SBI Mutual Fund IPO Subscription Status
SBI Mutual Fund IPO closed on 16 July 2026 with an overall subscription of 41.66x based on shares applied. QIB demand came in at 140.11x, NII at 22.51x, and retail at 3.60x.
Allotment will be finalised on 17 July 2026. The stock is scheduled to list on NSE and BSE on 21 July 2026.
Issue Price
Rs 574.00
GMP Today
Rs 93.00 (+16.20%)
Overall Subscription
41.66x
Issue Size
₹11,692.91 Cr
Allotment Date
17 Jul 2026
Listing Date
21 Jul 2026
SBI Mutual Fund IPO Subscription by Amount
Category-wise subscription based on amount applied at issue price Rs 574.00
| Category | Amount Offered | Amount Applied | Subscription |
|---|---|---|---|
| QIB | Rs 1,775.31 Cr | Rs 2,48,729.81 Cr | 140.11x |
| FII | - | Rs 88,158.52 Cr | - |
| DFI | - | Rs 1,22,197.34 Cr | - |
| Mutual Funds | - | Rs 14,111.43 Cr | - |
| Other | - | Rs 24,262.52 Cr | - |
| NII | Rs 1,331.48 Cr | Rs 29,973.39 Cr | 22.51x |
| bNII (above Rs 10L) | Rs 887.65 Cr | Rs 23,087.43 Cr | 26.01x |
| Corporate | - | Rs 500.40 Cr | - |
| Individual | - | Rs 21,448.60 Cr | - |
| Other | - | Rs 1,138.43 Cr | - |
| sNII (Rs 2L to Rs 10L) | Rs 443.83 Cr | Rs 6,885.96 Cr | 15.51x |
| Corporate | - | Rs 30.16 Cr | - |
| Individual | - | Rs 6,615.50 Cr | - |
| Other | - | Rs 240.30 Cr | - |
| Retail | Rs 3,106.79 Cr | Rs 11,174.49 Cr | 3.60x |
| Cut-off price | - | Rs 9,597.75 Cr | - |
| Fixed price | - | Rs 1,576.74 Cr | - |
| Employee | Rs 186.97 Cr | Rs 869.61 Cr | 4.65x |
| Cut-off price | - | Rs 663.56 Cr | - |
| Fixed price | - | Rs 206.05 Cr | - |
| Shareholder | Rs 749.39 Cr | Rs 7,132.73 Cr | 9.52x |
| Cut-off price | - | Rs 5,446.66 Cr | - |
| Fixed price | - | Rs 1,686.07 Cr | - |
| Total | Rs 7,149.95 Cr | Rs 2,97,880.02 Cr | 41.66x |
SBI Mutual Fund IPO Subscription by Applications
Category-wise subscription based on applications received
| Category | Applications Offered | Applications Received | Subscription |
|---|---|---|---|
| QIB | 3,09,28,730 | 3,561 | 0.00x |
| FII | - | 106 | - |
| DFI | - | 119 | - |
| Mutual Funds | - | 100 | - |
| Other | - | 3,236 | - |
| NII | 63,727 | 5,11,233 | 8.02x |
| bNII (above Rs 10L) | 42,485 | 2,12,137 | 4.99x |
| Corporate | - | 1,953 | - |
| Individual | - | 1,99,884 | - |
| Other | - | 10,300 | - |
| sNII (Rs 2L to Rs 10L) | 21,242 | 2,99,096 | 14.08x |
| Corporate | - | 910 | - |
| Individual | - | 2,87,376 | - |
| Other | - | 10,810 | - |
| Retail | 20,81,742 | 49,28,461 | 2.37x |
| Cut-off price | - | 42,34,998 | - |
| Fixed price | - | 6,93,463 | - |
| Employee | 1,25,283 | 1,63,313 | 1.30x |
| Cut-off price | - | 1,49,380 | - |
| Fixed price | - | 13,933 | - |
| Shareholder | 5,02,140 | 6,92,927 | 1.38x |
| Cut-off price | - | 5,51,793 | - |
| Fixed price | - | 1,41,134 | - |
| Total | 3,37,01,622 | 62,99,495 | 0.19x |
What Do These Subscription Numbers Mean?
