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SBI Funds Management IPO Subscription Status

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

As of IPO close date (16 Jul, 2026), the SBI Funds Management IPO is subscribed 41.66x times. Retail category is 3.6x, and NII is 22.51x subscribed.

Q: When is the allotment date for SBI Funds Management IPO?

The allotment for SBI Funds Management IPO is expected to be finalized on 17 July, 2026.

Q: What is the GMP of SBI Funds Management?

The Grey Market Premium (GMP) for SBI Funds Management is currently ₹95.5, indicating a potential listing gain of 16.6%.

Q: When will SBI Funds Management IPO list on the stock market?

SBI Funds Management is scheduled to list on BSE and NSE on 21 July, 2026.

Q: What are the chances of getting allotment in SBI Funds Management IPO?

The retail category is oversubscribed at 3.6x, meaning allotment is by lottery. Statistically, approximately 1 in 4 applicants will receive allotment. Applying with multiple family member accounts (each at minimum lot size) improves your cumulative odds.

Q: What does QIB subscription of 140.11x mean for SBI Funds Management IPO?

Strong — QIBs (mutual funds, FIIs, insurance companies) have subscribed 140.11x, indicating high institutional conviction. Heavy QIB demand is historically one of the strongest predictors of a positive listing.

Q: How to check SBI Funds Management IPO allotment status?

After the allotment date (17 Jul, 2026), you can check your SBI Funds Management IPO allotment status on IPO Guru's allotment checker, on the BSE/NSE website using your PAN or application number, or through your broker's app.

SBI Funds Management IPO Discussion

IPO Guru Community · 2026-07-02T15:30:07+05:30

SBI Funds Management IPO opened from 14 Jul to 16 Jul 2026 and listed on 21 Jul 2026 at ₹613.3 — a gain of +6.85% over the issue price of ₹574.

The SBI Funds Management IPO has been subscribed 41.66x times overall. Retail investors have shown interest with bids for 3.6x the shares available. The Non-Institutional Investor (NII) category has been subscribed 22.51x. Within NII, Big HNI (B-HNI) subscribed 26.01x and Small HNI (S-HNI) subscribed 15.51x. Qualified Institutional Buyers (QIBs) have subscribed 140.11x. Data last updated on 10 Aug, 11:18 AM.

The IPO subscription period has ended. Given the strong demand, the allotment process is expected to be highly competitive. The issue opened on 14 Jul, 2026 and closes on 16 Jul, 2026. The shares are expected to list on stock exchanges on 21 Jul, 2026.

Full Details Check GMP

Live Subscription Data
Day-wise Subscription History
Allotment Probability
What Does This Subscription Data Mean?
Frequently Asked Questions

Total Subscription

41.66 x

60,13,243 applications

QIB 140.11x

BHNI 26.01x

SHNI 15.51x

Retail 3.6x

Shareholder 9.52x

Employee 4.65x

Live Bidding

Category	Offered	Applied	Amount (Cr)	Bid Details	TIMES
QIB	3,09,28,731	4,33,32,71,956	248,729.81 Cr	4,33,32,71,956 of 3,09,28,731 360 applications 248,729.81 Cr	140.11x
1(a) Foreign Institutional Investors (FIIs)		1,53,58,62,744	88,158.52 Cr	1,53,58,62,744 88,158.52 Cr
1(b) Domestic Financial Institutions (Banks/FIs/Insurance)		2,12,88,73,500	122,197.34 Cr	2,12,88,73,500 122,197.34 Cr
1(c) Mutual Funds		24,58,43,780	14,111.43 Cr	24,58,43,780 14,111.43 Cr
1(d) Others		42,26,91,932	24,262.52 Cr	42,26,91,932 24,262.52 Cr
NII	2,31,96,549	52,21,84,416	29,973.39 Cr	52,21,84,416 of 2,31,96,549 5,05,041 applications 29,973.39 Cr	22.51x
2.1 Big NII — bid amount above ₹10 Lakh	1,54,64,366	40,22,20,000	23,087.43 Cr	40,22,20,000 2,10,447 applications 23,087.43 Cr	26.01
2.1(a) Corporates		87,17,852	500.40 Cr	87,17,852 500.40 Cr
2.1(b) Individuals (other than RIIs)		37,36,68,906	21,448.60 Cr	37,36,68,906 21,448.60 Cr
2.1(c) Others		1,98,33,242	1,138.43 Cr	1,98,33,242 1,138.43 Cr
2.2 Small NII — bid amount ₹2–10 Lakh	77,32,183	11,99,64,416	6,885.96 Cr	11,99,64,416 2,94,594 applications 6,885.96 Cr	15.51
2.2(a) Corporates		5,25,434	30.16 Cr	5,25,434 30.16 Cr
2.2(b) Individuals (other than RIIs)		11,52,52,540	6,615.50 Cr	11,52,52,540 6,615.50 Cr
2.2(c) Others		41,86,442	240.30 Cr	41,86,442 240.30 Cr
Retail	5,41,25,280	19,46,77,444	11,174.49 Cr	19,46,77,444 of 5,41,25,280 47,56,603 applications 11,174.49 Cr	3.6x
Shareholder	1,30,55,629	12,42,63,542	7,132.73 Cr	12,42,63,542 of 1,30,55,629 6,94,166 applications 7,132.73 Cr	9.52x
Employee	32,57,347	1,51,49,992	869.61 Cr	1,51,49,992 of 32,57,347 57,073 applications 869.61 Cr	4.65x
TOTAL	12,45,63,536	5,18,95,47,350	297,880.02 Cr	5,18,95,47,350 60,13,243 applications 297,880.02 Cr	41.66x

