New Delhi, July 14 -- The initial public offering (IPO) of SBI Funds Management, the country's largest asset management company (AMC), received a healthy response from all categories of investors on the first day of bidding.

By the end of Day 1, the issue was subscribed 0.71 times, with bids received for 8.79 crore shares against the 12.45 crore shares on offer, according to exchange data.

Among investor categories, the retail investor portion was subscribed 0.67 times, while the non-institutional investor (NII) segment was booked 1.40 times.

The qualified institutional buyer (QIB) portion was subscribed 0.08 times. Meanwhile, the employee portion witnessed strong demand and was fully subscribed by the end of the day.

Ahead of the IPO...