New Delhi, July 10 -- The initial public offering (IPO) of SBI Funds Management will open on July 14 and is estimated to raise Rs.11,693 crore from the primary market. The issue will close on July 16, and is set to be the largest IPO of 2026 so far

SBI Funds Management IPO price band has been set at Rs.545 - Rs.574 per share. The issue comprises an offer for sale (OFS) of over 20.37 crore equity shares by promoters State Bank of India (SBI) and Amundi India Holding.

SBI will offload up to 12,83,34,397 equity shares, representing 6.3% of SBI Funds Management's paid-up equity share capital, while Amundi India Holding will sell up to 7,53,74,842 shares, equivalent to a 3.7% stake in the OFS.

As per the allocation structure, up to 50% of t...