LIVE BLOG14 Jul 2026 | 08:51:15 AM ISTSBI Funds Management Ltd. is reportedly preparing to file draft papers for its $1.5 billion IPO next week.SynopsisSBI Funds Management IPO GMP Live Updates: SBI Funds Management's Rs 9,813-crore IPO opens today with an Rs 89 grey market premium, implying a 16% listing gain. The issue closes on July 16 and is entirely an OFS.India's largest asset manager, SBI Funds Management, has launched its Rs 9,813-crore IPO, with the public issue open for subscription from July 14 to July 16. The IPO is priced at Rs 545-574 per share and is a complete Offer for Sale by SBI and Amundi India Holding. IntroductionSBI Funds Management's Rs 9,813-crore IPO has opened for public subscription and will close on July 16.SBI Funds Management IPO GMP - Latest DetailsThe grey market premium stands at around Rs 89, indicating a potential 16% listing gain over the upper price band.SBI Funds Management IPO Price Band and Lot SizeThe IPO is priced at Rs 545-574 per share, with a minimum application of 26 shares (Rs 14,924).SBI Funds Management IPO Opening Date and SubscriptionThe issue opened on July 14 and remains open until July 16.SBI Funds Management IPO Allotment DateThe basis of allotment is expected on July 17, with listing tentatively scheduled for July 21.SBI Funds reduces IPO size to Rs 9,813 crore after pre-offer placement. Will it impact listing gains?SBI Funds Management has cut its IPO size to Rs 9,813 crore from Rs 11,693 crore after raising Rs 1,655 crore through a pre-IPO placement with 30 anchor investors. Show more Show less1 New UpdateSBI Funds Management IPO Live: FY26 net profit rises 21% to Rs 3,068 croreSBI Funds Management IPO Day 1 Live: SBI Funds Management reported a 21% year-on-year increase in FY26 net profit to Rs 3,068 crore, extending its strong earnings growth over the past three financial years.SBI Funds Management IPO Live: Over 16 million investors trust SBI Funds ManagementSBI Funds Management IPO Day 1 Live: As of December 31, 2025, SBI Funds Management served more than 16.05 million individual and institutional investors, reinforcing its leadership in India's asset management industry.SBI Funds Management IPO Live: India's largest mutual fund manager by AUMSBI Funds Management IPO Day 1 Live: Established in 1992, SBI Funds Management manages SBI Mutual Fund and oversees assets worth around Rs 16.32 lakh crore, accounting for nearly 15.5% of India's mutual fund industry's total AUM.SBI Funds Management IPO Live: IPO timeline: Allotment and listing datesSBI Funds Management IPO Day 1 Live: The IPO closes on July 16, with the basis of allotment expected on July 17. Shares are tentatively scheduled to list on the NSE and BSE on July 21.SBI Funds Management IPO Live: Company raised Rs 1,655 crore before IPOSBI Funds Management IPO Day 1 Live: Ahead of the public issue, SBI Funds Management raised Rs 1,655 crore through a pre-IPO placement, allotting 2.88 crore shares to 30 marquee institutional investors.SBI Funds Management IPO Live: Rs 9,813-crore issue is entirely an OFSSBI Funds Management IPO Day 1 Live: The Rs 9,813-crore IPO is a complete Offer for Sale (OFS) of 20.37 crore equity shares. Proceeds from the issue will go to selling shareholders SBI and Amundi India Holding.SBI Funds Management IPO Live: Price band fixed at Rs 545-574 per shareSBI Funds Management IPO Day 1 Live: The company has fixed the IPO price band at Rs 545-574 per equity share. Retail investors can bid for a minimum lot of 26 shares, requiring an investment of Rs 14,924 at the upper band.SBI Funds Management IPO Live: GMP signals nearly 16% listing premiumSBI Funds Management IPO Day 1 Live: The SBI Funds Management IPO is commanding a grey market premium (GMP) of Rs 89, indicating an expected listing gain of nearly 16% over the upper price band, if current market sentiment holds.SBI Funds Management IPO Live: SBI Funds Management IPO opens for subscription todaySBI Funds Management IPO Day 1 Live: India's largest asset management company, SBI Funds Management, has opened its Rs 9,813-crore IPO for public subscription today. The issue will remain open until July 16.