A subscription of 41.66x by shares means the IPO received bids for 42 times the shares reserved. Allotment odds depend on application count in each category, not share volume.
Here is what each category number tells you:
QIB at 140.11x by shares: This is the strongest signal on the page. QIBs are institutional investors, mutual funds, foreign institutions, and banks. When they subscribe at 140.11x, it reflects serious institutional conviction.
NII at 8.02x by applications: NII includes high net worth individuals applying above Rs 2 lakh. Proportional allotment uses application subscription. bNII came in at 4.99x and sNII at 14.08x by applications. Share subscription was 22.51x. Allotment uses application count, not share volume.
At 2.37x subscription by applications, approximately 1 in 2 retail applicants can expect an allotment (~42% per application). Retail allotment is done by lottery when oversubscribed. Share subscription was 3.60x. Allotment uses application count, not share volume.
At 1.30x subscription by applications, approximately 1 in 1 employee applicants can expect an allotment (~77% per application). Employee reservation uses the same lottery logic as retail when oversubscribed.
SBI Mutual Fund IPO Allotment Chances
Allotment odds below use application subscription (number of bids received), not share or amount subscribed.
Retail
- •Application subscription: 2.37x.
- •Allotment odds: about 1 in 2 (~42% chance per application).
- •Method: Lottery. If allotted, you receive at least one lot.
- •Share subscription was 3.60x. Allotment uses application count, not share volume.
- •One application per PAN. Multiple eligible accounts in a household can improve overall family odds, not individual odds.
SHNI (Rs 2 lakh to Rs 10 lakh)
- •Application subscription: 14.08x.
- •Allotment odds: about 1 in 14 for a minimum-lot application (~7% of the applied lot on average).
- •Method: Proportional. Shares allotted are based on your bid size, not a lottery.
- •Share subscription was 15.51x. Allotment uses application count, not share volume.
BHNI (above Rs 10 lakh)
- •Application subscription: 4.99x.
- •Allotment odds: about 1 in 5 for a minimum-lot application (~20% of the applied lot on average).
- •Method: Proportional. Shares allotted are based on your bid size, not a lottery.
- •Share subscription was 26.01x. Allotment uses application count, not share volume.
Check the SBI Mutual Fund IPO Allotment Status page from 17 July 2026 for your allotment result.
SBI Mutual Fund IPO GMP After Subscription
GMP for SBI Mutual Fund IPO stands at Rs 93.00 today, giving an estimated listing price of Rs 667.00 per share.
The GMP has moved lower from Rs 140.00 on 6 Jul 2026 to Rs 92.00 on 18 Jul 2026.
A subscription of 41.66x combined with a GMP of 16.20% is a strong combination heading into listing. QIB demand above 50x in particular tends to support listing sentiment, as institutional investors are seen as informed buyers.
Track live GMP on the SBI Mutual Fund IPO GMP Today page or the IPOwiz Live IPO GMP Tracker.
SBI Mutual Fund IPO Day-wise Subscription
| Day | QIB | NII | Retail | Overall |
|---|---|---|---|---|
| Day 1 - 14 Jul 2026 | 0.08x | 1.40x | 0.67x | 0.71x |
| Day 2 - 15 Jul 2026 | 1.50x | 6.59x | 1.71x | 2.82x |
| Day 3 - 16 Jul 2026 | 140.11x | 22.51x | 3.76x | 41.73x |
SBI Mutual Fund IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | 14 July 2026 |
| IPO Close Date | 16 July 2026 |
| Allotment Date | 17 July 2026 |
| Refund Initiation | 18 July 2026 |
| Share Credit to Demat | 18 July 2026 |
| Listing Date | 21 July 2026 |
| Minimum Investment | Rs 14,924.00 |
| Lot Size | 26 shares |
About SBI Mutual Fund IPO
SBI Funds Management Limited, established in 1990, is India's largest asset management company (AMC) based on assets under management (AUM). A premier corporate joint venture between the State Bank of India (SBI) and Amundi Asset Management (Europe's largest asset manager), the company manages the iconic SBI Mutual Fund alongside expansive Portfolio Management Services (PMS), alternative investment funds (AIFs), and institutional advisory frameworks. As of late 2025, the company commands a dominant mutual fund QAAUM market share of 15.
