SBI Mutual Fund IPO
UPCOMINGMAINBOARDDRHP Filed
Awaiting issue details
PAT (FY25)
₹2540.15 Cr
Analysis
6 strengths · 0 risks
- Price Band
- TBA
- Lot Size
- TBA
- Lot Value
- TBA
- Open Date
- TBATBA
- Close Date
- TBATBA
About SBI Mutual Fund
SBI Mutual Fund is an asset management company offering mutual funds, portfolio management services, and specialized investment funds. As of December 31, 2025, it held approximately 15.4% of total industry mutual fund QAAUM and is backed by State Bank of India, one of India's largest banks.
The company generates revenue primarily from investment management fees paid by mutual fund schemes pursuant to investment management agreements with the Trustee Company of SBI Mutual Fund.
Investment Analysis
Strengths (6)
- •Largest AMC in India by mutual fund QAAUM with 15.4% market share
- •Lowest operating expense ratio of 0.08% among top 10 AMCs
- •Dedicated research teams covering 400+ companies and 200+ fixed income issuers
- •Pan-India distribution through 130,296 MFDs, IFAs, and presence in 97.87% pin codes
- •Strong parentage from SBI and Amundi with 200+ years combined experience
- •Top-quartile performance: 11.36% equity schemes and 22.49% hybrid schemes over 3 years
GMP Trend
GMP data will appear a few days before the IPO opens.
Investor Quota
Subscription Status
Subscription data will appear once bidding begins.
Weigh your chances
IPO Timeline
Issue Opens
TBA
Issue Closes
TBA
Allotment
TBA
Listing
TBA
Issue Opens
TBA
Issue Closes
TBA
Allotment
TBA
Listing
TBA
IPO Details
| Registrar | — |
| Exchange | NSE, BSE |
| ISIN | — |
| Face Value | — |
| Issue Size | — |
| Fresh Issue | — |
| OFS Size | — |
| Lead Managers | Kotak Mahindra Capital Company Limited, Axis Capital Limited, BofA Securities India Limited, HSBC Securities and Capital Markets (India) Private Limited, ICICI Securities Limited, Jefferies India Private Limited, JM Financial Limited, Motilal Oswal Investment Advisors Limited, SBI Capital Markets Limited |
3-Year Financial Summary
| Fiscal Year | Revenue (₹Cr) | PAT (₹Cr) | EPS | P/E | ROE |
|---|---|---|---|---|---|
| FY25 | — | 2,540.15 | — | — | — |
| FY24 | — | 2,072.79 | — | — | — |
| FY23 | — | 1,339.71 | 12.53 | — | 33.77% |
Detailed Line Items (₹ Cr)
| Line Item | FY23 | FY24 | FY25 |
|---|---|---|---|
| EBITDA | 1,810.41 | 2,718.82 | 3,412.94 |
From the company's offer document (DRHP/RHP); restated figures where available.
Check the valuation yourself
Company Fundamentals
6 sections extracted from this filingCapital Structure
Capital structure not disclosed in this filing.The capital-structure table was not found in SBI Mutual Fund's offer document (common in abridged prospectuses).
Shareholding Pattern
Pre-Issue
Pre-Issue not disclosed in this filing.Not separately disclosed in SBI Mutual Fund's filing.
Post-Issue
Post-Issue not disclosed in this filing.Not separately disclosed in SBI Mutual Fund's filing.
Source: SBI Mutual Fund offer document (DRHP/RHP).
Reservations & OFS
Investor Reservation
- QIB+50.00%
- NII / HNI+15.00%
- Retail+35.00%
OFS Selling Shareholders
- State Bank of India12,83,34,397 sh
- Amundi India Holding7,53,74,842 sh
Source: SBI Mutual Fund offer document (DRHP/RHP).
Board & Management
Board & management not disclosed in this filing.Director/KMP details were not extracted from SBI Mutual Fund's filing.
Industry & Market
Largest asset management company in India by quarterly average mutual fund assets under management (QAAUM) with market share of 15.4% as of December 31, 2025
Per CRISIL Intelligence - Assessment of Mutual Fund industry in India (dated March 2026), a report commissioned by the company (not independent).
Peer Comparison
| Company | P/E | EPS | RoNW % | NAV |
|---|---|---|---|---|
| SBI Mutual Fund | — | 12.5 | 33.77 | 40.85 |
| ICICI Prudential Asset Management Company Limited | 53.73 | 53.6 | 82.8 | 71.2 |
| HDFC Asset Management Company Limited | 41.5 | 57.38 | 32.36 | 189.82 |
| Nippon Life India Asset Management Limited | 41.12 | 20.03 | 31.39 | 66.38 |
| Aditya Birla Sun Life Asset Management Company Limited | 28.99 | 32.18 | 26.99 | 129.19 |
| UTI Asset Management Company Limited | 16.68 | 57.11 | 16.28 | 359.37 |
Material Litigation
SBI Mutual Fund faced a SEBI investigation (initiated June 20, 2007) for suspected insider trading in Polaris Software Lab Limited securities between April 1-May 31, 2002, alleging trading while in possession of unpublished price sensitive information regarding a merger; SBI Mutual Fund denied all allegations in its June 30, 2008 response and no further action has been taken by SEBI since then.
Lead Managers (BRLMs)
Click any merchant banker for their full IPO track record (positive listing rate, average gain, IPOs managed).
Documents
Frequently Asked Questions
When is the SBI Mutual Fund IPO opening?
The SBI Mutual Fund IPO dates have not yet been announced. Check this page for the latest updates as we refresh every 30 minutes.
What is the price band of the SBI Mutual Fund IPO?
The price band for the SBI Mutual Fund IPO is not yet announced. The final price is announced after the book-building process and is confirmed before listing.
What is the lot size and minimum investment for the SBI Mutual Fund IPO?
The minimum lot size is TBA shares with a minimum investment of not yet announced. Retail investors can apply for up to the retail limit defined by SEBI.
What is the GMP of SBI Mutual Fund IPO today?
Grey Market Premium data for SBI Mutual Fund is not available yet. It typically starts appearing a few days before the IPO opens.
When will the SBI Mutual Fund IPO list on NSE and BSE?
The listing date for the SBI Mutual Fund IPO has not been announced yet. It is typically 5 to 6 working days after the subscription closes.
How can I check the SBI Mutual Fund IPO allotment status?
You can check your allotment status on the registrar's portal using your PAN, application number, or DP ID. We link to the registrar directly on our allotment page after the allotment date.
Is the SBI Mutual Fund IPO a mainboard or SME issue?
SBI Mutual Fund is a mainboard IPO that will list on the main NSE and BSE boards. Mainboard IPOs are open to retail investors with a minimum application of one lot.
How do I apply for the SBI Mutual Fund IPO?
You can apply for the SBI Mutual Fund IPO through any SEBI-registered broker such as Zerodha, Upstox, or Angel One using UPI or ASBA while the issue is open for bidding.
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