GMP remains around ₹92 on the last day of SBI Funds Management IPO. Know the possible listing price, how much can be earned, allotment and all the important information related to listing.
SBI Funds Management IPO GMP: If you have invested money in SBI Funds Management IPO or are thinking of applying today on the last day, then there is good news for you. This IPO is getting good response from investors. At the same time, GMP (Grey Market Premium) also remains strong, due to which good returns are expected on the day of listing. However, it is important to note that GMP is only an estimate and not a guarantee. Let us know how much can be earned…
SBI IPO: Tremendous excitement even on the last day
SBI Funds Management’s IPO of around ₹9,813 crore seemed to be progressing at a fast pace even on the last day. By morning this issue had been subscribed more than 3.3 times. Most interest was shown by NII (Non-Institutional Investors), while good participation was also seen from retail investors.
What is SBI Funds Management IPO GMP saying?
According to GMP running in the market, the premium of this IPO is around ₹ 92 per share. If this trend continues till listing and the share is allotted at the upper price band of ₹574, then its possible listing could be around ₹662 per share. That is, based on the current GMP, investors are expected to get listing gains of up to 16%. Keep in mind that GMP is an unofficial indicator of the market. The actual price of the share on the day of listing is decided by the market condition and investor demand.
How much can you earn by investing ₹1 lakh in SBI Funds Management IPO?
If the listing happens to be around GMP’s estimate, investors could get a head start. For example, if the difference is around ₹ 92 per share, the potential return is around 16%. However, the final earnings will depend on how many shares are allotted to you and at what price the listing takes place.
What is the price band of IPO?
The company has fixed the price band of this IPO at ₹545 to ₹574 per share. This entire issue is OFS (Offer for Sale). That means the amount raised from this issue will not go to the company, but will go to the shareholders who sold their shares.
What is the opinion of experts?
Many brokerage houses have taken a positive view on this IPO. He believes that the company’s strong market position, good profits and valuations make it attractive for investors. However, before investing in any IPO, keep your risk and investment goals in mind.
Important dates of SBI Funds Management IPO
17th July: Allotment likely to be final
21 July: Possible listing on NSE and BSE
What does SBI Funds Management do?
SBI Funds Management is the investment management company of SBI Mutual Fund. It was started in 1992. By the year 2025, the company had assets under management (AUM) of about ₹16.32 lakh crore and its share in the mutual fund industry was about 15.5%.
Disclaimer: This article has been written for general information purposes only. The information related to GMP (Grey Market Premium) given herein is based on informal market signals and is in no way a guarantee of listing price or profits. Investing in the stock market and IPOs is subject to risks. Before taking any investment decision, please consult your financial advisor.