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The Economic Times
The Economic Times
Debaroti Adhikary

SBI Funds shares list below GMP expectations, but Street sees up to 23% upside

SBI Funds Management SBI SBI Funds IPO Emkay Equirus AMC Equirus Securities

SBI Funds Management shares made a decent D-Street debut on Tuesday, listing 6.85% higher than the IPO price at Rs 613.30 apiece on the NSE, with analysts advising allotted investors to hold the stock despite the listing falling short of grey market expectations.

The AMC's shares listed at Rs 610 on the BSE, a 6.27% premium to the IPO price of Rs 574, giving the company a market capitalisation of Rs 1.24 lakh crore at debut.

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