SBI Funds Management IPO was subscribed 40.44 times as of 3.48 pm on the final day of bidding, led by strong demand from qualified institutional buyers (QIBs).The QIB portion was subscribed 136.65 times, while the non-institutional investors (NIIs) category saw subscription of 22.43 times. The retail investor segment was subscribed 3.42 times.The employee portion was subscribed 4.55 times, while the shareholders portion was booked 9.33 times.Ahead of the public issue, SBI Funds Management raised ₹2,663 crore from anchor investors.The anchor book saw participation from global investors including GIC, Abu Dhabi Investment Authority, Capital World Investors, BlackRock, Fidelity Management & Research, Goldman Sachs Asset Management and Norges Bank.Domestic participants included Life Insurance Corporation of India, HDFC Mutual Fund, ICICI Prudential Mutual Fund, Nippon India Mutual Fund and HDFC Life Insurance.The issue comprised a total issue size of ₹9,812.91 crore, entirely an Offer-for-Sale of 17.09 crore equity shares, and did not include any fresh issue component. The IPO was priced in the range of ₹545 to ₹574 per equity share.State Bank of India will sell a 6.3 per cent stake through the issue, while Amundi will divest 3.7 per cent.The issue size was initially proposed at ₹11,693 crore, but was subsequently reduced after the company completed a pre-IPO placement of around ₹1,880 crore.Published on July 16, 2026