20 july 2026 : Punjab Khabarnama Bureau : The SBI Funds Management IPO is attracting strong interest ahead of its scheduled listing on July 21, with the latest grey market premium (GMP) indicating a potential listing gain of around 18%.
According to market trackers, the GMP stands at around ₹103 per share, suggesting an estimated listing price of approximately ₹677, compared with the upper IPO price band of ₹574.
IPO Received Strong Subscription Response
The ₹9,813-crore IPO was subscribed 41.66 times overall during its subscription period from July 14 to July 16. The Qualified Institutional Buyers (QIB) category saw particularly strong demand, with subscription reaching 140.11 times.
Key IPO Details
- IPO price band: ₹545–₹574 per share
- Upper issue price: ₹574
- Latest GMP: Around ₹103 per share
- Indicative listing price: Around ₹677
- Potential premium: Nearly 18%
- Listing date: July 21, 2026
- Listing exchanges: NSE and BSE
- Overall subscription: 41.66 times
GMP Is Not a Guarantee
The grey market premium is an unofficial indicator of investor sentiment and can change before the actual listing. The final listing price will depend on demand and supply in the official stock market.