SBI Funds Management IPO Subscription Status
Final figures at close of bidding: 21 Jul 2026, 6:30 pm IST
| Category | Subscription |
|---|---|
| QIB | 140.11x |
| NII | 22.51x |
| sNII (₹2L–₹10L) | 15.51x |
| bNII (above ₹10L) | 26.01x |
| Retail (RII) | 3.76x |
| Employee | 4.65x |
| Shareholder | 9.52x |
| Total | 41.73x |
Bidding day 3
Day-wise subscription
| Day | QIB | sNII | bNII | Retail | Employee | Shareholder | Total |
|---|---|---|---|---|---|---|---|
| Day 1 | 0.08x | 1.46x | 1.36x | 0.67x | 1.03x | 1.04x | 0.71x |
| Day 2 | 1.5x | 5.53x | 7.13x | 1.71x | 2.28x | 4x | 2.82x |
| Day 3 | 140.11x | 15.51x | 26.01x | 3.76x | 4.65x | 9.52x | 41.73x |
Times subscribed per category (bids vs shares offered, anchor portion excluded). Bidding has closed — these are the final figures.
How the book filled
Day-by-day demand
The SBI Funds Management book was built over 3 days: overall subscription stood at 0.71× at the close of day 1, read 2.82× at the end of day 2, and finished at 41.73× on day 3. On the final day it was qualified institutional buyers (QIB) driving the book, at 140.11× of the shares set aside for the category. More than half of the final demand arrived after day 1 — a late-building book. The largest single-day addition came on day 3, when the overall multiple moved from 2.82× to 41.73×.
Category detail
Qualified institutional buyers took their portion to 140.11×. Non-institutional investors came in at 22.51×, split 15.51× in the small-NII bucket (bids under ₹10 lakh) and 26.01× among big NIIs (above ₹10 lakh). Within the NII book, the bigger ₹10-lakh-plus bids outpaced the smaller applications. Retail investors put in bids for 3.76× the shares reserved for them. Reserved portions ended with the employee quota at 4.65× and the shareholder quota at 9.52×. That puts qualified institutional buyers (QIB) at the top of the book at 140.11× and retail investors at the bottom at 3.76×.
What the multiple means for allotment
With retail subscription at 3.76×, applications in that category exceeded the shares available to it by a factor of about 3.76. When a retail book is oversubscribed, the registrar does not allot proportionately — allotment runs as a computerised lottery among all valid applications, with each successful application receiving at least one lot of 26 shares — ₹14,924 of stock at the upper band. The multiple above is the data point that determines how thinly that draw is spread; it describes the final book, not the outcome of any single application.
Frequently asked questions
- When does the SBI Funds Management IPO open and close?
- The SBI Funds Management IPO opens on 14 Jul 2026 and closes on 16 Jul 2026.
- How many times was the SBI Funds Management IPO subscribed?
- The SBI Funds Management IPO was subscribed 41.73 times in total across all investor categories.
- What is the reservation split in the SBI Funds Management IPO?
- Of the total shares offered, retail investors get 31.66%, QIBs 18.09% (plus 27.14% anchor), non-institutional investors 13.57%.