By continuing, you agree to LoansJagat's Credit Report Terms of Use, Terms and Conditions, Privacy Policy, and authorize contact via Call, SMS, Email, or WhatsApp
Disclaimer: The information published on LoansJagat is intended for general informational and educational purposes only and should not be considered financial, legal, or investment advice. Interest rates, loan terms, statistics, and other data may change over time and may vary by lender or source. Please verify the latest information and consult a qualified financial advisor or the respective Bank/NBFC before making any financial decisions.
Subscribe Now
About the author
LoansJagat Team
‘Simplify Finance for Everyone.’ This is the common goal of our team, as we try to explain any topic with relatable examples. From personal to business finance, managing EMIs to becoming debt-free, we do extensive research on each and every parameter, so you don’t have to. Scroll up and have a look at what 15+ years of experience in the BFSI sector looks like.
Related Blog Post
Simplify All Your Loans Into One Affordable EMI
Customers Served
Debt Consolidated
1200+ Reviews
Locations in India
Club all Loans & Credit Card Bills into Single EMI
Quick Apply Loan
Consolidate your debts into one easy EMI.
Takes less than 2 minutes. No paperwork.
10 Lakhs+
Trusted Customers
2000 Cr+
Loans Disbursed
4.7/5
Google Reviews
50+
Banks & NBFCs Offers
Other services mentioned in this article
Key Takeaways
Shareholders of SBI Mutual Fund who hold unlisted shares of SBI Mutual Fund have earned a profit of almost 3.8x in three years. The share was priced at ₹900 at the start of 2023 but now valued at ₹3,432 (before bonus).
After the bonus, valuation with split ratio of 3:1 in the share price on December 18, 2025, is ₹858. The company is likely to earn around ₹12,000 crore – ₹12,500 crore from the IPO and valuation would be around ₹1.20 lakh crore- ₹1.25 lakh crore.
The IPO is entirely an offer for sale. SBI is selling up to 12.83 crore shares, and Amundi is selling up to 7.54 crore shares. No fresh capital will enter the company through this issue. Unlisted shares currently command a market capitalisation of ₹1.75 to ₹1.80 lakh crore in the pre-IPO space.
SBI Funds Management reported revenues of ₹2,161.6 crore in FY23 and ₹3,597.8 crore in FY25. It is a compound annual growth rate of 16%. The SIP flows have grown from ₹1,940 crore in FY23 to ₹3,960 crore by December 2025. The number of monthly SIP transactions is at 1.67 crore, with 1.61 crore unique investors as of the latest filing.
According to LoansJagat’s blog on SIP investing, in 2023, over ₹1.5 lakh crore was invested through SIPs across India, reflecting the strong and growing base of retail mutual fund investors who could participate in schemes run by India's largest AMC.
*T&C Apply
Hitesh Dharawat, Co-founder of Mumbai-based Dharawat Securities, said the IPO price band is expected to come below the current unlisted price. He noted that pre-IPO companies command a scarcity premium in unlisted markets.
Umesh Paliwal, Co-founder of Delhi-NCR-based UnlistedZone, said SBI Mutual Fund is commanding a scarcity premium due to supply-demand mismatch. “It will be competing with peers like HDFC AMC and ICICI Prudential AMC, but its current valuations are comparatively expensive relative to them,” he said.
New buyers at ₹858 may be paying 28 to 31% above the expected IPO valuation range, making the risk-reward less favourable than it was for 2023 buyers.
Navy Vijay Ramavat, Managing Director at Indira Securities, said, “It all comes down to valuation, and if priced correctly, it could see bumper demand.” Experts broadly recommend waiting for the official IPO price band before committing fresh capital.
SBI Mutual Fund’s pre-IPO story is a case study in unlisted market timing. Those investors who had invested at ₹900 in 2023 would have gained 3.8x by June 2026. The highest 5-year return of SBI schemes was delivered by SBI Midcap Fund with a return of 15.47% as of June 19, 2026. New investors should consider their valuations properly before the listing that takes place in July.
Is SBI Mutual Fund IPO fairly priced at the current unlisted share price of ₹858 in June 2026?
At ₹858, analysts say new buyers may be paying 28 to 31% above the expected IPO price band. Hitesh Dharawat of Dharawat Securities confirmed the IPO price band will likely come below the current unlisted price. Wait for the official price band before deciding.
Should SBI Mutual Fund SIP investors hold or redeem their units before the July 2026 IPO listing?
The IPO does not affect existing SBI Mutual Fund scheme investors. Your SIP units are separate from the company's stock listing. However, if you bought unlisted shares at ₹900 in 2023 and are sitting on 3.8x gains, exiting before listing is a personal risk call.
.png&w=3840&q=75)
