New Delhi, July 21 -- SBI Funds Management IPO listing: SBI Funds Management share price made a moderate debut in the Indian stock market on Tuesday, 21 July. The stock listed at a 6.85% premium over the IPO price of Rs.574 per share.

SBI Funds Management share price opened at Rs.613.30 on NSE and Rs.610 on BSE. This means that the IPO allottees made a gain of 6.85% over the SBI Funds Management IPO listing.

The listing of SBI Funds Management IPO came below the market expectations. The GMP of SBI Funds Management IPO was Rs.95.5, ahead of the listing, signalling the estimated listing price of Rs.669.5, which is 16.64% higher than the IPO price.

The SBI Funds Management IPO was open for public subscription from July 14 to July 16, with...