Invest in SBI Funds Management Unlisted Shares

SBI FUNDS MANAGEMENT LIMITED Unlisted shares

SBI Funds Management — the manager of SBI Mutual Fund, India’s largest fund house — is scheduled to list on the stock exchanges on July 21, 2026, following its IPO of approximately ₹9,813 crore (reduced from an earlier ~₹11,693 crore plan after a ₹1,880 crore pre-IPO raise). State Bank of India’s board had approved selling a 6.3% stake through the offer, and the company issued bonus shares to existing holders ahead of the IPO.

SBI Funds Management Share	Details
Our indicative Buy / Sell (pre-listing)	₹800 / ₹860 per share
Lot Size	100 shares
ISIN	INE640G01020
Promoters	State Bank of India & Amundi
Milestone	First Indian fund house to cross ₹10 lakh crore AUM
Status	IPO complete — listing July 21, 2026

What This Means If You HOLD SBI Funds Management Unlisted Shares

You’re about to have a listed stock. From July 21, your shares trade on the exchange like any listed share.
The 6-month lock-in applies. Under SEBI rules, pre-IPO shares held by retail and HNI investors are locked in for six months from the listing date — you can sell on the exchange only after that window ends (AIF Cat-II holders are exempt; VC/FVCI lock-ins run from acquisition). Confirm your category before planning an exit.
Keep your paperwork. Your purchase deal notes and payment proofs establish cost of acquisition for capital gains when you eventually sell.

What This Means If You Wanted to BUY

The unlisted window has effectively closed. Buying now means acquiring shares that carry the post-listing lock-in, at prices that will converge with the exchange-discovered price within days. For most investors, the sensible route from July 21 onward is simply the stock exchange. If you still want pre-listing shares for a specific reason, talk to our desk about availability, pricing versus the IPO band, and the lock-in — with full transparency about whether it makes sense for you at all.

Watching the bigger lesson?

This is the fourth time in recent years our clients have ridden a company from the unlisted market to a landmark listing. The next candidates are already trading privately — NSE filed its DRHP in June 2026 for India’s largest-ever IPO, and Hero FinCorp holds SEBI approval. Explore Pre-IPO opportunities →

About SBI Funds Management

A joint venture between State Bank of India and Europe’s Amundi, SBI Funds Management runs SBI Mutual Fund — India’s largest asset manager and the first to cross ₹10 lakh crore in assets under management. Its listing joins HDFC AMC, Nippon India and UTI AMC as the fourth major listed Indian asset manager, and the largest of them all.

FAQs

When does SBI Funds Management list?

July 21, 2026, following its ~₹9,813 crore IPO.

Can I sell my pre-IPO SBI Funds Management shares on listing day?

Retail and HNI pre-IPO holders face a 6-month lock-in from the listing date under SEBI rules. Exchange sale is possible only after the lock-in ends; confirm your investor category with our desk.

Should I buy SBI Funds Management unlisted shares now?

With listing days away, exchange purchase after July 21 is the practical route for most investors. Our desk will tell you honestly if a pre-listing purchase makes sense in your case.

I hold old SBI MF/SBI Funds shares in physical form — what do I do?

Contact us. We handle dematerialisation and transfer support for legacy holdings — a service we’ve provided for 35+ years. Sell unlisted shares →

Post-listing action (July 21+):

update the status line with the actual listing price and gains vs. private-market levels, then in Wave 2 convert this page into an “IPO success story” per the template — it becomes permanent social proof.

