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FinanceSBI Funds Management IPO attracts over US$31 bln in bids, India's 4th most subscribed
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SBI Funds Management, India's largest asset manager, has attracted over US$31 billion in bids for its initial public offering (IPO), making it the fourth most subscribed IPO in the country's history. The IPO closed on July 16, 2026, marking a strong comeback for India's primary market after a subdued period. The company oversees funds worth 12.5 trillion rupees as of March 2026. The article, published by The Business Times on July 17, 2026, highlights the significant investor interest in the offering.
Source report
India’s largest asset manager, SBI Funds Management, has drawn bids exceeding US$31 billion in what has become the country’s fourth most-subscribed initial public offering (IPO).
The IPO, which closed on July 16, signals a strong resurgence for India’s primary market after a subdued period.
As of March 2026, SBI Funds Management oversees funds worth 12.5 trillion rupees.
Source: The Business Times
Source
The Business TimesRegional
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SBI Funds Management IPO Attracts $31 Billion, Becomes India's 4th Most Subscribed