SBI Funds Management IPO: How SBI shareholders can improve chances of allotment

The SBI Funds Management IPO reserves up to 1.3 crore shares, about 6.41% of the offer size, for eligible SBI shareholders as a separate quota from QIB, NII and RII categories. The IPO is entirely an offer for sale of 17.10 crore shares by SBI and Amundi, with no fresh issue, and was subscribed 52% on the first day. In the unlisted market, shares commanded a grey market premium of around 18% over the issue price, and post-issue promoter holding will fall to 89.8% from 98.2%.