Mumbai, July 15 -- The initial public offer of SBI Funds Management 34,54,27,290 received bids for shares as against 8,34,31,114 shares on offer, according to stock exchange data at 17:00 IST on Wednesday (15 July 2026). The issue was subscribed 2.77 times.

The issue opened for bidding on Tuesday (14 July 2026) and it will close on Thursday (16 July 2026). The price band of the IPO is fixed between Rs 545 to Rs 574 per share. The minimum order quantity is 26 equity shares.

The initial public offer comprises offer for sale of 17,09,56,631 equity shares, aggregating to Rs 9,299.55 crore at the lower price of Rs 545 and Rs 9,795.32 crore at the upper price band of Rs 574. The offer for sale from promoters comprises sale of 9,95,01,649 equi...