Last Updated: 10 Aug 2026, 11:18 AM

SBI Funds Management IPO Basis of Allotment

Final figures published by the registrar, after technical rejections. Allotment price ₹573, employees ₹520.

FINAL

Applications

60,13,372

Allottees

25,68,962

Overall Odds

1 in 2.3

Amount Collected

₹2,98,473 Cr

Category	AppsApplications	Shares Applied	Shares Allotted	GotAllottees	Odds
QIB 56.63x subscribed	489	4,37,86,81,424 ₹2,51,336 Cr	7,73,21,826 56.63x subscribed	484	1 in 1.01 in 1.0
Ex. Anchor Ex. Anchor	360	4,33,02,62,378	3,09,28,731 · 140.01x	355	1 in 1.01 in 1.0
Anchor Anchor Investors	129	4,84,19,046	4,63,93,095 · 1.04x	129	AllAll allotted
NII (HNI) 22.30x subscribed	5,05,041	51,73,28,786 ₹29,694 Cr	2,31,96,549 22.30x subscribed	63,726	1 in 7.91 in 7.9
bNII >₹10L bNII — above ₹10 Lakh	2,10,447	39,94,11,194	1,54,64,366 · 25.83x	42,484	1 in 5.01 in 5.0
sNII <₹10L sNII — below ₹10 Lakh	2,94,594	11,79,17,592	77,32,183 · 15.25x	21,242	1 in 141 in 14
Retail 3.43x subscribed	47,56,603	18,59,18,044 ₹10,671 Cr	5,41,25,280 3.43x subscribed	20,81,741	1 in 2.31 in 2.3
Shareholders 9.11x subscribed	6,94,166	11,89,65,782 ₹6,828 Cr	1,30,55,629 9.11x subscribed	3,78,724	1 in 1.81 in 1.8
Employees 2.56x subscribed	57,073	83,28,086 ₹433 Cr	32,57,347 2.56x subscribed	44,287	1 in 1.31 in 1.3
TOTAL 30.47x subscribed	60,13,372	5,20,92,22,122	17,09,56,631 30.47x subscribed	25,68,962	1 in 2.31 in 2.3

Subscription Insights

Retail Allotment

Subscription is above 1x. While a lottery is guaranteed, your probability of allotment is approximately 27.8% for a single lot.

Institutional Backing

Massive institutional interest with QIBs subscribing 140.11x. This often signals long-term confidence from professional funds.

Day-wise Subscription History

Subscription trends over the last 3 days

Date	Total	QIB	BHNI	SHNI	Retail	Shareholder	Employee
16 Jul 2026 DAY 3	41.66x	140.11x	26.01x	15.51x	3.6x	9.52x	4.65x
QIB 140.11x BHNI 26.01x SHNI 15.51x Retail 3.6x Shareholder 9.52x Employee 4.65x
15 Jul 2026 DAY 2	2.77x	1.5x	7.13x	5.49x	1.61x	3.98x	2.27x
QIB 1.5x BHNI 7.13x SHNI 5.49x Retail 1.61x Shareholder 3.98x Employee 2.27x
14 Jul 2026 DAY 1	0.7x	0.08x	1.36x	1.46x	0.67x	1.04x	1.03x
QIB 0.08x BHNI 1.36x SHNI 1.46x Retail 0.67x Shareholder 1.04x Employee 1.03x

