SBI Funds Management IPO Subscription Day 3: Issue Booked 4.48 Times In Early Trade Ahead Of Closing Today

Mumbai, July 16: The SBI Funds Management IPO continued to attract healthy investor participation on the final day of bidding, with the public issue subscribed 4.48 times by 11:04 AM. Demand improved across all investor categories, led by strong interest from non-institutional investors (NIIs), while retail and qualified institutional buyers (QIBs) also gathered momentum as the IPO headed towards its close later today.

The ₹9,812.91 crore public issue, which opened for subscription on July 14, is scheduled to close this evening. With several hours of bidding still left, market participants will be watching whether institutional investors add further demand before the subscription window shuts.

The IPO is entirely an Offer for Sale (OFS) of 17,09,56,631 equity shares. The price has been fixed at ₹574 per share, while investors can bid for a minimum lot of 26 shares.

SBI Funds Management IPO Subscription Status Day 3

According to exchange data available at 11:04 AM on July 16, the category-wise subscription stood at:

• Overall: 4.48x
• Retail Investors: 2.26x
• QIB (Ex-Anchor): 2.36x
• NII: 11.91x
• bNII: 14.68x
• sNII: 8.56x
• Employees: 2.92x
• Shareholders: 5.93x

The NII segment remained the strongest performer, while QIB participation picked up sharply on the final day. Retail subscriptions also moved comfortably above the fully subscribed mark during morning trade.

Day-Wise Subscription Trend

SBI Funds Management IPO Details

• Issue Size: ₹9,812.91 crore
• Issue Type: Offer for Sale (OFS)
• Shares on Offer: 17,09,56,631 equity shares
• Issue Price: ₹574 per share
• Lot Size: 26 shares
• Minimum Retail Investment: ₹14,924
• IPO Closing Date: July 16, 2026
• Expected Allotment: July 17, 2026
• Tentative 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 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 entered the final stretch of bidding with the issue already subscribed 4.48 times in early trade on Day 3. Strong NII participation and improving demand from QIBs and retail investors have lifted overall subscription, with final figures expected after the IPO closes later today.

Source:

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