SBI Funds Management IPO Day 3 Subscription Status: Issue Booked 5.85 Times So Far
Authored By HDFC SKY | Published at: Jul 16, 2026 01:20 PM IST
Mumbai, July 16: SBI Funds Management IPO crossed full subscription on the final day of bidding, with demand gathering pace across investor categories. At 12:24:43 PM on July 16, the ₹9,812.91 crore public issue had been subscribed 5.85 times, exchange data showed.
The strongest appetite came from non-institutional investors. Their quota was booked 15.96 times, comfortably ahead of the qualified institutional buyers (excluding anchor investors), where bids stood at 3.53 times. Retail investors had subscribed their portion 2.66 times at the same timestamp.
The public offering, which opened on July 14, closes later today. It is an offer for sale comprising 17,09,56,631 equity shares, with a price band of ₹545 to ₹574 apiece.
SBI Funds Management IPO Day 3 Subscription Status
Subscription levels reported at 12:24:43 PM on July 16, 2026, are as follows:
| Category | Subscription (x) |
| QIB (Ex Anchor) | 3.53 |
| NII | 15.96 |
| Retail | 2.66 |
| Employees | 3.52 |
| Shareholders | 7.16 |
| Overall | 5.85 |
Category-wise SBI Funds Management IPO Subscription Status
Demand varied sharply across investor segments. Large-ticket HNI investors accounted for the highest bidding intensity within the NII bucket, while the shareholder reservation also cleared multiple times over.
| Category | Shares Offered | Shares Bid For | Subscription (x) |
| QIB (Ex Anchor) | 3,09,28,731 | 10,91,78,914 | 3.53 |
| NII | 2,31,96,549 | 37,01,79,836 | 15.96 |
| bNII (>₹10 lakh) | 1,54,64,366 | 28,75,16,450 | 18.59 |
| sNII (<₹10 lakh) | 77,32,183 | 8,26,63,386 | 10.69 |
| Retail | 5,41,25,280 | 14,40,22,554 | 2.66 |
| Employees | 32,57,347 | 1,14,59,214 | 3.52 |
| Shareholders | 1,30,55,629 | 9,34,19,664 | 7.16 |
Applications received stood at 44,85,576 by the reported time.
SBI Funds Management IPO Day-wise Subscription Summary
The pace of bidding accelerated after the opening day. Total subscription moved from 0.71 times on Day 1 to 2.82 times by Day 2 before climbing to 5.85 times on the final day.
| Date | QIB (Ex Anchor) | NII | Retail | Employees | Shareholders | Total |
| July 14 (Day 1) | 0.08x | 1.40x | 0.67x | 1.03x | 1.04x | 0.71x |
| July 15 (Day 2) | 1.50x | 6.59x | 1.71x | 2.28x | 4.00x | 2.82x |
| July 16 (Day 3)* | 3.53x | 15.96x | 2.66x | 3.52x | 7.16x | 5.85x |
As of 12:24:43 PM.
SBI Funds Management IPO Timeline
| Event | Date |
| IPO Opens | July 14, 2026 |
| IPO Closes | July 16, 2026 |
| Basis of Allotment | July 17, 2026 |
| Initiation of Refunds | July 20, 2026 |
| Credit of Shares | July 20, 2026 |
| Listing | July 21, 2026 |
Brief Overview of the IPO
The public issue is valued at ₹9,812.91 crore and consists entirely of an offer for sale, meaning no fresh equity shares are being issued. Existing shareholders are divesting 17.09 crore shares, while the company’s share capital remains unchanged after listing.
The IPO has been priced in the ₹545-₹574 band. Investors can bid in lots of 26 shares, requiring ₹14,924 for one retail application at the upper price band.
Kotak Mahindra Capital Co. Ltd. is managing the issue, while KFin Technologies Ltd. is the registrar. Shares are scheduled to debut on BSE and NSE on July 21, 2026, subject to completion of the allotment process.
Source:
- https://www.bseindia.com/markets/publicissues/displayipo?id=4683&type=IPO&idtype=1&status=L&IPONo=7829&startdt=14%2F07%2F2026
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Please Note: The information shared is intended solely for informational purposes and does not make any investment recommendations
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