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Anchor Investor Allocation

Breakdown of shares allotted to anchor investors before the IPO opening

#	Anchor Investor	Group Entity	Shares Allotted	Amt (₹ cr.)	% Allocated	% of Issue
1	CAPITAL GROUP GLOBAL EQUITY FUND (CANADA)	CAPITAL GROUP	3135886	₹180.00 Cr	6.76%	1.83%
2	LIFE INSURANCE CORPORATION OF INDIA	LIFE INSURANCE CORP.OF INDIA	3135886	₹180.00 Cr	6.76%	1.83%
3	GOVERNMENT OF SINGAPORE	GOVERNMENT OF SINGAPORE	2654782	₹152.38 Cr	5.72%	1.55%
4	NOMURA INDIA INVESTMENT FUND MOTHER FUND	NOMURA	1567930	₹90.00 Cr	3.38%	0.92%
5	BLACKROCK GLOBAL FUNDS - INDIA FUND	BLACKROCK	1567930	₹90.00 Cr	3.38%	0.92%
6	ABU DHABI INVESTMENT AUTHORITY - MONSOON	ABU DHABI INVESTMENT	1567930	₹90.00 Cr	3.38%	0.92%
7	GOVERNMENT PENSION FUND GLOBAL	GOVERNMENT PENSION FUND GLOBAL	1567930	₹90.00 Cr	3.38%	0.92%
8	HCL CAPITAL PRIVATE LIMITED	HCL CAPITAL	1567930	₹90.00 Cr	3.38%	0.92%
9	GOLDMAN SACHS FUNDS - GOLDMAN SACHS INDIA EQUITY PORTFOLIO	GOLDMAN SACHS	1393678	₹80.00 Cr	3.00%	0.82%
10	HDFC TRUSTEE COMPANY LIMITED-HDFC FLEXI CAP FUND	HDFC MUTUAL FUND	1012050	₹58.09 Cr	2.18%	0.59%
11	NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA LARGE CAP FUND	NIPPON INDIA MUTUAL FUND	940758	₹54.00 Cr	2.03%	0.55%
12	ICICI PRUDENTIAL EQUITY & DEBT FUND	ICICI PRUDENTIAL MUTUAL FUND	871078	₹50.00 Cr	1.88%	0.51%
13	ICICI PRUDENTIAL LARGE & MID CAP FUND	ICICI PRUDENTIAL MUTUAL FUND	871078	₹50.00 Cr	1.88%	0.51%
14	HDFC LIFE INSURANCE COMPANY LIMITED	HDFC LIFE INSURANCE	871078	₹50.00 Cr	1.88%	0.51%
15	ICICI PRUDENTIAL LIFE INSURANCE COMPANY LIMITED	ICICI PRUDENTIAL LIFE INSURANCE	871078	₹50.00 Cr	1.88%	0.51%
16	AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FUND A/C AXIS LARGE CAP FUND	AXIS MUTUAL FUND	871078	₹50.00 Cr	1.88%	0.51%
17	360 ONE SPECIAL OPPORTUNITIES FUND - SERIES 12	360 ONE	871078	₹50.00 Cr	1.88%	0.51%
18	MASSACHUSETTS INSTITUTE OF TECHNOLOGY	MASSACHUSETTS INSTITUTE OF TECHNOLOGY	871078	₹50.00 Cr	1.88%	0.51%
19	FIDELITY INVESTMENT TRUST FIDELITY SERIES EMERGING MARKETS OPPORTUNITIES FUND	FIDELITY	833716	₹47.86 Cr	1.80%	0.49%
20	HDFC MUTUAL FUND - HDFC BANKING AND FINANCIAL SERVICES FUND	HDFC MUTUAL FUND	795158	₹45.64 Cr	1.71%	0.47%
21	ICICI PRUDENTIAL VALUE FUND	ICICI PRUDENTIAL MUTUAL FUND	653302	₹37.50 Cr	1.41%	0.38%
22	NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA MULTI ASSET ALLOCATION FUND	NIPPON INDIA MUTUAL FUND	627172	₹36.00 Cr	1.35%	0.37%
23	HDFC TRUSTEE COMPANY LTD. A/C HDFC BALANCED ADVANTAGE FUND	HDFC MUTUAL FUND	607230	₹34.86 Cr	1.31%	0.36%
24	HDFC TRUSTEE COMPANY LTD. A/C HDFC LARGE CAP FUND	HDFC MUTUAL FUND	607230	₹34.86 Cr	1.31%	0.36%
