India's Largest AMC SBI Funds Management IPO Opens for Subscription: Check GMP and Key Details

SBI Funds Management IPO opened for subscription on July 14, 2026, with a price band of Rs 545 to Rs 574 per share.

The Rs 9,812.90 crore issue is entirely an Offer for Sale by State Bank of India and Amundi.

The grey market premium (GMP) is Rs 93, implying an estimated listing price of Rs 667 per share.

The minimum investment for retail investors is Rs 14,924 for one lot of 26 shares.

SBI Funds Management is India's largest asset manager with over Rs 12.5 lakh crore in assets and a 15% market share.