SBI Funds Management Limited Balance Sheet (Rs in Lakhs)

Particulars	31-03-2024	31-03-2023
Assets
Cash & Cash equivalents	368.44	200.7
Bank balance other than above	5471.69	2908.1
Trade Receivables	10769.59	5655.3
Loans	24.16	32.47
Investments	664542.06	460912.58
Other Financial assets	803.5	843.17
Current tax assets	102	2202.39
Property, plant and equipment	25100.12	22728.61
Intangible assets under development		187.9
Other intangible assets	593.06	420.11
Other non-financial assets	2914.3	2296.57
Total assets	710688.92	498387.9
Equity and liabilities
Liabilities
Total outstanding dues of micro enterprises and small enterprises	54.29	4.83
Total outstanding dues of creditors other than micro and small enterprises	1908.43	1510.8
Other financial liabilities	12949.02	8873.75
Provisions	13019.8	11045.72
Deferred tax liabilities	7429.67	1045.04
Other non-financial liabilities	552.97	769.28
Equity
Equity share capital	5058.23	5032.14
Other equity	669716.51	470106.34
Total equity and liabilities	710688.92	498387.9

SBI Funds Management Limited Profit & Loss Statement (Rs in Lakhs)

Particulars	31-03-2024	31-03-2023
Revenue from operations
Asset management fees	269055.92	216158.59
Net gain on fair value changes	58262.39	14169.72
Total revenue from operations	327318.31	230328.31
Other income	15289.58	10929.1
Total income	342607.89	241257.41
Expenses
Finance cost	771.06	525.46
Scheme expenses	4960.62	3012.8
Employee benefits expenses	36838.76	32614.17
Depreciation and amortization expense	3699.63	3383.65
Other expense	28975.91	24634.62
Total expense	75245.98	64170.7
Profit/ loss before tax	267361.91	177086.71
Share of profit/ loss of associates	1248.47	1070.11
Current tax	55074.08	43865.99
Deferred tax	6257.95	319.41
Profit/ loss for the period	207278.35	133971.42
Other comprehensive income
Remeasurements of the defined benefit plans	-81.05	-3.38
Deferred tax on above	20.4	0.85
Foreign currency translation	3.45	28.9
Total comprehensive income for the period	207221.15	133997.79
Earnings per equity share
Basic	41.1	26.62
Diluted	40.9	26.5

SBI Funds Management Limited Consolidated Cash Flow Statement (Rs in Lakhs)

Particulars	31-03-2024	31-03-2023
Cash flow from operating activities
Net profit before tax	26736191	177086.71
Adjustments for :
Depreciation and amortization	369963	3383.65
Finance cost	771.06	525.46
Employee stock option expenses	2787.81	2897.49
Profit/ loss on sale of property, plant, equipment	-13.31	-9.72
Exchange fluctuations	3.45	28.9
Fair valuations of investment	-53877.87	-6018.26
Gain on sale/ redemption of investments	-4384.52	-8151.46
Interest income on investments	-14432.48	-9727.17
Distribution income from AIF	-244.22	-219.96
Dividend from mutual fund	-27.09
Other interest income	-0.87	-1.37
Dividend income	-1.61	-1.61
Operating profit before working capital changes	201641.89	159792.66
Decrease/ increase in other bank balance	-2563.59	-36.11
Decrease/ increase in trade receivables	-5114.29	-835.69
Decrease/ increase in other financial assets	40.37	4885.51
Decrease/ increase in other non financial assets	-617.73	-892.17
Decrease/ increase in trade payables	447.09	-136.82
Decrease/ increase in other financial liabilities	1305.95	-246.41
Decrease/ increase in provisions	1893.03	797.94
Decrease/ increase in other non-financial liabilities	-216.31	314.69
Net cash generated from operations	196816.41	163643.6
Income taxes paid net of refund if any	-52973.69	-43715.78
Net cash generated from operating activities	143842.72	119927.82
Cash flow from investing activities
Purchase of intangible assets	-231.37	-263.21
Purchase of tangible assets	-852.93	-901.85
Purchase of investments	-315328.3	-424005.49
Proceeds from sale of investments	173843.74	321234.3
Loan to staff	8.31	20.33
Other interest income	0.87	1.37
Dividend received on investments	28	1.61
Income from AIF	244.22	219.96
Interest income on investments	11798.43	6353.75
Net cash used in investing activities	-130489.03	-97339.23
Cash flow from financing activities
Proceeds from issuance of share capital	10074.97	1360.02
Adjustment in relation to shares held by EWT	-67.7	-4150.6
Principal element of lease payments	-2189.26	-1870.43
Interim dividend paid	-771.06	-525.46
Final dividend paid	-20232.9	-17612.49
Net cash used in financing activities	-13185.95	-22798.96
Net increase in cash and cash equivalents	167.74	-210.37
Cash and cash equivalents at the beginning of the year	200.7	411.07
Cash and cash equivalents at the end of the year	368.44	200.7
Cash and cash equivalent compromising of:
Cash	0.28	0.41
Balance with banks in current accounts	368.16	200.29
Total	368.44	200.7

