India's SBI Fund Management IPO Subscribed 41.6 Times Amid Strong Institutional Demand

SBI Fund Management’s initial public offering, India's largest this year, was subscribed 41.6 times with bids totaling $30.7 billion, driven by strong institutional interest. Retail participation remained low at 3.6 times the offer size.

By Priyanka Salve · CNBC · July 17, 2026, 03:54 UTC

Topics: India stock market institutional investors IPO SBI Fund Management

Read the full article at CNBC

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