25	ADITYA BIRLA SUN LIFE TRUSTEE PRIVATE LIMITED A/C ADITYA BIRLA SUN LIFE BANKING AND FINANCIAL SERVICES FUND	ADITYA BIRLA SUN LIFE MUTUAL FUND	557700	₹32.01 Cr	1.20%	0.33%
26	KOTAK MAHINDRA TRUSTEE CO LTD A/C KOTAK BANKING & FINANCIAL SERVICES FUND	KOTAK MAHINDRA MUTUAL FUND	522626	₹30.00 Cr	1.13%	0.31%
27	KOTAK MAHINDRA TRUSTEE CO LTD A/C KOTAK BUSINESS CYCLE FUND	KOTAK MAHINDRA MUTUAL FUND	522626	₹30.00 Cr	1.13%	0.31%
28	MONETARY AUTHORITY OF SINGAPORE	MONETARY AUTHORITY OF SINGAPORE	481104	₹27.62 Cr	1.04%	0.28%
29	360 ONE SPECIAL OPPORTUNITIES FUND - SERIES 9	360 ONE	435526	₹25.00 Cr	0.94%	0.25%
30	INVESCO INDIA FLEXI CAP FUND	INVESCO MUTUAL FUND	435526	₹25.00 Cr	0.94%	0.25%
31	UTI-DIVIDEND YIELD FUND	UTI MUTUAL FUND	425854	₹24.44 Cr	0.92%	0.25%
32	FRANKLIN INDIA AGGRESSIVE HYBRID FUND	FRANKLIN TEMPLETON MUTUAL FUND	413946	₹23.76 Cr	0.89%	0.24%
33	FRANKLIN INDIA BALANCED ADVANTAGE FUND	FRANKLIN TEMPLETON MUTUAL FUND	413946	₹23.76 Cr	0.89%	0.24%
34	ICICI PRUDENTIAL EXPORTS AND SERVICES FUND	ICICI PRUDENTIAL MUTUAL FUND	400686	₹23.00 Cr	0.86%	0.23%
35	MOTILAL OSWAL LARGE CAP FUND	MOTILAL OSWAL MUTUAL FUND	365846	₹21.00 Cr	0.79%	0.21%
36	AVENDUS FINANCE PRIVATE LIMITED	AVENDUS	350080	₹20.09 Cr	0.75%	0.20%
37	SOCIETE GENERALE - ODI	SOCIETE GENERALE	350080	₹20.09 Cr	0.75%	0.20%
38	HSBC MUTUAL FUND - HSBC ELSS TAX SAVER FUND	HSBC MUTUAL FUND	322608	₹18.52 Cr	0.70%	0.19%
39	FIDELITY INVESTMENT TRUST : FIDELITY EMERGING MARKETS FUND	FIDELITY	285298	₹16.38 Cr	0.61%	0.17%
40	BNP PARIBAS FINANCIAL MARKETS - ODI	BNP PARIBAS	263006	₹15.10 Cr	0.57%	0.15%
41	MORGAN STANLEY ASIA (SINGAPORE) PTE. - ODI	MORGAN STANLEY	263006	₹15.10 Cr	0.57%	0.15%
42	KOTAK MAHINDRA TRUSTEE CO LTD A/C KOTAK MNC FUND	KOTAK MAHINDRA MUTUAL FUND	261300	₹15.00 Cr	0.56%	0.15%
43	TATA FLEXI CAP FUND	TATA MUTUAL FUND	261300	₹15.00 Cr	0.56%	0.15%
44	FIAM GROUP TRUST FOR EMPLOYEE BENEFIT PLANS FIAM EMERGING MARKETS OPPORTUNITIES COMMINGLED POOL	FIDELITY	253292	₹14.54 Cr	0.55%	0.15%
45	TATA BANKING & FINANCIAL SERVICES FUND	TATA MUTUAL FUND	243880	₹14.00 Cr	0.53%	0.14%
46	MALABAR INDIA FUND LIMITED	MALABAR	226460	₹13.00 Cr	0.49%	0.13%
47	ADITYA BIRLA SUN LIFE TRUSTEE PRIVATE LIMITED A/C ADITYA BIRLA SUN LIFE SPECIAL OPPORTUNITIES FUND	ADITYA BIRLA SUN LIFE MUTUAL FUND	221208	₹12.70 Cr	0.48%	0.13%
48	ISIF HYBRID LONG - SHORT FUND	ISIF	209066	₹12.00 Cr	0.45%	0.12%
49	EDELWEISS TRUSTEESHIP CO LTD AC- EDELWEISS MF AC- EDELWEISS AGGRESIVE HYBRID FUND	EDELWEISS MUTUAL FUND	209066	₹12.00 Cr	0.45%	0.12%
50	MALABAR MIDCAP FUND	MALABAR	209066	₹12.00 Cr	0.45%	0.12%
51	HDFC MUTUAL FUND - HDFC MULTI CAP FUND	HDFC MUTUAL FUND	202410	₹11.62 Cr	0.44%	0.12%
