SBI Funds Management IPO subscribed 40% so far on Day 1: 10 key points you should know

SBI Funds Management IPO: The initial public offering of SBI Funds Management, which manages SBI Mutual Fund, hit the primary market on Tuesday, July 14. The price band has been fixed at ₹545 to ₹574 per share.

The company's shares will hit the National Stock Exchange (NSE) and the BSE on July 21.

SBI Funds Management IPO Day 1: Category-wise subscription status

The issue has been subscribed 40% so far on Day 1, with bids for 4,95,72,796 shares compared to 12,45,63,536 shares on offer, according to the NSE data until 1:31 pm.

SBI Funds Management IPO: 10 key points to know

1. SBI Mutual Fund IPO subscription period: The issue will be open from July 14 to July 16.
2. Anchor investors' bidding: The company mobilised ₹2,663 crore from anchor investors, including HDFC Mutual Fund (MF), ICICI Prudential MF, GIC, Life Insurance Corporation of India (LIC), Nippon India MF, HDFC Life Insurance, Abu Dhabi Investment Authority, Capital World Investors, GIC, BlackRock, Goldman Sachs Asset Management, Fidelity Management & Research and Norges Bank.
3. IPO offer structure: The ₹9,812.91 crore initial share sale is exclusively an offer for sale of 17.10 crore shares by existing shareholders State Bank of India (SBI) and Amundi. There is no fresh issue component. The company earlier intended to raise ₹11,693 crore, but the issue size was subsequently reduced post pre-IPO placement of about ₹1,880 crore.
4. Objectives: Since there is no fresh issuance of shares, the company will not get any proceeds from the issue.
5. SBI Funds Management IPO price band: The price range has been fixed at ₹545 to ₹574 per unit.
6. Reservation: The company has reserved half of the net issue for QIBs, 35% for retail investors, and 15% for NIIs.
7. SBI Funds Management IPO lot size: The minimum investment for an application is 26 shares.
8. Book-running lead manager and registrar: Kotak Mahindra Capital, BofA Securities, Axis Capital, HSBC Securities and Capital Markets, Jefferies India, ICICI Securities, SBI Capital Markets, Motilal Oswal, JM Financial and Jefferies India are the issue's book-running lead manager, while KFin Technologies is the registrar.
9. SBI Funds Management IPO allotment and share credit date: The basis of allotment is expected to be finalised on July 17. Investors who got shares allotted can expect them to be credited to their demat account on July 20, 2026. Refunds for non-allottees will be processed on the same day.
10. SBI Funds Management IPO listing date: The listing on the stock exchanges will take place on July 21.