Kolkata: On the first day of the bidding process, SBI Funds Management IPO attracted an overall subscription of 0.71 times – 0.67 times in the retail category, 0.08 times in QIB (Ex Anchor) and 1.40 times in the NII category.
On July 14, the first day of the bidding process, Millworks Technologies IPO was subscribed 10.74 times overall – 15.75 times in the individual investors category, 0.00 times in QIB (Ex Anchor) and 13.38 times in the NII category. SBI Funds Management is easily the most high-profile public issue in 2026. A day before the bidding process began, SBI Funds Management managed to mobilise as much as Rs 2,663 crore from anchor investors such as GIC, Abu Dhabi Investment Authority, Capital World Investors, BlackRock, Fidelity Management & Research, Goldman Sachs Asset Management and Norges Bank, Life Insurance Corporation of India (LIC), HDFC Mutual Fund (MF), ICICI Prudential MF, Nippon India MF and HDFC Life Insurance.
SBI Funds Management IPO GMP
According to investorgain, the GMP of SBI Funds Management IPO stood at Rs 88 100 in late night of July 13. Considering the upper price band of Rs 574.00, the estimated listing prices of SBI Funds Management shares will be Rs 662 and the expected listing gain will be 15.33%. However, it must be kept in mind that GMP is an unofficial indicator that can be volatile and does not guarantee any listing gain.
SBI Funds Management IPO price band, lot size
SBI Funds Management IPO intends to raise Rs 9,812.91 crore and the issue consists of only OFS shares, which are 17.10 crore in number. SBI Funds Management IPO has set an issue price band of Rs 545-574. The minimum investible lot for a retail investor is 26 shares, for which he/she has to pay an application amount of Rs 14,924 at the upper end of the upper price band. The lot size investment for sNII is 14 lots or 364 shares and for bNII category of investors, the minimum investible lot is 68 lots or 1,768 shares.
However, it must be remembered that while the link of SBI Funds Management with SBI is its biggest strength, it is also a limiting factor since more than 95% of its operating revenue comes from managing SBI Mutual Fund schemes.
Kotak Mahindra Capital is the book running lead manager and Kfin Technologies is the registrar of the issue.
Millworks Technologies IPO GMP
According to investorgain, Millworks Technologies SME IPO GMP in late night of July 14 was Rs 300. Considering the upper price band of Rs 331.00, the estimated listing price of Millworks Technologies shares will be Rs 631 and the listing gain could be 90.63%. Grey market data show that the GMP of this SME issue stood at an even high level in the past few days – Rs 390 on July 11 and Rs 395 on July 12. However, it must be kept in mind that GMP is an unofficial indicator that can be volatile and does not guarantee any listing gain.
Millworks Technologies IPO price band, lot size
Millworks Technologies IPO is designed to mop up Rs 160.34 crore. This issue consists entirely of fresh shares of 0.48 crore. Millworks Technologies IPO issue price band is Rs 315-331. The smallest lot size for an application is 400 shares. For a retail investor, the minimum investment required is Rs 2,64,800 for two lots or 800 shares based on upper price. For HNIs, the minimum investible lot is 3 lots or 1,200 shares. It will require an investment of Rs 3,97,200.
GYR Capital Advisors is the book running lead manager and Purva Sharegistry (India) is the registrar of the issue while the market maker of the company is Pace Stock Broking Services.
Key dates of the IPOs
Bid closes: July 16
Allotment: July 17
Refund: July 20
Credit of shares: July 20
Listing: July 21