SBI Funds Management IPO allotment likely today; GMP signals 17% listing premium. Here's how to check status

SBI Funds Management IPO is set to debut on BSE and NSE on July 21, commanding a Grey Market Premium of around Rs 97 per share, implying an estimated listing premium of nearly 17% over the upper price band of Rs 574. The IPO was subscribed 41.66 times overall, driven by strong institutional demand with the QIB portion subscribed 140.11 times, while NII and RII categories were subscribed 22.51 times and 3.60 times respectively. The entire issue was an Offer for Sale of 17.10 crore shares by State Bank of India and Amundi at a price band of Rs 545-574, with post-listing promoter stake expected to decline to 89.8%.