SBI Funds Management Ltd’s Initial Public Offering to open on Tuesday, 14 July, 2026Price band set at Rs 545 – Rs 574 per Equity Share

Chandigarh  July  17 : SBI Funds Management Ltdhas fixed the price band of ₹ 545 to ₹ 574per Equity Share of face value ₹1/- each for its maiden initial public offer.  The Initial Public Offering (“IPO” or “Offer”) of the Company will open on Tuesday, 14 July, 2026, for subscription and close on Thursday, 16July, 2026. Investors can bid for a minimum of 26 Equity Shares and in multiples of 26 Equity Shares thereafter. The IPO is an offer-for-sale for up to 203,709,239 Equity shares of face value of ₹1 each. The Anchor Investor Bid/ Offer Opens and Closes on Monday, July 13, 2026. Originally incorporated in 1992, the company is the largest asset management company (“AMC”) in India by quarterly average mutual fund assets under management (“QAAUM”), with QAAUM of ₹12,509.98 billion and a mutual fund market share of 15.3% as of March 31, 2026, a position that it has consistently held since March 2021 (Source: CRISIL Report, paragraph 1, page 209). Including its Portfolio Management Services (“PMS”) and other advisory mandates (collectively with PMS, “Alternates”), its total QAAUM was ₹29,461.05 billion as at March 31, 2026. The company is India’s oldest AMC, acting as the investment manager to SBI Mutual Fund, which commenced operations in June 1987 as the first mutual fund entity outside the Unit Trust of India (Source: CRISIL Report, paragraph 1, page 216).  The company is also India’s largest passive (exchange traded fund (“ETF”) and index funds) asset manager with passive (ETF and index funds) QAAUM of ₹4,055.26 billion representing a market share of 27.9% as at March 31, 2026, a leadership position it has held since March 2021 (Source: CRISIL Report, paragraph 1, page 210). Its total QAAUM has grown at a compound annual growth rate (“CAGR”) of 14.22% between March 31, 2024, and March 31, 2026, while its mutual fund QAAUM has grown at a CAGR of 16.97% during the same period.