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SBI Funds Management IPO logo

SBI Funds Management IPO Subscription History

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Subscription Status  ·  Jul 14 – Jul 16, 2026  ·  ₹545–574

The SBI Funds Management IPO subscription has recorded strong investor demand with an overall subscription of 41.73× as of Jul 16, 2026, indicating that investors applied for 41.73 times the number of shares on offer. All investor categories (institutional, HNI, and retail) have participated actively, making this one of the closely watched IPO openings.

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  • QIB (Qualified Institutional Buyers) subscribed 140.11×, heavyweight participation from mutual funds, foreign institutional investors (FIIs), and domestic banks. Strong QIB demand is widely regarded as one of the most reliable indicators of a successful listing.
  • HNI / NII category. Big NII (bids above ₹10 lakh) subscribed 26.01× and Small NII (below ₹10 lakh) subscribed 15.51×. High-net-worth investors are aggressively leveraging borrowed funds, signalling strong listing-gain expectations.
  • Retail investors subscribed 3.76×, solid retail participation across the board. Allotment is proportionate or lottery-based depending on final oversubscription.
QIB
140.11×
Qualified Institutional Buyers
NII
22.51×
Non-Institutional Investors
bNII
26.01×
Bids above ₹10L
sNII
15.51×
Bids below ₹10L
Retail
3.76×
Retail Individual Investors
Shareholders
9.52×
Existing Shareholders
Employees
4.65×
Employee Category
Total
41.73×
Heavily Oversubscribed

Live Subscription Data

Last updated: Jul 16, 2026, 5:45 PM IST

Overall
41.73×
Category Shares Offered Shares Bid For Times Subscribed
QIB
Qualified Institutional Buyers
30,928,731 4,333,271,956
140.11×
NII
Non-Institutional Investors
23,196,549 522,184,416
22.51×
bNII
Bids above ₹10L
15,464,366 402,220,000
26.01×
sNII
Bids below ₹10L
7,732,183 119,964,416
15.51×
Retail
Retail Individual Investors
54,125,280 203,735,038
3.76×
Shareholders
Existing Shareholders
13,055,629 124,263,542
9.52×
Employees
Employee Category
3,257,347 15,149,992
4.65×
Total
124,563,536 5,198,604,944
41.73×
Heavily Oversubscribed — 41.73× overall Allotment probability may be lower due to high demand

Day-wise Subscription Trend

How subscription built up across investor categories over time

Day-wise Subscription History

Snapshot of each day's bidding activity

Tue, Jul 14, 2026
0.71×
Category Offered Bid For Times
QIB 30,928,731 2,322,788 0.08×
NII 23,196,549 32,392,802 1.40×
bNII 15,464,366 21,074,378 1.36×
sNII 7,732,183 11,318,424 1.46×
Retail 54,125,280 36,464,896 0.67×
Shareholders 13,055,629 13,622,492 1.04×
Employees 3,257,347 3,346,174 1.03×
Total 124,563,536 88,149,152 0.71×
Wed, Jul 15, 2026
2.82×
Category Offered Bid For Times
QIB 30,928,731 46,396,974 1.50×
NII 23,196,549 152,923,290 6.59×
bNII 15,464,366 110,192,784 7.13×
sNII 7,732,183 42,730,506 5.53×
Retail 54,125,280 92,548,872 1.71×
Shareholders 13,055,629 52,156,728 3.99×
Employees 3,257,347 7,422,324 2.28×
Total 124,563,536 351,448,188 2.82×
Thu, Jul 16, 2026
41.73×
Category Offered Bid For Times
QIB 30,928,731 4,333,271,956 140.11×
NII 23,196,549 522,184,416 22.51×
bNII 15,464,366 402,220,000 26.01×
sNII 7,732,183 119,964,416 15.51×
Retail 54,125,280 203,735,038 3.76×
Shareholders 13,055,629 124,263,542 9.52×
Employees 3,257,347 15,149,992 4.65×
Total 124,563,536 5,198,604,944 41.73×

Frequently Asked Questions

What is the current subscription status of SBI Funds Management IPO?

As of July 16, 2026, the SBI Funds Management IPO has been subscribed 41.73 times overall. The IPO is fully subscribed with strong investor demand.

