SBI Funds Management IPO Day 2: Strong Subscription and GMP Signals
The SBI Funds Management IPO has received a strong response on the first day of bidding, with a 68% overall subscription and a strong retail participation. The company’s Grey Market Premium (GMP) is currently hovering around Rs 88 per share, indicating a potential listing gain of 16%. Investors should consider the key risks and takeaways before making a decision to subscribe to the IPO.