First Bell: SBI Funds’ investors in line for 10-15% listing pop

SBI Funds Management’s stock is anticipated to debut at a premium of ten to fifteen percent. The company’s initial public offering was subscribed over forty-one times on its final day. Analysts suggest investors can book profits or hold shares for long-term gains. The IPO price valued SBI Funds Management at over one lakh crore rupees. This listing is expected to narrow the valuation gap with its listed peers.

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