SBI Funds Management IPO Subscription Day 2: Issue Fully Subscribed At 1.03x As NII Demand Stays Strong

Mumbai, July 15: The SBI Funds Management IPO crossed the fully subscribed mark on the second day of bidding, with investor demand pushing the public issue to 1.03 times subscription in early trade. As of 10:44 AM, the ₹9,812.91 crore IPO had received steady support from non-institutional investors (NIIs), while employee and shareholder quotas were also fully subscribed.

The three-day public issue, which opened for subscription on July 14, will remain available for bidding until July 16. Although retail participation was still below the one-time mark in the morning session, strong demand from HNI investors helped the overall issue move into fully subscribed territory with one more day of bidding remaining.

The IPO is entirely an offer for sale (OFS) of 17,09,56,631 equity shares aggregating ₹9,812.91 crore. The price band has been fixed at ₹545 to ₹574 per share, while investors can apply in lots of 26 shares.

SBI Funds Management IPO Subscription Status Day 2

According to exchange data available at 10:44 AM on July 15, the category-wise subscription stood at:

• Overall: 1.03x
• Retail Investors: 0.92x
• QIB (Ex-Anchor): 0.08x
• NII: 2.21x
• bNII: 2.21x
• sNII: 2.20x
• Employees: 1.28x
• Shareholders: 1.60x

The issue has attracted particularly strong interest from high-net-worth investors, while employee and shareholder reservations have also crossed full subscription. Retail bidding has remained below one time so far, and institutional participation is expected to pick up closer to the final day.

Day-Wise Subscription Trend

The sharp rise in overall subscription on Day 2 has been driven largely by robust demand in the NII segment, while retail participation has also improved compared with the opening day.

SBI Funds Management IPO Details

• Issue Size: ₹9,812.91 crore
• Issue Type: Offer for Sale (OFS)
• Offer for Sale: 17,09,56,631 equity shares
• Price Band: ₹545 to ₹574 per share
• Lot Size: 26 shares
• Minimum Retail Investment: ₹14,924
• IPO Closes: July 16, 2026
• Expected Allotment: July 17, 2026
• Tentative Listing: July 21, 2026
• Listing Exchanges: BSE and NSE

About SBI Funds Management

SBI Funds Management Limited is one of India’s leading asset management companies and manages a wide range of mutual fund schemes across equity, debt and hybrid categories. The company serves retail as well as institutional investors through an extensive distribution network across the country.

Conclusion

The SBI Funds Management IPO has moved past the fully subscribed mark on the second day of bidding, supported mainly by strong demand from NIIs, employees and shareholders. With one more day of subscription remaining, market participants will closely watch whether retail participation crosses one time and institutional investors step up their bids before the issue closes on July 16.

Source:

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