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SBI Funds Management IPO Allotment: SBI Funds Management IPO allotment status will be announced today after receiving 41x subscription. Investors can check results via NSE, BSE, or Kfin Technologies. Shares will be credited by July 20.
SBI Funds Management IPO Allotment: The Rs 9,812.91-crore SBI Funds Management IPO is set to move to the next phase after the three-day subscription window concluded in the previous session. The IPO received a strong response from investors, with bids exceeding 41 times the number of shares offered.
The allotment status for the SBI Funds Management IPO is expected to be finalised today at any time during the day. For investors who receive allotment, the shares will be credited to their demat accounts by Monday, July 20.
SBI Funds Management IPO Allotment
Investors can check the allotment status of the SBI Funds Management IPO online through the official websites of BSE and NSE. The status can also be checked on the registrar’s website, with Kfin Technologies acting as the registrar for the issue.
Check SBI Funds Management IPO Allotment Status on NSE
Step 2: Select Equity & SME IPO bid details.
Step 3: Choose SBI Funds Management from the available options.
Step 4: Enter your PAN details and application number, then click on submit to view the allotment status.
Check SBI Funds Management IPO Allotment Status on BSE
Step 1: Visit the BSE IPO allotment link
Step 2: Select equity under the issue type.
Step 3: Choose SBI Funds Management from the dropdown menu.
Step 4: Enter your application number or PAN details.
Step 5: Fill in the captcha and click on search to view the allotment status.
Step 2: Select SBI Funds Management IPO from the dropdown menu.
Step 3: Choose the PAN, application number, or DP ID option.
Step 4: Enter the required details.
Step 5: Click submit to check the SBI Funds Management IPO allotment results.
SBI Funds Management IPO Offer Price
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 GMP
According to market trackers in the unlisted share market, the IPO’s Grey Market Premium (GMP) has increased to around Rs 97 per share. At this GMP level, the expected listing premium is approximately 17 per cent, indicating a potential gain of around Rs 2,522 per lot, based on a lot size of 26 shares.
(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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