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  5. SBI Funds Management IPO subscribed 41.61 times so far on Day 3: Check subscription status, allotment date and steps

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SBI Funds Management IPO subscribed 41.61 times so far on Day 3: Check subscription status, allotment date and steps

Journalist Kamal Joshi, former Republic TV and latestly news editor, currently associated with Upstox as senior ipo writer.
By Kamal Joshi

2 min read | Updated on July 16, 2026, 16:25 IST

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SUMMARY

SBI Funds Management IPO seeks to raise ₹9,812.91 crore via an offer for sale (OFS) of 17.10 crore shares by State Bank of India (SBI) and Amundi.

SBI Funds Management is the investment manager of SBI Mutual Fund. | Image: Shutterstock

SBI Funds Management is the investment manager of SBI Mutual Fund. | Image: Shutterstock

The initial public offering of SBI Mutual Fund manager SBI Funds Management has been subscribed 41.61 times so far on the final day of bidding on Thursday, July 16.

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It got bids for 5,18,34,97,592 shares compared to 12,45,63,536 shares on offer, according to the NSE data until 4:24 pm.

The category for non-institutional investors (NIIs) fetched 22.49 times subscription, and the portion for retail investors got 3.51 times subscription. The quota meant for qualified institutional buyers (QIBs) was subscribed 140.11 times.

The initial share sale seeks to raise ₹9,812.91 crore via an offer for sale (OFS) of 17.10 crore shares by State Bank of India (SBI) and Amundi.

"Our company expects that listing of the equity shares will enhance our visibility and brand image as well as provide a public market for the equity shares in India," according to the red herring prospectus (RHP).

With a price band of ₹545 to ₹574 per equity share, a lot consists of 26 shares.

SBI Funds Management, the investment manager of SBI Mutual Fund, is the largest asset management company in India on the basis of quarterly average assets under management (QAAUM). It managed the mutual fund QAAUM of ₹12.51 lakh crore and held a 15.3% market share of the domestic mutual fund industry as of March 31, 2026.

SBI Mutual Fund IPO: Allotment and listing date

The basis of allotment of SBI Mutual Fund is likely to be finalised on Friday, July 17. The listing on the stock exchanges will occur on Tuesday, July 21.

SBI Funds Management IPO: Who is eligible to apply under shareholders quota for SBI investors

How to check SBI Funds Management IPO allotment status on NSE

Steps to check SBI Funds Management IPO allotment status on KFin Technologies website

  • Open registrar's official allotment page: https://ipostatus.kfintech.com/
  • In the ‘Select IPO’ dropdown menu, choose 'SBI Funds Management Ltd'
  • Enter IPO application number, Demat account number or PAN
  • Click on 'Submit'

About The Author

Journalist Kamal Joshi, former Republic TV and latestly news editor, currently associated with Upstox as senior ipo writer.
Kamal Joshi is a business journalist who covers markets and IPOs. He places a special focus on in-depth analysis of DRHPs, RHPs and public-issue documents to produce data-driven stories. He covers trends across mainboard and SME IPOs, anchor allocations, subscription status and post-listing performance. He is passionate about breaking news and enjoys playing pickleball, especially flexing his net play. He was previously associated with Republic TV and LatestLY.

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