SBI Funds Management's IPO was fully subscribed on the second day of bidding on Wednesday. The IPO has received bids for 12.67 crore shares so far against the 12.45 crore shares on offer, as of 10:48 am, NSE data showed. The public issue is entirely an offer for sale of up to 17.09 crore shares worth about ₹9,800 crore.