limited

ROE33.77%
ROCE–
RoNW33.77%
Lead / Book Running Lead ManagersKotak Mahindra Capital Company Limited, Axis Capital Limited, HSBC Securities and Capital Markets (India) Private Limited, BofA Securities India Limited, SBI Capital Markets Limited, Jefferies India Private Limited, ICICI Securities Limited, JM Financial Limited, Motilal Oswal Investment Advisors Limited
Registrar (RTA)KFin Technologies Limited

SBI Funds Management Limited FAQ’s

  • It is India’s largest AMC managing mutual funds, ETFs, and portfolio services with ₹12+ lakh crore AUM, serving millions across retail and institutional investors.
  • The IPO is purely an Offer for Sale, allowing promoters like SBI and Amundi to partially exit and unlock value; company will receive no fresh capital.
  • The IPO is 100% Offer for Sale (OFS) of  ~20.37 Cr Equity shares. It will be listed on NSE and BSE platform.
  • Key risks include revenue depends on market-linked AUM performance, intense AMC competition, regulatory fee caps, and rising shift toward low-cost passive investing affecting margins.
  • Potential upsides include market leader with strong brand backing, high profitability, scalable asset-light model, and growth from increasing mutual fund penetration in India.
  • Investors can apply for the IPO through ASBA via net banking or using UPI through registered stock brokers once the IPO opens for subscription.

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