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The Economic Times

Akash Podishetti

History test! What last 12 billion-dollar IPO listing gains indicate about SBI Funds' Rs 9,813 crore debut

SBI SBI Funds IPO SBI Funds Management ICICI Prudential AMC AMC LIC Eternal GMP Hyundai Motor India

SBI Funds Management is set for its stock market debut on Tuesday, with investors watching whether India's largest mutual fund house can deliver a strong listing after a blockbuster subscription.

Ahead of the listing, the stock is trading at a grey market premium (GMP) of around Rs 105 over the issue price. Based on the upper price band of Rs 574, this signals a potential listing price of around Rs 679 and an estimated listing gain of about 18%.

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