SBI Funds Management IPO Subscribed 0.67 Times on Day 1
5paisa Capital Ltd
- 2 min read
Last Updated: 14th July 2026 - 04:59 pm
SBI Funds Management Limited's initial public offering (IPO) recorded an overall subscription of 0.67 times by 5:04 PM on Day 1 (July 14, 2026). The ₹4,801.29 crore IPO received bids for 8,36,46,238 shares against 12,45,63,536 shares on offer. Retail investors showed strong interest, while QIB participation remained muted on the opening day.
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| Date | QIB | NII | Retail | Employee | Shareholders | Total |
|---|---|---|---|---|---|---|
| Day 1 (July 14) | 0.07 | 1.32 | 10.99 | 0.72 | 0.99 | 0.67 |
Here are the subscription details for SBI Funds Management IPO Day 3, as of 5:04 PM:
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (₹ Cr.) |
|---|---|---|---|---|
| Anchor | 1.00 | 4,63,93,095 | 4,63,93,095 | 2,662.964 |
| QIB (Ex-Anchor) | 0.07 | 3,09,28,731 | 23,03,106 | 132.198 |
| NII | 1.32 | 2,31,96,549 | 3,05,30,344 | 1,752.442 |
| Retail | 10.99 | 5,41,25,280 | 3,46,53,476 | 1,989.110 |
| Employee | 0.72 | 32,57,347 | 32,36,246 | 185.761 |
| Shareholders | 0.99 | 1,30,55,629 | 1,29,23,066 | 741.784 |
| Total | 0.67 | 12,45,63,536 |
8,36,46,238 |
4,801.294 |
Key Highlights – Day 1
- Overall subscription stood at 0.67 times on Day 1 (July 14, 2026), reflecting a mixed opening with strong retail demand.
- Retail investors led the subscription at 10.99 times, making them the strongest participating category.
- Non-institutional investors (NIIs) subscribed 1.32 times, indicating healthy interest from high-net-worth investors.
- Qualified Institutional Buyers (QIBs) (Ex-Anchor) subscribed 0.07 times, suggesting limited institutional participation on the first day.
- Employee quota was subscribed 0.72 times, while the Shareholder category received 0.99 times subscription.
- Anchor investors had already fully subscribed their allocation of ₹2,662.96 crore ahead of the IPO opening.
About SBI Funds Management Limited
SBI Funds Management Limited is an asset management company that manages SBI Mutual Fund schemes and also offers portfolio management services (PMS), advisory services, and alternative investment funds (AIFs). It primarily earns management fees from these investment products, with mutual funds contributing most of its revenue. The company also provides digital platforms for investors and distributors, operates international subsidiaries offering offshore investment products, and manages assets across multiple asset classes under SEBI’s regulatory framework.
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