SBI Fund Management IPO Shareholder Quota:
The IPO also has a special quota for existing State Bank of India (SBI) shareholders. About 1.3 crore shares, worth nearly ₹750 crore at the upper price, have been reserved for them.
In addition, ₹170 crore worth of shares have been reserved for eligible employees. They will get a discount of ₹54 per share, while existing SBI shareholders will not receive any discount.
At the highest IPO price, SBI Funds Management will have a market value of around ₹1.17 lakh crore, making it one of the biggest companies by market capitalisation in the Nifty 50.
State Bank of India (SBI) currently owns 98.19% of the company. After the IPO, its stake will fall to 88.19%, but it will still remain the majority owner and meet the required promoter holding rules.
Investors: one share of SBI in your demat account, and you are eligible for SBI fund management IPO shareholder quota.
IPO information:
Investors must apply for at least 26 shares, which is one lot. At the highest IPO price of ₹574 per share, they will need to invest at least ₹14,924. If they want to buy more, they can apply in multiples of 26 shares.
The IPO shares have been set aside for different types of investors:
- Qualified Institutional Buyers (QIBs): 50%
- Retail investors: 35%
- Small High Net-worth Individuals (HNIs): 5%
- Large HNIs: 10%
IPO Dates:
- Anchor book opens: July 13
- IPO opens: July 14
- IPO closes: July 16
- Basis of allotment: July 17
- Refunds and demat credit: July 20
- Expected listing: July 21, 2026
4 Responses
Should we hold the allotted shared against this IPO or sell on listing
nope if you want to have the fund in another work , sell it and if not , then hold it
The IPO allotment date was July 17, and today is July 18, but my IPO allotment is still not showing. Your company’s service is extremely poor.
Hi Tushar,
The allotment is out now! Please check.