NSE Mainboard · Series EQ · Forthcoming Issue
SBI Funds Management Limited — Initial Public Offering
Symbol: SBIFUNDS (Series: EQ) · Source: NSE India — All Upcoming Issues (IPO)
Issue Period
14 – 16 Jul 2026
Price Band
₹545 – ₹574 /share
Bid Lot
26 shares
UPI Mandate Cut-off
16 Jul, 5:00 PM
Issue Details
| Company | SBI Funds Management Limited |
|---|---|
| Symbol | SBIFUNDS Mainboard · Forthcoming |
| Issue Period | 14-Jul-2026 to 16-Jul-2026 |
| Cut-off Time for UPI Mandate Confirmation | 16-Jul-2026 (upto 5:00 PM) The new cut-off time for UPI mandate acceptance is 05:00 PM on the last day of IPO bidding. Bids with confirmed status of mandate amount blocked (RC100) shall be considered as valid applications. Investors are advised to submit their UPI applications well in advance to avoid any last-minute technical/systemic constraints. |
| Issue Size | Initial Public Offer comprising Offer for Sale of up to 17,09,56,631 Equity Shares (including Eligible Employees Reservation Portion of up to 32,57,347 Equity Shares and Shareholder Reservation Portion of up to 1,30,55,629 Equity Shares) |
| Issue Type | 100% Book Building |
| Price Range | ₹545 to ₹574 per equity share |
| Discount | ₹54 per equity share to Eligible Employees |
| Face Value | ₹1 per equity share |
| Tick Size | ₹1 |
| Bid Lot | 26 Equity Shares and in multiples thereof |
| Minimum Order Quantity | 26 Equity Shares |
| Maximum Subscription Amount for Retail Investor | ₹2,00,000 |
| Maximum Subscription Amount for Eligible Shareholders | ₹2,00,000 |
| Maximum Subscription Amount for Eligible Employees | ₹5,00,000 |
| IPO Market Timings | 10:00 a.m. to 5:00 p.m. |
| Categories | FI, IC, MF, FII, OTH, CO, IND, NOH, EMP and SHA |
| Sub-Categories Applicable for UPI | IND, EMP (upto ₹5 Lakhs) and SHA (upto ₹2 Lakhs) |
Intermediaries
| Book Running 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 |
|---|---|
| Sponsor Bank | ICICI Bank Limited, Kotak Mahindra Bank Limited and State Bank of India |
| Name of the Registrar | KFin Technologies Limited |
| Address of the Registrar | 301, The Centrium, 3rd Floor, 57 Lal Bahadur Shastri Road, Nav Pada, Kurla (West), Kurla, Mumbai 400 070, Maharashtra, India |
| Contact Person | M. Murali Krishna · +91 40 67162222 · sbifml.ipo@kfintech.com |
Forms, Documents & Resources
| e-Form (Online IPO Application) | Apply online via NSE GO-BID e-Forms portal |
|---|---|
| Branches of Self Certified Syndicate Banks (SCSBs) | Branches where syndicate / sub-syndicate members can submit the ASBA form — refer to the SCSB List |
| Ratios / Basis of Issue Price | Download Ratios / Basis of Issue Price |
| Red Herring Prospectus | Download the Red Herring Prospectus (RHP) |
| Bidding Centers | Download Bidding Centers |
| Sample Application Forms | Download Sample Application Forms |
| Security Parameters (Pre Anchor) | Download Security Parameters (Pre Anchor) |
| Processing of ASBA Applications | NSE Circular on ASBA Application Processing |
| Mobile Applications Accepting UPI | View the list of mobile apps accepting UPI as a payment option |
| Video — UPI-Based ASBA Process | Watch the UPI-based ASBA process video on NSE India's YouTube channel |
| Video — BHIM UPI Registration | Watch the BHIM UPI registration video on NSE India's YouTube channel |
ASBA Mandatory: All investors shall mandatorily use only the Application Supported by Blocked Amount (ASBA) facility for making payments in this issue.
Remark — Bid Modification: The dedicated window provided for bid modification (modification of selected fields viz. DP ID/Client ID or PAN ID, Bank code and Location code) on T+1 day (T being the last day of bidding) shall not be available now. The bid modification of selected fields shall be allowed during the bidding period of the IPO only.
SEBI Circular Compliance*: As per SEBI circular no. SEBI/HO/CFD/DIL2/CIR/P/2019/76 dated 28 June 2019, all are requested to comply with the provisions of the aforementioned circular, which states: Intermediaries shall retain physical application forms submitted by retail individual investors with UPI as a payment mechanism for a period of six months and thereafter forward the same to the issuer / Registrar to the Issue. However, in case of electronic forms, printouts of such applications need not be retained or sent to the issuer. Intermediaries shall, at all times, maintain the electronic records relating to such forms for a minimum period of three years.
