SBI Funds Management IPO Subscription Status Day 3: Subscribed 3.34x, NII Surges Past 6.6x
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SBI Funds Management IPO Subscription Status: The issue was subscribed 3.34 times so far on Day 3, as of 10:15 am on July 16, according to the latest bidding data, with NII leading strongly at 8.7 times.
The initial public offering of SBI Funds Management Ltd was subscribed 3.34 times so far on the final day of bidding, as of 10:15 am on July 16, with the counter running well ahead of the pace seen on Day 2. Non-institutional investors continued to lead demand, now at 8.7 times their reserved portion, while qualified institutional buyers climbed to 1.52 times. Retail investors stood at 1.82 times and the employee quota at 2.43 times. Bidding for the Rs 9,795-crore issue, entirely an offer for sale by promoters SBI and Amundi, closes later today.
SBI Funds Management IPO Subscription Status Day 3
Every category has cleared full subscription heading into the final hours of bidding, with NII extending its lead over the rest of the book.
Day 3 | 1.52x | 1.82x | 8.7x | 2.43x | 3.34x |
SBI Funds Management IPO Subscription Status
Subscription has climbed steadily each day, with NII more than doubling its Day 2 pace and QIB continuing to build after a slow start on Day 1.
Day 1 (14-Jul-2026) | 0.08x | 0.64x | 1.4x | 1.03x | 1.04x | 0.69x |
Day 2 (15-Jul-2026) | 1.5x | 1.64x | 6.61x | 2.28x | 3.98x | 2.79x |
Day 3 (16-Jul-2026) | 1.52x | 1.82x | 8.7x | 2.43x | To be updated | 3.34x |
SBI Funds Management IPO Bidding Details
Qualified Institutional Buyers | 3,09,28,731 |
Non-Institutional Investors | 2,31,96,549 |
Retail Investors | 5,41,25,280 |
Employee | 32,57,347 |
Shareholders | 1,30,55,629 |
Total | 12,45,63,536 |
SBI Funds Management IPO Subscription Rate
Qualified Institutional Buyers | 1.52x |
Non-Institutional Investors | 8.7x |
Retail Investors | 1.82x |
Employee | 2.43x |
Total | 3.34x |
Conclusion
Bidding closes later today, July 16, with allotment expected to be finalised on July 17. Refunds and the credit of shares to demat accounts are scheduled for July 20, ahead of listing on the BSE and NSE on July 21, 2026.
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This article is for informational purposes only and should not be considered investment advice from Kotak Neo. For compliance T&C and disclaimers, Visit www.kotakneo.com/disclaimer
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