52	UTI BALANCED ADVANTAGE FUND	UTI MUTUAL FUND	193570	₹11.11 Cr	0.42%	0.11%
53	TATA DIVIDEND YIELD FUND	TATA MUTUAL FUND	191672	₹11.00 Cr	0.41%	0.11%
54	ICICI PRUDENTIAL MUTUAL FUND - ICICI PRUDENTIAL RURAL OPPORTUNITIES FUND	ICICI PRUDENTIAL MUTUAL FUND	174226	₹10.00 Cr	0.38%	0.10%
55	NPS TRUST AC UTI PENSION FUND LIMITED SCHEME E TIER I	UTI NPS TRUST	174226	₹10.00 Cr	0.38%	0.10%
56	ABAKKUS GROWTH FUND - OPEN ENDED	ABAKKUS	174226	₹10.00 Cr	0.38%	0.10%
57	HELIOS FINANCIAL SERVICES FUND	HELIOS MUTUAL FUND	174226	₹10.00 Cr	0.38%	0.10%
58	MANULIFE GLOBAL FUND - INDIA EQUITY FUND	MANULIFE	174226	₹10.00 Cr	0.38%	0.10%
59	NATIXIS INTERNATIONAL FUNDS (LUX) I - LOOMIS SAYLES GLOBAL EMERGING MARKETS EQUITY FUND	NATIXIS	174226	₹10.00 Cr	0.38%	0.10%
60	CHANAKYA WEALTH CREATION FUND	CHANAKYA	174226	₹10.00 Cr	0.38%	0.10%
61	CITIGROUP GLOBAL MARKETS MAURITIUS PRIVATE LIMITED	CITIGROUP	174226	₹10.00 Cr	0.38%	0.10%
62	KOTAK MAHINDRA TRUSTEE CO LTD A/C KOTAK SERVICES FUND	KOTAK MAHINDRA MUTUAL FUND	174200	₹10.00 Cr	0.38%	0.10%
63	NPS TRUST- A/C HDFC PENSION FUND MANAGEMENT LIMITED SCHEME E - TIER II	HDFC NPS TRUST	168194	₹9.65 Cr	0.36%	0.10%
64	HDFC TRUSTEE COMPANY LIMITED - HDFC TAX SAVERFUND	HDFC MUTUAL FUND	159016	₹9.13 Cr	0.34%	0.09%
65	ICICI PRUDENTIAL QUALITY FUND	ICICI PRUDENTIAL MUTUAL FUND	130650	₹7.50 Cr	0.28%	0.08%
66	AXIS MAX LIFE INSURANCE LIMITED A/C UEGFH - HIGH GROWTH FUND II	AXIS MAX LIFE INSURANCE	130650	₹7.50 Cr	0.28%	0.08%
67	EDELWEISS TRUSTEESHIP CO LTD AC- EDELWEISS MF AC- EDELWEISS FLEXI CAP FUND	EDELWEISS MUTUAL FUND	122720	₹7.04 Cr	0.26%	0.07%
68	EDELWEISS MULTI CAP FUND	EDELWEISS MUTUAL FUND	114010	₹6.54 Cr	0.25%	0.07%
69	WHITEOAK CAPITAL BANKING & FINANCIAL SERVICES FUND	WHITEOAK CAPITAL MUTUAL FUND	113230	₹6.50 Cr	0.24%	0.07%
70	HSBC MUTUAL FUND - HSBC LARGE CAP FUND	HSBC MUTUAL FUND	112918	₹6.48 Cr	0.24%	0.07%
71	FIDELITY RUTLAND SQUARE TRUST II : STRATEGIC ADVISERS FIDELITY EMERGING MARKETS FUND AS MANAGED BY FIAM LLC	FIDELITY	105820	₹6.07 Cr	0.23%	0.06%
72	AXIS MAX LIFE INSURANCE LIMITED A/C SUSTAINABLE EQUITY FUND - ULIF02505/10/21SUSTAINEQU104	AXIS MAX LIFE INSURANCE	104546	₹6.00 Cr	0.23%	0.06%
73	AXIS MAX LIFE INSURANCE LIMITED PENSION MAXIMISER FUND (ULIF01715/02/13PENSMAXIMI104)	AXIS MAX LIFE INSURANCE	104520	₹6.00 Cr	0.23%	0.06%
74	AXIS MAX LIFE INSURANCE LIMITED A/C - ULIF00525/11/05PENSGROWTH104 - PENSION GROWTH FUND	AXIS MAX LIFE INSURANCE	104520	₹6.00 Cr	0.23%	0.06%
75	HDFC MUTUAL FUND - HDFC INNOVATION FUND	HDFC MUTUAL FUND	101218	₹5.81 Cr	0.22%	0.06%
76	BHARTI AXA LIFE INSURANCE COMPANY LTD	BHARTI AXA LIFE INSURANCE	93819	₹5.39 Cr	0.20%	0.05%
77	FIDELITY CENTRAL INVESTMENT PORTFOLIOS LLC : FIDELITY EMERGING MARKETS EQUITY CENTRAL FUND	FIDELITY	89804	₹5.15 Cr	0.19%	0.05%
