SBI Funds Management IPO Day 2: Issue booked 68% so far. Check GMP, key dates, issue details. Apply or avoid?
New Delhi, July 15 -- SBI Funds Management's Rs.9,795-crore IPO opened for public subscription on 14 July and will remain open until 16 July. The IPO is priced between Rs.545 and Rs.574 per equity share, with investors required to apply for a minimum of 26 shares and in multiples thereof.
Ahead of the issue opening, SBI Funds Management IPO garnered Rs.2,663 crore from anchor investors, witnessing robust participation from leading global and domestic institutional investors.
The company allotted 4,63,93,095 equity shares to 129 anchor investors at Rs.574 per share, the upper end of the price band, according to a stock exchange filing.
The anchor investor list featured prominent global names, including GIC, Abu Dhabi Investment Authorit...
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