SBI Funds Management IPO: Issue gets subscribed 2.77 times on Day 2; GMP signals 16% listing gains

SBI Funds Management IPO received robust demand on its second day of bidding. Non-institutional investors led the subscription, booking over six times their allocated portion. The Grey Market Premium suggests a potential listing price of approximately Rs 662 per share. This public issue, an Offer for Sale, will remain open until July 16. Investors await the basis of allotment, expected on July 17, 2026.

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