SBI Funds Management IPO Subscription Day 1 Live: Issue Subscribed 0.11x so far as Bidding Begins

Mumbai, July 14: The SBI Funds Management IPO opened for subscription today, marking the start of a three-day bidding window for investors. Early response to the ₹9,813 crore public issue has remained modest, with the IPO subscribed 0.11 times as of 10:34 AM on Day 1, according to exchange data.

Initial demand has been led by non-institutional investors, while participation from retail investors, employees and shareholders has also started to build during the opening hours. As bidding continues throughout the day, the subscription figures are expected to change significantly before market close.

The book-built issue is entirely an offer for sale of 17,09,56,631 equity shares, aggregating ₹9,812.91 crore. The IPO is priced in the range of ₹545 to ₹574 per share, with investors required to bid for a minimum of 26 shares.

SBI Funds Management IPO Subscription Status Today (Day 1)

As of 10:34 AM on July 14, the IPO was subscribed 0.11 times overall.

• Overall: 0.11x
• QIB (Ex Anchor): 0.00x
• NII: 0.16x
• bNII: 0.13x
• sNII: 0.23x
• Retail: 0.14x
• Employees: 0.15x
• Shareholders: 0.13x

Key IPO Details

• Issue Size: ₹9,812.91 crore
• Issue Type: Offer for Sale (OFS)
• Shares on Offer: 17,09,56,631 equity shares
• Price Band: ₹545 to ₹574 per share
• Lot Size: 26 shares
• IPO Opens:July 14, 2026
• IPO Closes: July 16, 2026
• Expected Allotment: July 17, 2026
• Expected Listing: July 21, 2026
• Listing: BSE and NSE

About SBI Funds Management

SBI Funds Management Limited is one of India’s largest asset management companies by assets under management. The company manages a broad range of mutual fund schemes and investment solutions for retail and institutional investors across the country.

Conclusion

The SBI Funds Management IPO has made a steady start on its opening day, with early bids pushing overall subscription to 0.11 times by mid-morning. Investors can continue placing bids until July 16, while subscription figures are expected to rise as participation typically gathers pace over the remaining days of the issue.

Source:

• https://www.chittorgarh.net/reports/anchor-investor/sbifundsanchorallocationintimationmb14f35745-1a56-47ff-8897-9f6521bba740.pdf