• Sees Broad Investor Response, Led by QIB Demand at 140.11 times
  • The issue generated a demand of close to 2.97 lakh crore at the Upper Price Band of (Rs 574 per share)

Mumbai: The Initial Public Offering (IPO) of SBI Funds Management Limited witnessed strong investor interest, with the issue being subscribed 41.66 times on the final day of bidding.

The IPO received bids for 5,18,95,41,032 equity shares against the offered 12,45,63,536 equity shares, at a price band of ₹545 to ₹574 per share, according to data available on the stock exchanges.

The Qualified Institutional Buyers (QIB) portion led the demand and was subscribed 140.11 times, while the Non-Institutional Investors (NII) and Retail Individual Investors (RII) portions were subscribed 22.51 times and 3.60 times, respectively. The Employee Reserved category saw a subscription of 4.65 times, and the Reservation Portion for Shareholders was subscribed 9.52 times.