At 42x subscription, SBI Funds IPO draws record buzz

The ₹9,813-crore SBI Funds Management IPO got a record 42 times subscription in 2026. Investors placed bids for 5.19 billion shares, showing massive demand. "The robust subscription levels bode well for the primary market," said Pranav Haldea. This issue is now the biggest and most subscribed domestic IPO of 2026.