SBI Funds Management IPO subscribed 2.77 times; NII category drives demand
3 sources·Updated July 17, 2026
Covered by 3 sources
- ET Markets·Jul 17At 42x subscription, SBI Funds IPO draws record buzz
SBI Funds Management's IPO achieved record subscriptions, becoming the largest of 2026. Investors bid nearly 42 times the shares offered by the asset manager. Qualified Institutional Buyers showed the highest subscription levels, indicating strong demand.
Read at ET Markets → - Business Today IN·Jul 16SBI Funds Management IPO by the numbers: 25 facts every investor should know before the issue closes
On its second day of subscription, the IPO was subscribed 2.77 times by 4:51 pm on July 15, driven by strong demand from Non-Institutional Investors (NIIs), whose quota was subscribed 6.58 times. The Qualified Institutional Buyers (QIBs) portion was booked 1.5 times, while the…
Read at Business Today IN → - Indian Express·Jul 15SBI Funds Management IPO subscribed 2.77 times; NII category drives demandRead at Indian Express →