Here is the analysis of cash flow for year March 2023 and 2022:

Operating Activities:

Net Cash from Operating Activities: For the year ending March 31, 2024, the company generated net cash of ₹143,842.72 compared to ₹119,927.82 in the previous year. This increase primarily resulted from higher operating profit before working capital changes, which rose from ₹159,792.66 to ₹201,641.89. The increase in operating profit was influenced by adjustments like depreciation, finance costs, employee stock option expenses, and gains on the sale/redemption of investments, which collectively contributed positively to cash flow.

Working Capital Changes: Significant changes in working capital components also affected cash flow. Notably, there was a decrease in trade receivables, other financial assets, and provisions, which provided cash inflows. However, increases in other bank balances, trade payables, and other financial liabilities offset some of these gains, resulting in a net positive impact on operating cash flow.

Income Taxes Paid: The net cash impact of income taxes paid increased from ₹43,715.78 to ₹52,973.69, reducing the net cash from operating activities.

Investing Activities:

Net Cash Used in Investing Activities: The company invested significantly less in fiscal 2024 compared to the previous year, with a net cash outflow of ₹130,489.03, improving from ₹97,339.23 in fiscal 2023. This reduction was primarily due to decreased purchases of tangible assets and investments, along with higher proceeds from the sale of investments and increased interest income on investments. These factors contributed to the improved cash position from investing activities.

Financing Activities:

Net Cash Used in Financing Activities: There was a decrease in cash used in financing activities from ₹22,798.96 in fiscal 2023 to ₹13,185.95 in fiscal 2024. This reduction was driven by lower dividend payments (both interim and final) and adjustments related to shares held by Employee Welfare Trust (EWT). Additionally, proceeds from the issuance of share capital increased, which also positively impacted cash flow from financing activities.

Cash and Cash Equivalents:

Net Increase in Cash: The company experienced a net increase in cash and cash equivalents of ₹167.74 during fiscal 2024, compared to a decrease of ₹210.37 in fiscal 2023. This improvement reflects the combined positive impacts of operating and financing activities.

Cash and Cash Equivalents Position: The ending cash and cash equivalents for fiscal 2024 totaled ₹368.44, up from ₹200.70 in fiscal 2023. This increase is attributed to the net cash inflows generated from operating and financing activities during the year.

Dividend History

Particulars	2024	2023
Dividend Per Share (Rs)	–	–
Retained Earnings(In lakhs)	633684.61	446409.43

SBI Funds Management Limited Recent Financial Performance:

Dividend per Share: The specific dividend per share figure for March 2024 and 2023 is not provided; Dividend per share represents the portion of a company ‘s earnings that is distributed to shareholders in the form of dividends. A higher dividend per share may indicate that the company is sharing more of its profits with shareholders.

Retained Earnings: Retained earnings for 2024 amounted to Rs. 633684.61 Lakhs, while in 2023, they were Rs. 446409.43 Lakhs. Retained earnings represent the portion of a company ‘s profits that is reinvested in the business rather than distributed as dividends. An increase in retained earnings suggests that the company has retained more of its profits for reinvestment or future growth.

