SBI Funds Management Limited’s IPO Subscribed 68 Percent on Day 1 of IPO
Non-institutional investors (NII) portion subscribed 1.39 times on Day 1 Issue closes on Thursday, July 16, 2026, for bidding Mumbai, July 14, 2026: The Initial Public Offering of SBI Funds Management Limited was subscribed 0.68 times on the first day of bidding, demonstrating strong demand from retail, employees and non-institutional investors (NII) for this IPO. The issue received bids of 8,50,65,656 equity shares against the offered 12,45,63,536 equity shares, according to data available on the stock exchanges. The Non-Institutional Portion and Retail Portion were subscribed 1.39 times and 0.62 times, respectively. The Qualified Institutional Investors (QIB) portion was subscribed 0.08 times, while the Employee Reserved Quota was subscribed 1.02 times. The issue kicked off for subscription on Tuesday, July 14, 2026, and will close for subscription on Thursday, July 16, 2026. A day before the opening of the issue, SBI Funds Management Limited had raised nearly ₹2,663 crore fro...