78	EDELWEISS LIFE INSURANCE COMPANY LIMITED	EDELWEISS LIFE INSURANCE	88780	₹5.10 Cr	0.19%	0.05%
79	ALPHAMINE ABSOLUTE RETURN FUND	ALPHAMINE	88780	₹5.10 Cr	0.19%	0.05%
80	BAJAJ FINSERV BANKING AND FINANCIAL SERVICES FUND	BAJAJ FINSERV MUTUAL FUND	88780	₹5.10 Cr	0.19%	0.05%
81	WINRO COMMERCIAL (INDIA) LTD	WINRO COMMERCIAL	88780	₹5.10 Cr	0.19%	0.05%
82	INDUSIND GENERAL INSURANCE COMPANY LIMITED	INDUSIND GENERAL INSURANCE	88780	₹5.10 Cr	0.19%	0.05%
83	MAHINDRA MANULIFE BANKING AND FINANCIAL SERVICES FUND	MAHINDRA MANULIFE MUTUAL FUND	88780	₹5.10 Cr	0.19%	0.05%
84	NAVI FINSERV LIMITED	NAVI	88780	₹5.10 Cr	0.19%	0.05%
85	OXBOW MASTER FUND LIMITED	OXBOW	88780	₹5.10 Cr	0.19%	0.05%
86	UNITED INDIA INSURANCE COMPANY LIMITED	UNITED INDIA INSURANCE	88780	₹5.10 Cr	0.19%	0.05%
87	VIRIDIAN ASIA OPPORTUNITIES MASTER FUND	VIRIDIAN	88780	₹5.10 Cr	0.19%	0.05%
88	EASTSPRING INVESTMENTS INDIA CONSUMER EQUITY OPEN LIMITED	EASTSPRING	88779	₹5.10 Cr	0.19%	0.05%
89	BAJAJ LIFE INSURANCE LIMITED	BAJAJ LIFE INSURANCE	88779	₹5.10 Cr	0.19%	0.05%
90	ADITYA BIRLA SUN LIFE INSURANCE COMPANY LIMITED	ADITYA BIRLA SUN LIFE INSURANCE	88779	₹5.10 Cr	0.19%	0.05%
91	NPS TRUST- A/C LIC PENSION FUND SCHEME E - TIER I	LIC NPS TRUST	88779	₹5.10 Cr	0.19%	0.05%
92	NUVAMA MULTI ASSET STRATEGY RETURN FUND	NUVAMA	88779	₹5.10 Cr	0.19%	0.05%
93	KOTAK MAHINDRA TRUSTEE CO LTD A/C INFINITY HYBRID LONG-SHORT FUND	KOTAK MAHINDRA MUTUAL FUND	87178	₹5.00 Cr	0.19%	0.05%
94	ISIF ACTIVE ASSET ALLOCATOR LONG-SHORT FUND	ISIF	87126	₹5.00 Cr	0.19%	0.05%
95	GOLDMAN SACHS ETF TRUST - GOLDMAN SACHS INDIA EQUITY ETF	GOLDMAN SACHS	87126	₹5.00 Cr	0.19%	0.05%
96	NEW YORK STATE TEACHERS RETIREMENT SYSTEM-MANAGED BY GOLDMAN SACHS ASSET MANAGEMENT L.P.	NEW YORK STATE TEACHERS RETIREMENT SYSTEM	87126	₹5.00 Cr	0.19%	0.05%
97	BANDHAN MIDCAP FUND	BANDHAN MUTUAL FUND	87126	₹5.00 Cr	0.19%	0.05%
98	JM FINANCIAL MUTUAL FUND - JM FLEXICAP FUND	JM FINANCIAL MUTUAL FUND	87126	₹5.00 Cr	0.19%	0.05%
99	ISIF EQUITY LONG-SHORT FUND	ISIF	87100	₹5.00 Cr	0.19%	0.05%
100	BANDHAN AGGRESSIVE HYBRID FUND	BANDHAN MUTUAL FUND	87100	₹5.00 Cr	0.19%	0.05%
101	AXIS MAX LIFE INSURANCE LIMITED A/C - ULGF00217/04/06GRATBALANC104 - GROUP GRATUITY BALANCED FUND	AXIS MAX LIFE INSURANCE	78390	₹4.50 Cr	0.17%	0.05%
102	UTI-INDIA CONSUMER FUND	UTI MUTUAL FUND	77428	₹4.44 Cr	0.17%	0.05%
103	NPS TRUST A/C - AXIS PENSION FUND MANAGEMENT LIMITED SCHEME E - TIER I	AXIS NPS TRUST	75030	₹4.31 Cr	0.16%	0.04%
104	ADITYA BIRLA SUN LIFE TRUSTEE PRIVATE LIMITED A/C ADITYA BIRLA SUN LIFE EQUITY SAVINGS FUND	ADITYA BIRLA SUN LIFE MUTUAL FUND	73736	₹4.23 Cr	0.16%	0.04%
