SBI Funds Management IPO Day 1 Live Updates: SBI Funds Management issue set to open today. Check key details

SBI Funds Management has launched its Rs 9,813-crore IPO for public subscription from July 14 to July 16, priced at Rs 545-574 per share. The issue is entirely an Offer for Sale of 20.37 crore equity shares by selling shareholders SBI and Amundi India Holding, with proceeds going entirely to the sellers. The IPO is commanding a grey market premium of around Rs 89, indicating an expected listing gain of nearly 16 percent over the upper price band.