SBI Mutual Fund IPO, a ₹9,812.91 crore book-built issue, closed for subscription on July 16, 2026 after receiving a strong response across investor categories. The IPO allotment is expected to be finalised on July 17, 2026, while the shares are likely to be listed on the BSE and NSE on July 21, 2026.
SBI Mutual Fund IPO was a book-built issue worth ₹9,812.91 crore, comprising an Offer for Sale (OFS) of 17.10 crore equity shares. The IPO was available for subscription from July 14 to July 16, 2026, at a price band of ₹545-₹574 per share. The minimum application size for retail investors was 26 shares.
The IPO is expected to be allotted on July 17, 2026, while the shares are likely to be credited to investors' respective demat account on July 20, 2026. The tentative listing date on the BSE and NSE is July 21, 2026.
The table below breaks down the SBI Mutual Fund IPO share allocation for different categories, highlighting the number of shares and their percentage of the total issue. However, the key focus remains on the quotas allocated to retail investors, as they are the most relevant for individual investors.
| Investor Category | Shares Offered |
| Qualified Institutional Buyers (QIB) | 7,73,21,826 |
| Non-Institutional Investors (NII) | 2,31,96,549 |
| Retail Individual Investors (RII) | 5,41,25,280 |
| Employee Reservation | 32,57,347 |
| Total | 17,09,56,631 |
| Investor Category | Subscription (x) |
| QIB (Ex Anchor) | 140.11x |
| Non-Institutional Investors (NII) | 22.51x |
| ├─ bNII (Above ₹10 lakh) | 26.01x |
| └─ sNII (Below ₹10 lakh) | 15.51x |
| Retail Individual Investors (RII) | 3.76x |
| Employee | 4.65x |
| Shareholders | 9.52x |
| Overall | 41.73x |
Note: The subscription details are as of July 16, 2026
SBI Mutual Fund is one of India's largest asset management companies and a joint venture between the State Bank of India (SBI) and Amundi Asset Management. The fund house offers a wide range of investment products across equity, debt, hybrid, passive, exchange-traded funds (ETFs), and solution-oriented schemes.
With a strong distribution network spanning banks, financial intermediaries, and digital channels, SBI Mutual Fund serves millions of investors across the country. The company has consistently expanded its product portfolio while maintaining a significant presence in the Indian mutual fund industry.
The IPO is entirely an Offer for Sale, meaning the proceeds from the issue will go to the selling shareholders and not to the company.
Know more about IPO allotment status and check your application details online for the latest updates on share allocation.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Jul 17, 2026, 5:25 PM IST
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