SBI Funds Management’s IPO has received a strong vote of confidence from both global and domestic investors. The anchor book attracted participation from 129 marquee investors across geographies and investor categories, reflecting broad-based confidence in the business model, long-term growth strategy, and India’s expanding asset management opportunity.
SBI Funds Management Ltd, the largest asset management company (AMC) in India by quarterly average mutual fund assets under management (QAAUM), with QAAUM of Rs 12,509.98 billion and a mutual fund market share of 15.3% as of March 31, 2026, has garnered Rs 2,663 crore from anchor investors ahead of its initial public offering that opens for public subscription on Tuesday, July 14, 2026.
The company informed the bourses that it allocated 4,63,93,095 equity shares at Rs 574 per share to anchor investors.
The anchor allocation attracted 129 high-quality investors across geographies and investor categories, highlighting the strong institutional interest in SBI Funds Management’s IPO. The book was anchored by a distinguished set of long-term investors, including leading sovereign wealth funds, global asset managers, domestic mutual funds, insurance companies and alternative investment platforms. The participation of marquee institutions such as GIC, ADIA, Capital World Investors, BlackRock, Fidelity Management & Research (FMR), Goldman Sachs Asset Management and Norges Bank, together with India’s foremost institutional investors including LIC, HDFC Mutual Fund, ICICI Prudential Mutual Fund, Kotak Mahindra Mutual Fund, Nippon India Mutual Fund and HDFC Life Insurance, serves as a strong endorsement of SBI Funds Management’s market leadership and long-term growth prospects.
Some of the marquee institutions that participated in the anchor include :
| Name of Anchor Investor | No. of Equity Shares allocated | Total amount allocated (₹ Cr) |
| HDFC Mutual Fund | 3484312 | 200.0 |
| ICICI Prudential Mutual Fund | 3484312 | 200.0 |
| Capital World Investors | 3135886 | 180.0 |
| GIC | 3135886 | 180.0 |
| Life Insurance Corporation of India | 3135886 | 180.0 |
| Abu Dhabi Investment Authority | 1567930 | 90.0 |
| BlackRock | 1567930 | 90.0 |
| FMR | 1567930 | 90.0 |
| Goldman Sachs Asset Management | 1567930 | 90.0 |
| HCL Family Office | 1567930 | 90.0 |
| Kotak Mahindra Mutual Fund | 1567930 | 90.0 |
| Nippon India Mutual Fund | 1567930 | 90.0 |
| Nomura Asset Management | 1567930 | 90.0 |
| Norges | 1567930 | 90.0 |
| 360 ONE AIF II | 1306604 | 75.0 |
| Axis Mutual Fund | 871078 | 50.0 |
| Aditya Birla Sun Life Mutual Fund | 871078 | 50.0 |
| Franklin Templeton Mutual Fund | 871078 | 50.0 |
| HDFC Life Insurance | 871078 | 50.0 |
| ICICI Prudential Life Insurance | 871078 | 50.0 |
| MIT | 871078 | 50.0 |
23 Domestic Mutual Funds have applied through a total of 70 schemes which is 37.20% of the Anchor Investor portion and accordingly 1,72,57,336 equity shares in Anchor Investor Portion have been allocated to life insurance companies and pension funds.
20 bids were received from life insurance companies and pension funds in the Anchor Investor Portion, and accordingly 63,78,949 equity shares in Anchor Investor Portion have been allocated to life insurance companies and pension funds.
Earlier, SBI Funds Management completed its pre-IPO (Initial Public Offering) placement of around Rs 1880 crore.
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, and SBI Capital Markets Limited are the book-running lead managers, and KFin Technologies Limited is the registrar of the Offer.
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