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The Economic Times
The Economic Times
Ritesh Presswala

SBI Funds Management IPO: Issue subscribed 2.77 times on Day 2; GMP signals 16% listing gains

SBI Funds Management SBI IPO Anand Rathi Nirmal Bang Amundi SBI Mutual Fund AMC State Bank of India

The Rs 9,813 crore SBI Funds Management IPO witnessed robust demand on the second day of bidding on Wednesday, getting 2.77 times the total subscription, led by non-institutional investors (NIIs), whose quota was booked over 6 times.

The Grey Market Premium (GMP) hovered around 15–16%, suggesting a potential listing price of nearly Rs 662 per share, if current trends hold.

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