SBI FUNDS MANAGEMENT IPO: OFFER PRICE FIXED AT RS 574; SBI EMPLOYEES TO GET RS 54/SHARE DISCOUNT
SBI Funds Management IPO: The offer price for the SBI Funds Management IPO has been fixed at Rs 574 per share. State Bank of India (SBI) has announced a discount of Rs 54 per share for eligible SBI employees participating in the IPO. Earlier, the IPO price band was set between Rs 545 and Rs 574 per share.
SBI Funds Management IPO Subscription Status
The three-day subscription window for the SBI Funds Management IPO closed with the issue receiving an overall subscription of 41.66 times on the final day of bidding.The strong demand was primarily driven by Qualified Institutional Buyers (QIBs), whose portion was subscribed 140.11 times. The category-wise subscription details at the close of bidding were:
| Category | Subscription |
| Qualified Institutional Buyers (QIBs) | 140.11x |
| Non-Institutional Investors (NIIs) | 22.50x |
| Retail Investors | 3.57x |
| Shareholders | 9.49x |
| Employees | 4.64x |
| Overall Subscription | 41.66x |
SBI Funds Management IPO Anchor Investor
Before opening for public subscription, SBI Funds Management raised Rs 2,663 crore from anchor investors.The anchor book witnessed participation from several leading global and domestic investors, including:
- GIC
- Abu Dhabi Investment Authority
- BlackRock
- Goldman Sachs Asset Management
- Norges Bank Investment Management
- Life Insurance Corporation of India
- HDFC Mutual Fund
- ICICI Prudential Mutual Fund
- Nippon India Mutual Fund
- HDFC Life Insurance Company
SBI Funds Management IPO Allotment Status
Following the completion of the subscription process, the IPO moved into the allotment phase on July 17.Investors can check their SBI Funds Management IPO allotment status through:
- Official websites of BSE and NSE
- The registrar’s website, as KFin Technologies has been appointed as the registrar for the issue.
SBI Funds Management IPO GMP
According to market trackers of the unlisted share market, the IPO’s Grey Market Premium (GMP) increased to around Rs 97 per share.At this GMP level, the expected listing premium stands at approximately 17 per cent, indicating a potential gain of around Rs 2,522 per lot (based on a lot size of 26 shares).
SBI Funds Management IPO Listing Date
The SBI Funds Management IPO is scheduled to list on Tuesday, July 21, on the leading stock exchanges, BSE and NSE.SBI Funds Management IPO Details
The public issue is completely an Offer-for-Sale (OFS), involving the sale of up to 17.09 crore equity shares by existing shareholders, State Bank of India (SBI) and Amundi.The IPO size was initially planned at Rs 11,693 crore but was later reduced after the company completed a pre-IPO placement of approximately Rs 1,880 crore.
(Disclaimer: The above article is meant for informational purposes only and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
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2026-07-17T03:54:06Z