105	NPS TRUST A/C - HDFC PF NPS EQUITY ADVANTAGE FUND TIER I	HDFC NPS TRUST	69706	₹4.00 Cr	0.15%	0.04%
106	MOTILAL OSWAL FINANCIAL SERVICES FUND	MOTILAL OSWAL MUTUAL FUND	69680	₹4.00 Cr	0.15%	0.04%
107	ITI BANKING AND FINANCIAL SERVICES FUND	ITI MUTUAL FUND	62137	₹3.57 Cr	0.13%	0.04%
108	WHITEOAK CAPITAL LARGE CAP FUND	WHITEOAK CAPITAL MUTUAL FUND	60996	₹3.50 Cr	0.13%	0.04%
109	PGIM INDIA TRUSTEE PRIVATE LIMITED A/C - PGIM INDIA LARGE AND MID CAP FUND	PGIM INDIA MUTUAL FUND	58084	₹3.33 Cr	0.13%	0.03%
110	PGIM INDIA TRUSTEES PRIVATE LIMITED A/C PGIM INDIA LARGE CAP FUND	PGIM INDIA MUTUAL FUND	58084	₹3.33 Cr	0.13%	0.03%
111	PGIM INDIA TRUSTEE PRIVATE LIMITED A/C - PGIM INDIA MULTI CAP FUND	PGIM INDIA MUTUAL FUND	58058	₹3.33 Cr	0.13%	0.03%
112	GROWW MUTUAL FUND - GROWW MULTI CAP FUND	GROWW MUTUAL FUND	53268	₹3.06 Cr	0.11%	0.03%
113	EDELWEISS TRUSTEESHIP CO LTD AC - EDELWEISS MF AC- EDELWEISS RECENTLY LISTED IPO FUND	EDELWEISS MUTUAL FUND	52260	₹3.00 Cr	0.11%	0.03%
114	THE WEALTH COMPANY MUTUAL FUND - THE WEALTH COMPANY FLEXI CAP FUND	THE WEALTH COMPANY MUTUAL FUND	44383	₹2.55 Cr	0.10%	0.03%
115	JM FINANCIAL MUTUAL FUND - JM LARGE CAP FUND	JM FINANCIAL MUTUAL FUND	43550	₹2.50 Cr	0.09%	0.03%
116	JM FINANCIAL MUTUAL FUND-JM VALUE FUND	JM FINANCIAL MUTUAL FUND	43550	₹2.50 Cr	0.09%	0.03%
117	FRANKLIN INDIA MULTI FACTOR FUND	FRANKLIN TEMPLETON MUTUAL FUND	43186	₹2.48 Cr	0.09%	0.03%
118	ITI BUSINESS CYCLE FUND	ITI MUTUAL FUND	26643	₹1.53 Cr	0.06%	0.02%
119	THE WEALTH COMPANY MUTUAL FUND - THE WEALTH COMPANY SMALLCAP FUND	THE WEALTH COMPANY MUTUAL FUND	26630	₹1.53 Cr	0.06%	0.02%
120	NPS TRUST A/C - HDFC PENSION FUND - NPS VATSALYA SCHEME	HDFC NPS TRUST	23400	₹1.34 Cr	0.05%	0.01%
121	APEX HYBRID LONG SHORT FUND	APEX	18434	₹1.06 Cr	0.04%	0.01%
122	GROWW MUTUAL FUND - GROWW BANKING AND FINANCIAL SERVICES FUND	GROWW MUTUAL FUND	17751	₹1.02 Cr	0.04%	0.01%
123	GROWW MUTUAL FUND - LARGE CAP FUND	GROWW MUTUAL FUND	17751	₹1.02 Cr	0.04%	0.01%
124	EDELWEISS TRUSTEESHIP CO LTD AC- EDELWEISS MF AC- EDELWEISS ELSS TAX SAVER FUND	EDELWEISS MUTUAL FUND	15756	₹0.90 Cr	0.03%	0.01%
125	NPS TRUST A/C - AXIS PF NPS GOLDEN YEARS FUND - GROWTH TIER I	AXIS NPS TRUST	12895	₹0.74 Cr	0.03%	0.01%
126	EDELWEISS FINANCIAL SERVICES FUND	EDELWEISS MUTUAL FUND	10504	₹0.60 Cr	0.02%	0.01%
127	THE WEALTH COMPANY MUTUAL FUND - THE WEALTH COMPANY ETHICAL FUND	THE WEALTH COMPANY MUTUAL FUND	8890	₹0.51 Cr	0.02%	0.01%
128	THE WEALTH COMPANY MUTUAL FUND - THE WEALTH COMPANY BALANCED ADVANTAGE FUND	THE WEALTH COMPANY MUTUAL FUND	8877	₹0.51 Cr	0.02%	0.01%
129	NPS TRUST A/C - AXIS PENSION FUND - NPS VATSALYA SCHEME	AXIS NPS TRUST	5894	₹0.34 Cr	0.01%	0.00%
	Total		46,393,095	₹2,663.02 Cr	100.06%

