Mega IPO of 2026 has arrived! SBI Funds will raise Rs 11,693 crore, a big opportunity for investors?

Business Desk – The biggest IPO of the year 2026 is going to come in the Indian stock market. SBI Funds Management Limited, a subsidiary of the country’s largest public sector bank State Bank of India (SBI), has filed the Red Herring Prospectus (RHP) for its much-awaited public issue.

The company is preparing to raise about Rs 11,693 crore through this IPO. This issue will open for investors from July 14 and tremendous enthusiasm is being seen in the market regarding it.

IPO will open from July 14, price band Rs 545 to 574

SBI Funds Management has fixed the price band of Rs 545 to Rs 574 per share for the IPO. Before the price band was decided, the company’s shares were trading around Rs 830 per share in the unlisted market. Investors will be able to apply for this issue from July 14. At the upper end of the price band, the estimated market capitalization of the company will be around Rs 1 lakh 17 thousand crore, which will further strengthen its position among the largest asset management companies of the country.

There will be no new shares in IPO, promoters will sell stake

This IPO is completely based on Offer for Sale (OFS). That means the company will not issue any new shares and the amount received from the IPO will not go to the company. In this, SBI will sell its 6.3 percent stake, i.e. about 12.83 crore shares.

At the same time, the company’s joint venture partner Amundi India Holding will launch its 3.7 percent stake, i.e. about 7.56 crore shares, in the market. At present SBI and Amundi hold about 98 percent stake in the company. This stake was transferred to Amundi from Societe Generale SA in 2011.

This year’s first IPO larger than billion dollars

This issue of SBI Funds will be the first IPO of the year 2026, whose size is more than one billion dollars. In such a situation, domestic and foreign investors are keeping an eye on this issue. Market experts believe that this IPO can also prove to be a big milestone for the Indian mutual fund industry.

Launch fixed even amid market fluctuations

In recent times, after the tension in West Asia subsided, many big companies had intensified preparations for their IPO. However, after US President Donald Trump’s statement regarding Iran, instability once again increased in the global markets and a sharp decline was also recorded in the Indian stock market. Sensex and Nifty saw a fall of more than two percent in a single day, which was considered the biggest one-day fall since March. Despite this, SBI Funds has not made any changes in the timeline of its IPO launch.

Company said- There will be ups and downs in the market, but trust remains intact

Devashish Mishra, Managing Director and Chief Executive Officer of SBI Funds Management, says that there is always uncertainty in the market, but it does not affect the company’s business model and investor confidence. According to him, even if the market situation had been more challenging, the plan to launch the IPO would not have been changed. He said that after the listing, the transparency and accountability of the company will increase, which will also strengthen the mutual fund industry.

The country’s largest asset manager

SBI Funds Management is among the largest asset management companies in India. The company has assets under management (AUM) of more than Rs 29 lakh crore. It serves approximately 1.8 crore unique investors and operates 128 mutual fund schemes. The company is also getting the biggest benefit from the increasing number of mutual fund investors in the country.

Company’s earnings are continuously strengthening

The total revenue of the company in the financial year 2026 was Rs 4,390 crore, which is 22 percent more than Rs 3,598 crore in the last financial year. During the same period, the company’s net profit increased by 21 percent to Rs 3,067 crore, whereas in FY 2025 it was Rs 2,540 crore. Earlier in the financial year 2024, the company had registered a profit of Rs 2,073 crore on a revenue of Rs 2,691 crore. Continuously increasing income and profits indicate the strong financial position of the company.

Allotment on 18th July, listing of shares on 21st July

Share allotment for investors investing in IPO is likely to be final on July 18. After this, on July 21, the company’s shares will be listed on NSE and BSE.

Know what is Red Herring Prospectus (RHP)

Red Herring Prospectus i.e. RHP is the official document which any company submits to the market regulator before launching an IPO. In this, the company’s business, financial position, promoters, risks, objective of IPO and all the information necessary for investors are given in detail. This document provides the most important basis to investors in taking the decision to invest in any IPO.