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The Economic Times

Business

Ritesh Presswala

SBI Funds Management IPO set to open: GMP signals 16% listing gain; Check price band, key dates & details

SBI Funds Management SBI IPO State Bank of India

India's largest asset management company, SBI Funds Management, is set to launch its much-awaited Rs 11,692.91-crore initial public offering on July 14, with the issue remaining open for subscription until July 16.

Investor enthusiasm is already building in the grey market. The SBI Funds Management IPO GMP is currently hovering around Rs 89, indicating a 16% premium over the upper end of the price band of Rs 574. Based on the latest grey market trends, the stock is expected to list at around Rs 663 per share, if current sentiment sustains.

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