SBI Funds Management IPO Opens Today; GMP Slips to ₹92, Signals 15% Listing Premium

Loading… SBI Funds Management’s IPO opened today with a grey market premium slipping to ₹92, hinting at a 15% listing premium for investors. The initial public offering marks a significant entry in India’s mutual fund landscape, drawing attention from retail and institutional investors alike. IPO Launch and Market Reaction The IPO opened with strong demand … Read more

SBI Funds Management IPO subscribed 68% on Day 1; NIIs lead, should you apply?

Your browser does not support the video tag. Loading… SBI Funds Management IPO got 68% subscription on Day 1 today. Non-institutional investors (NIIs) led the rush, says the latest Moneycontrol IPO report. Day 1 Subscription Breakdown The issue opened for public bidding earlier today. It closed Day 1 at 68% overall subscription. NIIs booked 1.06 … Read more

Stocks to Watch Today: HCL Tech, Biocon, Timken India, EMS, Alembic Pharma, PDS, ICICI Prudential AMC,…

Your browser does not support the video tag. Loading… Indian stocks are in focus today (July 14) after fresh company news. HCL Tech, Biocon, Timken India and others made big moves. You should watch these names in today’s trade. IT and Pharma Stocks in Action HCL Tech posted strong Q1 profit growth this morning. The … Read more

The SBI Funds Management IPO

Loading… SBI Funds Management (SBFM) has opened its IPO today, raising fresh money for its growing fund‑management business. IPO Size and Pricing The company offers 500 crore rupees of equity. It issues 12,500,000 shares at ₹40 each. Shares were priced in a 30‑40 rupee range. The final price settled at ₹39.94 per share. Investors can … Read more