SBI Funds Management IPO Day 3 Subscription Status: Issue Subscribed 41.64 by 3:54:48 PM
Authored By HDFC SKY | Published at: Jul 16, 2026 04:24 PM IST
SBI Funds Management IPO witnessed a sharp surge in institutional demand on the final day, with the issue subscribed 41.64 times by 3:54:48 PM.
Mumbai, July 16:SBI Funds Management IPO drew a late rush of bids on the final day of subscription, led by institutional investors. As of 3:54:48 PM on July 16, the ₹9,812.91 crore public issue had been subscribed 41.64 times, reflecting a sharp jump from the afternoon update.
The biggest move came from qualified institutional buyers, excluding anchor investors. Their portion was subscribed 140.10 times, while the NII quota stood at 22.45 times. The Retail segment was subscribed 3.61 times at the same time.
The bookbuilt issue, which opened for bidding on July 14, closes today. It comprises an offer for sale of 17,09,56,631 equity shares in the price band of ₹545 to ₹574 per share.
SBI Funds Management IPO Day 3 Subscription Status
The latest subscription data, reported at 3:54:48 PM on July 16, 2026, is shown below.
| Category | Subscription (x) |
| QIB (Ex Anchor) | 140.10 |
| NII | 22.45 |
| Retail | 3.61 |
| Employees | 4.57 |
| Shareholders | 9.35 |
| Overall | 41.64 |
Category-wise SBI Funds Management IPO Subscription Status
Institutional demand accelerated significantly during the final trading hours, taking the QIB (Ex Anchor) portion above the 100-times mark. The NII book also continued to attract strong interest, while the retail segment remained comfortably subscribed.
| Category | Shares Offered | Shares Bid For | Subscription (x) |
| QIB (Ex Anchor) | 3,09,28,731 | 4,33,32,67,380 | 140.10 |
| NII | 2,31,96,549 | 52,08,70,428 | 22.45 |
| bNII (>₹10 lakh) | 1,54,64,366 | 40,21,38,646 | 26.00 |
| sNII (<₹10 lakh) | 77,32,183 | 11,87,31,782 | 15.36 |
| Retail | 5,41,25,280 | 19,52,92,890 | 3.61 |
| Employees | 32,57,347 | 1,48,70,674 | 4.57 |
| Shareholders | 1,30,55,629 | 12,21,25,874 | 9.35 |
The issue had received 61,26,011 applications as of 3:54:48 PM.
SBI Funds Management IPO Day-wise Subscription Summary
Subscription gathered pace throughout the three-day bidding window. The issue was subscribed 0.71 times on the opening day and 2.82 times by Day 2 before witnessing a sharp jump on the final day as institutional investors placed their bids.
| 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)* | 140.10x | 22.45x | 3.61x | 4.57x | 9.35x | 41.64x |
As of 3:54:48 PM on July 16, 2026.
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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