To provide a more comprehensive analysis, it would be necessary to consider additional financial metrics such as revenue, net profit, assets, liabilities, and cash flows. Additionally, an analysis of trends over multiple years and a comparison to industry benchmarks and competitors would help in assessing the company ‘s financial health and performance.

SBI Funds Management Limited Unlisted Shares: In-Depth Information

Well, investments done on the unlisted stock exchange are a bit profitable mode of investment; however, it is safe when the company performing it is quite solid, so ultimately dealing with SBI Funds Management Limited’s unlisted stocks is worth your hard-earned money.

How do I Buy SBI Funds Management Limited Unlisted Shares?

Buying of SBI Funds Management unlisted shares:

Communicate with a genuine Broker or trading platform that deals in unlisted shares. Ensure the broker is reputed and has a transparent transaction process.

Understanding the open lot size

The available lot size at the minimum for buying SBI Funds Management unlisted shares differs from broker to broker or their policy.

It is always suggested that you should discuss with your broker to have accurate information based on your investment requirement.

Lock-in Period Information

In most cases, unlisted shares are tied to the lock-up period during which, the shares should not be sold. You need to verify how long SBI Funds Management Unlisted shares will be attached to the lock-in period with your broker as it can be different.

Post Lock-in Period Actions

Once lock-in period is over. You are also free to sell your equity interest. The mode of operation will be based on market and any regulations that are currently in effect.

Is Buying Unlisted Shares Legal in India?

Absolutely. In fact, buying unlisted shares is legal in India. What being regulated, though, is the sale under certain guidelines made by SEBI such that the sale is as transparent and as ethical as possible.

India Unlisted Share Price

In an unlisted company, share prices are not published like in listed companies. Therefore, in order to learn the current price of SBI Funds Management unlisted shares, it would be necessary to contact the broker or trading platform that one would also like to use to purchase such shares.

Anticipating the IPO

When might SBI Funds Management Limited next offer a public offer?
The best answer everyone interested can hope for only from his broker who will help him in getting current and potential timelines on the same.

Where do I buy these shares?

The unlisted shares of SBI Funds Management can be acquired through special brokers, which deal in unlisted shares or through platforms that facilitate trading in pre-IPO shares.

How do I sell my Unlisted Shares ?

You will need to get in touch with the same broker or platform through which you purchased them or find another broker who buys and sells off-market shares.

Transfer of Unlisted Shares

No transfer of unlisted shares shall be made unless the transfer is accompanied by the delivery of the related share transfer deed. The said share transfer deed should also be in a dematerialized form. Again this is done by a stockbroker that will work to get it done within the legalese of the SEBI.

Are These Shares in Demat Form?

Yes, SBI Funds Management unlisted shares are available in demat form
Brothers, all of which makes it easier to hold and transfer the shares.

Reflection in Demat Account

Once you complete the transaction, SBI Funds Management unlisted shares will be reflected in your demat account, which usually is a few days after the purchase date. This may vary from broker to broker depending on the processing time taken by the broker. Tax Implications
The tax on gains from unlisted shares includes STCG if the shares are held for less than 24 months at a rate dependent on your income tax slab and LTCG at 20% with indexation if held for more than 24 months.

Price graphs and valuations of unlisted shares are not as easily available as those of listed shares. Investors will have to rely on their brokers more for the recent valuations and relative comparative analysis.

Keeping Updated
For the latest news and happenings about SBI Funds Management unlisted shares, do keep in regular touch with your broker and keep following updates at specialized financial news platforms.

Why Not Unlisted Shares?

Investing in unlisted shares enables an individual to participate in the growth of the company before the company goes public that subsequently, brings in significant returns, more so with an established company like SBI Funds Management.

Conclusion
Investing in SBI Funds Management unlisted shares offers myriad opportunities that will remain unavailable in any other investment option.

However, it comes with its fair share of challenges and considerations. As your broker, I am here to guarantee that your investment journey will be smooth and profitable.

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