SBI Funds Management IPO Subscribed 41.73 Times on Day 3

SBI Funds Management Limited's initial public offering (IPO) closed with an overall subscription of 41.73 times by 6:54 PM on Day 3 (July 16, 2026). The ₹9,812.91 crore book-built issue, priced at ₹545 to ₹574 per share, received bids for 5,19,86,04,944 shares against 12,45,63,536 shares on offer, with total applications reaching 63,82,532. Qualified Institutional Buyers led the charge with blockbuster demand, while retail and shareholder categories also comfortably crossed the fully-subscribed mark.

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Subscription SBI Funds Management IPO

Here are the subscription details for SBI Funds Management IPO Day 3, as of 6:54 PM:

Key Highlights – Day 1

• Overall subscription surged to 41.73 times on Day 3 (July 16, 2026), a sharp jump from 2.82x on Day 2, reflecting a strong institutional-led finish for India's largest AMC IPO.
• Qualified Institutional Buyers (Ex-Anchor) were the standout category at 140.11 times, driving the bulk of the oversubscription with bids worth over ₹2.48 lakh crore.
• Non-Institutional Investors (NIIs) closed at 22.51 times, with big-ticket bNII bids at 26.01x outpacing sNII at 15.51x.
• Retail investors subscribed 3.76 times, showing steady, healthy participation across all three days.
• Shareholder reservation closed at 9.52 times, while the Employee quota was subscribed 4.65 times.
• Anchor investors had fully subscribed their allocation of ₹2,662.96 crore

Key Highlights – Day 1

• Overall subscription crossed the fully-subscribed mark to 2.82 times on Day 2 (July 15, 2026), up from 0.71x on Day 1, as momentum built ahead of the final day.
• Non-Institutional Investors (NIIs) led Day 2 participation at 6.59 times, with bNII at 7.13x outpacing sNII at 5.53x, reflecting strong HNI conviction.
• Qualified Institutional Buyers (Ex-Anchor) turned decisively active, moving from a near-zero 0.08x on Day 1 to 1.50 times on Day 2.
• Shareholder reservation surged to 4.00 times, while the Employee quota was subscribed 2.28 times, both categories comfortably oversubscribed by close of Day 2.
• Retail investors subscribed 1.71 times, taking the retail category into oversubscribed territory.

Key Highlights – Day 1

• Overall subscription stood at 0.71 times on Day 1 (July 14, 2026), reflecting a mixed opening with strong pockets of demand across HNI and reservation categories. 
• Non-Institutional Investors (NIIs) led the opening day at 1.40 times, with sNII at 1.46x slightly ahead of bNII at 1.36x.
• Shareholder reservation was subscribed 1.04 times and the Employee quota 1.03 times, both crossing 1x on the very first day.
• Retail investors subscribed 0.67 times, indicating healthy but measured retail participation on the opening day.
• Qualified Institutional Buyers (Ex-Anchor) subscribed just 0.08 times, in line with the typical institutional pattern of bidding on the final day. 
• 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.