New Delhi, July 16 -- The initial public offering (IPO) of SBI Funds Management, the country's largest asset management company (AMC), attracted strong demand on the final day of bidding, driven by robust institutional participation, with the issue being oversubscribed more than 41 times.

All investor categories witnessed healthy participation. The non-institutional investor (NII) portion was oversubscribed 22.51 times, while the qualified institutional buyers (QIB) segment saw exceptionally strong demand, with subscriptions reaching 140 times.

The retail investors' quota was subscribed 3.76 times, while the employee and shareholder portions were booked 4.65 times and 9.52 times, respectively.

Overall, the IPO received bids for 519 cro...