SBI Funds Management IPO Subscription Status Day 1: Issue Subscribed 12% So Far; Retail Portion Booked 13%
- By Kotak News Desk
- 14 Jul 2026 at 1:56 PM IST
- 4m
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SBI Funds Management IPO Subscription Status Day 1: The ₹9,812.91-crore public issue was subscribed 12% during early bidding on the opening day. The three-day IPO will remain open for subscription until July 16.
The ₹9,812.91-crore initial public offering (IPO) of SBI Funds Management Ltd. opened for subscription on Tuesday, July 14. According to data available on the National Stock Exchange (NSE), the public issue was subscribed 12% during early bidding, with investors placing bids for 1,49,47,014 equity shares against 12,45,63,536 shares on offer. The issue will remain open for subscription until July 16.
The Non-Institutional Investor (NII) category was subscribed 16%, while the Retail Individual Investor (RII) portion was booked 13%. The Qualified Institutional Buyers (QIBs) segment had not seen bids at the time of the update.
The IPO has been priced in the range of ₹545–₹574 per equity share and is entirely an Offer for Sale (OFS). As there is no fresh issue, SBI Funds Management will not receive any proceeds from the public offering. The basis of allotment is expected to be finalised on July 17, while the company's shares are scheduled to list on the BSE and NSE on July 21.
SBI Funds Management IPO Subscription Status Day 1
Category-wise subscription for the SBI Funds Management IPO as of the latest exchange update is as follows:
Qualified Institutional Buyers (QIBs) | Yet to commence |
Non-Institutional Investors (NIIs) | 16% |
Retail Individual Investors (RIIs) | 13% |
Total | 12% |
SBI Funds Management IPO Subscription Status
The SBI Funds Management IPO opened for subscription on July 14 and will remain available for bidding until July 16. The day-wise subscription trend will be updated as fresh exchange data is released.
Day 1 | 12%* |
Day 2 | To be updated |
Day 3 | To be updated |
*As per the latest available exchange data.
SBI Funds Management IPO Details
The SBI Funds Management IPO is a ₹9,812.91-crore Offer for Sale (OFS) comprising up to 17.10 crore equity shares by existing shareholders State Bank of India and Amundi. Since the issue is entirely an OFS, the company will not receive any proceeds from the public issue.
Ahead of the IPO opening, the company raised ₹2,663 crore from anchor investors by allotting 4,63,93,095 equity shares at ₹574 per share. The anchor book included investors such as GIC, Abu Dhabi Investment Authority (ADIA), Capital World Investors, BlackRock, Fidelity Management & Research, Goldman Sachs Asset Management, Norges Bank, Life Insurance Corporation of India (LIC), HDFC Mutual Fund, ICICI Prudential Mutual Fund, Nippon India Mutual Fund and HDFC Life Insurance.
The price band has been fixed at ₹545–₹574 per equity share. Investors can apply for a minimum of 26 equity shares and in multiples thereafter.
SBI Funds Management IPO Reservation
The public issue has reserved up to 50% of the net offer for Qualified Institutional Buyers (QIBs), not less than 15% for Non-Institutional Investors (NIIs) and not less than 35% for Retail Individual Investors (RIIs). Eligible employees are entitled to a discount of ₹54 per equity share.
Qualified Institutional Buyers (QIBs) | Up to 50% |
Non-Institutional Investors (NIIs) | Not less than 15% |
Retail Individual Investors (RIIs) | Not less than 35% |
Employee Reservation | Eligible employees receive a discount of ₹54 per share |
SBI Funds Management IPO Lot Size
Investors can bid for a minimum of 26 equity shares and in multiples thereafter.
Retail (Minimum) | 1 | 26 | ₹14,924 |
Retail (Maximum) | 13 | 338 | ₹1,94,012 |
S-HNI (Minimum) | 14 | 364 | ₹2,08,936 |
S-HNI (Maximum) | 67 | 1,742 | ₹9,99,908 |
B-HNI (Minimum) | 68 | 1,768 | ₹10,14,832 |
SBI Funds Management IPO Key Dates
The IPO opened for subscription on July 14 and will close on July 16. The basis of allotment is expected to be finalised on July 17, while refunds and credit of shares to successful applicants' demat accounts are likely on July 20. The company's shares are scheduled to list on the BSE and NSE on July 21.
IPO Opens | July 14, 2026 |
IPO Closes | July 16, 2026 |
Basis of Allotment | July 17, 2026 |
Refund Initiation | July 20, 2026 |
Credit of Shares to Demat Accounts | July 20, 2026 |
Tentative Listing | July 21, 2026 |
Book Running Lead Managers
Kotak Mahindra Capital Company Limited, Axis Capital Limited, BofA Securities India Limited, HSBC Securities and Capital Markets (India) Private Limited, ICICI Securities Limited, Jefferies India Private Limited, JM Financial Limited, Motilal Oswal Investment Advisors Limited and SBI Capital Markets Limited are the book-running lead managers to the issue, while KFin Technologies Limited is the registrar.
The SBI Funds Management IPO will remain open for subscription until July 16. Category-wise subscription figures will be updated as fresh bidding data is released by the exchanges during the subscription period.
Subscription for the public issue opened at 10:00 IST on Tuesday's deals. Updates to follow.
Also Read- ICICI Prudential AMC Q1 Profit Climbs To ₹965 Crore, Revenue Up 18%
This article is for informational purposes only and should not be considered investment advice from Kotak Neo. For compliance T&C and disclaimers, visit https://www.kotakneo.com/disclaimer/.
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