Understanding Subscription Categories
QIB - Qualified Institutional Buyers
Includes foreign institutional investors, domestic financial institutions, mutual funds, and other qualified institutions. QIB demand is considered the most reliable indicator of institutional confidence in an IPO.
NII - Non-Institutional Investors
High net worth individuals applying above Rs 2 lakh. Divided into bNII (above Rs 10 lakh) and sNII (Rs 2 lakh to Rs 10 lakh). NII allotment is proportional.
Retail - Retail Individual Investors
Investors applying up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Minimum one lot per successful applicant.
SBI Mutual Fund IPO Subscription FAQs
What is SBI Mutual Fund IPO IPO subscription status today?
SBI Mutual Fund IPO IPO subscription closed on 16 July 2026 with overall subscription of 41.66x (by shares) as of 18 July 2026, 6:17 PM IST. QIB 140.11x, NII 8.02x, Retail 2.37x.
What is the overall subscription of SBI Mutual Fund IPO IPO?
SBI Mutual Fund IPO IPO is subscribed 41.66x overall by shares at close on 16 July 2026. QIB 140.11x, NII 8.02x, and Retail 2.37x.
What is SBI Mutual Fund IPO IPO QIB subscription?
SBI Mutual Fund IPO IPO QIB (Qualified Institutional Buyers) subscription is 140.11x by shares. QIB includes mutual funds, FIIs, banks, and other institutions.
What is SBI Mutual Fund IPO IPO Retail subscription?
SBI Mutual Fund IPO IPO Retail subscription is 2.37x by applications. Minimum retail bid is up to Rs 2 lakh per PAN.
What is SBI Mutual Fund IPO IPO NII subscription?
SBI Mutual Fund IPO IPO NII (Non-Institutional Investors) subscription is 8.02x by applications. NII covers bids above Rs 2 lakh.
What are allotment chances in SBI Mutual Fund IPO IPO for retail?
At 2.37x subscription by applications, approximately 1 in 2 retail applicants can expect an allotment (~42% per application). Allotment is done by lottery. Share subscription was 3.60x. Allotment uses application count, not share volume.
When is SBI Mutual Fund IPO IPO allotment date?
SBI Mutual Fund IPO IPO allotment date is 17 July 2026. Check SBI Mutual Fund IPO Allotment Status on IPOwiz from that day using your PAN.
When does SBI Mutual Fund IPO IPO subscription close?
SBI Mutual Fund IPO IPO subscription closed on 16 July 2026. No new applications are accepted after the close.
What is SBI Mutual Fund IPO IPO GMP today?
SBI Mutual Fund IPO IPO GMP is ₹93 today (+16.20% over issue price ₹574). See live GMP on the SBI Mutual Fund IPO GMP Today page.
What is SBI Mutual Fund IPO IPO issue price and lot size?
SBI Mutual Fund IPO IPO issue price is ₹574 per share. Lot size is 26 shares. Minimum investment is ₹14,924 per lot. Issue size: ₹11,692.91 Cr.
When is SBI Mutual Fund IPO IPO listing date?
SBI Mutual Fund IPO IPO listing date is 21 July 2026 on NSE and BSE. Allotment is on 17 July 2026.
How does subscription affect SBI Mutual Fund IPO IPO allotment?
Allotment odds in SBI Mutual Fund IPO IPO depend on application subscription in each category, not share volume. Retail uses lottery when oversubscribed. NII proportional allotment at 8.02x by applications means roughly 1 in 8 for minimum-lot bids; bNII at 4.99x (~1 in 5). At 41.66x overall, competition is high.
For allotment results from 17 July 2026, visit the SBI Mutual Fund IPO Allotment Status page. For listing day updates on 21 July 2026, download the IPOwiz App.
Reviewed by Dinesh Agrawal
15+ years in Indian capital markets and IPO research. Subscription data verified before publish.