SBI Mutual Fund IPO Subscription
ListedUpdated 21 July 2026, 9:15 AM IST· Mainboard
SBI Mutual Fund IPO subscription closed on 16 July 2026 at 41.66x overall by shares. QIB demand came in at 140.11x, NII at 22.51x, and retail at 3.60x. See Retail, SHNI, and BHNI allotment chances in the table below.
Allotment date is 17 July 2026. Listing date on NSE and BSE is 21 July 2026.
SBI Mutual Fund IPO Day-wise Subscription
Daily QIB, NII, Retail, and overall subscription as bids come in
| 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 Allotment Chances
Retail, SHNI, and BHNI chances based on application subscription
SBI Mutual Fund IPO allotment chances for Retail, SHNI, and BHNI. All three use lottery when the category is oversubscribed.
| Category | Subscription (Apps) | Allotment Chances |
|---|---|---|
| Retail | 2.37x | 1 in 2 |
| SHNI (Rs 2L to Rs 10L) | 14.08x | 1 in 14 |
| BHNI (above Rs 10L) | 4.99x | 1 in 5 |
Chances use application subscription (how many bids came in), not share or amount figures. If you get allotment, you get at least one lot. Higher subscription means lower chance per PAN.
Check the SBI Mutual Fund IPO Allotment Status page from 17 July 2026 for your result.
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?
41.66x overall by shares means bids covered about 42 times the shares on offer. Allotment chances depend on applications in each category.
QIB at 140.11x by shares shows institutional demand from mutual funds, FIIs, and banks.
NII covers bids above Rs 2 lakh (8.02x by applications). Split: SHNI 14.08x, BHNI 4.99x by applications. SHNI and BHNI allotment is by lottery.
At 2.37x subscription by applications, about 1 in 2 retail applicants may get allotment (~42% chance per application). Retail allotment is also by lottery.
SBI Mutual Fund IPO GMP After Subscription
GMP for SBI Mutual Fund IPO stands at Rs 94.00 today, giving an estimated listing price of Rs 668.00 per share.
The GMP has moved lower from Rs 140.00 on 6 Jul 2026 to Rs 65.00 on 21 Jul 2026.
A subscription of 41.66x combined with a GMP of 16.38% 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 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 (SHNI & BHNI)
Investors bidding above Rs 2 lakh. Split into SHNI (Rs 2 lakh to Rs 10 lakh) and BHNI (above Rs 10 lakh). Both use lottery allotment when oversubscribed.
Retail - Retail Individual Investors
Investors bidding up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Winners get at least one lot.
SBI Mutual Fund IPO IPO Pages
Open related pages for this IPO: details, GMP, subscription, allotment, review, FAQ, registrar, timeline, and news.
SBI Mutual Fund IPO Details
Issue size, price, financials, and company info
SBI Mutual Fund IPO GMP
Live grey market premium and listing estimate
SBI Mutual Fund IPO Subscription
QIB, NII, Retail, SHNI and BHNI subscription
SBI Mutual Fund IPO Allotment
Allotment date, chances, and check by PAN
SBI Mutual Fund IPO Review
SWOT, strengths, risks, and IPO review
SBI Mutual Fund IPO FAQ
Common questions on dates, GMP, and allotment
SBI Mutual Fund IPO Registrar
Registrar website and how to check allotment
SBI Mutual Fund IPO Timeline
Open, close, allotment, and listing dates
SBI Mutual Fund IPO News
Updates, blogs, and latest IPO news
SBI Mutual Fund IPO Subscription FAQs
What is SBI Mutual Fund IPO subscription status today?
SBI Mutual Fund IPO subscription closed on 16 July 2026 with overall subscription of 41.66x (by shares) as of 15 August 2026, 7:32 AM IST. QIB 140.11x, NII 8.02x, Retail 2.37x.
What is the overall subscription of SBI Mutual Fund IPO?
SBI Mutual Fund 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 QIB subscription?
SBI Mutual Fund 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 Retail subscription?
SBI Mutual Fund IPO Retail subscription is 2.37x by applications. Retail bids are up to Rs 2 lakh per PAN.
What is SBI Mutual Fund IPO NII, SHNI, and BHNI subscription?
SBI Mutual Fund IPO NII subscription is 8.02x by applications. NII is bids above Rs 2 lakh, split into SHNI (Rs 2L to Rs 10L) at 14.08x and BHNI (above Rs 10L) at 4.99x.
What are SBI Mutual Fund IPO retail allotment chances?
At 2.37x subscription by applications, about 1 in 2 retail applicants may get allotment (~42% chance per application). Allotment is by lottery. Share subscription was 3.60x. Allotment chances use applications, not share volume.
What are SBI Mutual Fund IPO SHNI allotment chances?
At 14.08x subscription by applications, about 1 in 14 SHNI applicants may get allotment (~7% chance per application). Allotment is by lottery. Share subscription was 15.51x. Allotment chances use applications, not share volume.
What are SBI Mutual Fund IPO BHNI allotment chances?
At 4.99x subscription by applications, about 1 in 5 BHNI applicants may get allotment (~20% chance per application). Allotment is by lottery. Share subscription was 26.01x. Allotment chances use applications, not share volume.
When is SBI Mutual Fund IPO allotment date?
SBI Mutual Fund 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 subscription close?
SBI Mutual Fund IPO subscription closed on 16 July 2026. No new applications are accepted after the close.
What is SBI Mutual Fund IPO GMP today?
SBI Mutual Fund IPO GMP is ₹94 today (+16.38% over issue price ₹574). See live GMP on the SBI Mutual Fund IPO GMP Today page.
What is SBI Mutual Fund IPO issue price and lot size?
SBI Mutual Fund 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 listing date?
SBI Mutual Fund 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 allotment?
In SBI Mutual Fund IPO, Retail, SHNI, and BHNI allotment is by lottery when oversubscribed. Chances follow application subscription in each category, not share volume. 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.
Sources
We match SBI Mutual Fund IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.
- SEBIRules for IPO allotment and disclosures in India
- NSEExchange notices, bidding data, and listing updates
- BSEExchange notices and IPO allotment check tools
- RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
- IPO RegistrarRegistrar details are on the allotment page for this IPO
Also read our Editorial Policy, How GMP is calculated, and How allotment chances work.
Reviewed by
Dinesh Agrawal · Lead IPO Analyst
15+ years in Indian markets and IPO research. He reviews subscription data before it goes live.