SBI Funds Management IPO Allotment Probability

Retail (up to ₹2 L)

1 in 3

~43.8% chance per PAN — 4,756,603 applicants for 2,081,741 allotment slots. Winners get exactly 1 lot (₹14,924) by SEBI lottery, however many lots you bid.

Small HNI (₹2–10 L)

1 in 14

~7.2% chance — 294,594 applicants for 21,242 allotment slots. Lottery allots the minimum S-HNI application of 14 lots (₹2.1 L) per winner; bidding bigger doesn't improve odds.

Big HNI (above ₹10 L)

1 in 25

~4.2% chance — 210,447 applicants for 8,746 allotment slots. Lottery allots the minimum B-HNI application of 68 lots (₹10.1 L) per winner; the rest is proportionate.

QIB (institutions)

140.11x

Proportionate allotment — at 140.11x, institutions receive ~0.7% of their bid. No lottery; not open to individual investors. Strong institutional endorsement.

Odds marked with applicant counts are computed from the exchange's actual application data (applicants ÷ allotment slots); others assume minimum-size bids at the current subscription multiple. Retail and HNI allotment is by SEBI-mandated lottery of the minimum application when oversubscribed; QIB allotment is proportionate. Numbers move until subscription closes. This is not investment advice.

What Does This Subscription Data Mean?

IPO subscription data tells you how much demand exists for the shares being offered, broken down by investor category. Understanding each category helps you gauge the real sentiment behind the numbers:

QIB (Qualified Institutional Buyers) — includes mutual funds, FIIs, insurance companies, and banks. QIBs do deep due diligence before bidding. A QIB subscription above 10x is a strong institutional endorsement. Watch QIB numbers closely on the final day — they often hold back and flood in after 3 PM.
NII / HNI (Non-Institutional Investors) — high-net-worth individuals bidding above ₹2 lakh. NII allotment is proportionate (not lottery), so higher NII subscription means smaller per-lot allotment. Big HNI (B-HNI) bids above ₹10 lakh; Small HNI (S-HNI) bids ₹2–10 lakh.
Retail — individual investors bidding up to ₹2 lakh. When retail is below 1x, everyone who applied gets full allotment. When oversubscribed, SEBI mandates a computerised lottery — only 1 lot per successful applicant regardless of how many lots you apply for.
Overall Subscription — a blended multiple across all categories. A total subscription above 10x is considered strong; above 50x is exceptional and usually predicts strong listing gains.

Data sourced from BSE/NSE. Subscription numbers are updated during market hours (10 AM – 5 PM IST) on active subscription days.

Frequently Asked Questions

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

As of IPO close date (16 Jul, 2026), the SBI Funds Management IPO is subscribed 41.66x times. Retail category is 3.6x, and NII is 22.51x subscribed.

When is the allotment date for SBI Funds Management IPO?

The allotment for SBI Funds Management IPO is expected to be finalized on 17 July, 2026.

What is the GMP of SBI Funds Management?

The Grey Market Premium (GMP) for SBI Funds Management is currently ₹95.5, indicating a potential listing gain of 16.6%.

When will SBI Funds Management IPO list on the stock market?

SBI Funds Management is scheduled to list on BSE and NSE on 21 July, 2026.

What are the chances of getting allotment in SBI Funds Management IPO?

The retail category is oversubscribed at 3.6x, meaning allotment is by lottery. Statistically, approximately 1 in 4 applicants will receive allotment. Applying with multiple family member accounts (each at minimum lot size) improves your cumulative odds.

What does QIB subscription of 140.11x mean for SBI Funds Management IPO?

Strong — QIBs (mutual funds, FIIs, insurance companies) have subscribed 140.11x, indicating high institutional conviction. Heavy QIB demand is historically one of the strongest predictors of a positive listing.

How to check SBI Funds Management IPO allotment status?

After the allotment date (17 Jul, 2026), you can check your SBI Funds Management IPO allotment status on IPO Guru's allotment checker, on the BSE/NSE website using your PAN or application number, or through your broker's app.