SBI Funds IPO subscribed 2.77 times on Day 2; NII segment leads demand

ET BureauLast Updated: Jul 16, 2026, 05:50:00 AM IST

Synopsis

SBI Funds Management's IPO saw strong subscription interest on its second day. The Qualified Institutional Buyer portion was subscribed 1.5 times, while retail investors showed good engagement. Non-Institutional Investors showed significant interest, subscribing 6.58 times to their allocated portion. Shareholders of its parent company, State Bank of India, subscribed 3.98 times. This significant IPO, the largest of 2026, closes for bids on Thursday.

Mumbai: The ₹9,813-crore Initial Public Offering (IPO) of SBI Funds Management was subscribed 2.77 times on Wednesday- the second day of subscription. The Qualified Institutional Buyer (QIB) portion was subscribed 1.5 times, Non-Institutional Investors (NII) portion 6.58 times, and retail investor portion was subscribed 1.61 times on Wednesday. Portion reserved for shareholders of its parent company, State Bank of India, was subscribed 3.98 times. The issue, biggest in 2026 yet, will close for bids on Thursday. The IPO is priced at ₹545-574 apiece.

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