When was the SBI Funds Management IPO subscription window open?

The SBI Funds Management IPO subscription window was open from July 14, 2026 to July 16, 2026. Investors could apply through their demat account or ASBA facility.

What is the price band and minimum investment for SBI Funds Management IPO?

The SBI Funds Management IPO has a price band of ₹545 to ₹574 per share, with a lot size of 26 shares. Minimum retail investment: ₹14,170 (lower band) or ₹14,924 (upper band).

What is the QIB subscription for SBI Funds Management IPO?

The QIB category has been subscribed 140.11 times. QIBs were offered 30,928,731 shares. Strong QIB subscription indicates high institutional confidence.

What is the Retail subscription for SBI Funds Management IPO?

Retail investors subscribed 3.76 times. Retail was offered 54,125,280 shares.

What is the NII subscription for SBI Funds Management IPO?

Overall NII: 22.51×. bNII (>₹10L): 26.01×, sNII (<₹10L): 15.51×. NII includes HNIs and corporate entities investing above ₹2 lakh.

How can I check my SBI Funds Management IPO allotment status?

Basis of allotment is on July 17, 2026. Check via the registrar's website, KFin Technologies Limited using your PAN number, application number, or DP/Client ID. You can also check on BSE/NSE websites or through your broker's app.

When will SBI Funds Management IPO be listed?

SBI Funds Management IPO is expected to list on July 21, 2026. Shares will list on NSE,BSE. Allotted shares are credited to your demat account 1 business day before listing.

What does 41.73× subscription mean for SBI Funds Management IPO?

A subscription multiple of 41.73× means investors have bid for 41.73 times the total shares available. Since the IPO is oversubscribed, not every applicant will receive shares, allotment happens via lottery (for retail) or proportionately (for other categories). Higher multiples generally reduce allotment probability.

What is the allotment probability for SBI Funds Management IPO retail investors?

Based on the current retail subscription of 3.76×, the estimated allotment probability for retail investors is Moderate. Better odds than heavily subscribed IPOs. Retail allotment in oversubscribed IPOs is done by computerised lottery, each valid application has an equal probability regardless of the number of lots applied for.

How to apply for SBI Funds Management IPO?

You can apply for SBI Funds Management IPO through: (1) ASBA (Application Supported by Blocked Amount) via your bank's net banking or mobile app, (2) UPI-based application through your broker's app (Zerodha, Groww, Angel One, etc.), or (3) directly via your demat account. The amount is blocked in your account and deducted only upon allotment. Applications were accepted from Jul 14 to Jul 16, 2026.

What is the grey market premium (GMP) for SBI Funds Management IPO?

The grey market premium (GMP) reflects unofficial pre-listing trading sentiment. For the latest SBI Funds Management IPO GMP data, check the IPORise GMP page. Note: GMP is unofficial, speculative, and not a guaranteed indicator of listing price. Use it only as a sentiment signal alongside official subscription data.

New to reading subscription numbers? Read our guide on IPO subscription explained.

IPO Details

Open Date
Jul 14, 2026
Close Date
Jul 16, 2026
Allotment
Jul 17, 2026
Listing Date
Jul 21, 2026
Price Band
₹545 – ₹574
Lot Size
26 shares
Min. Investment
₹14,924
Exchange
NSE,BSE
Registrar
KFin Technologies Limited
View Full IPO Details

What Happens Next

  1. Subscription Opens Done

    Jul 14, 2026
  2. Subscription Closes Done

    Jul 16, 2026
  3. Basis of Allotment Done

    Jul 17, 2026
  4. Listing on NSE,BSE Done

    Jul 21, 2026

Allotment Probability

Moderate

Better odds than heavily subscribed IPOs. Based on retail subscription of 3.76×.

Retail allotment in oversubscribed IPOs is done by computerised lottery, each valid application has equal odds regardless of lot size applied.

Share Allocation

QIB 24.8%
NII 18.6%
Retail 43.5%
Total Shares 124,563,536

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Subscription Guide

≥ 10× Heavily Oversubscribed
1× – 10× Subscribed / Oversubscribed
0.5× – 1× Partially Subscribed
< 0.5× Under-subscribed

Higher subscription = lower allotment probability. Progress bars compare each category relative to the highest-subscribed category.