SBI Funds Management is set for its stock market debut on Tuesday, with investors watching whether India's largest mutual fund house can deliver a strong listing after a blockbuster subscription.Ahead of the listing, the stock is trading at a grey market premium (GMP) of around Rs 105 over the issue price.
Based on the upper price band of Rs 574, this signals a potential listing price of around Rs 679 and an estimated listing gain of about 18%.What past billion-dollar IPOs revealA look at the largest 12 Indian IPOs shows that a big issue size alone does not guarantee a strong listing.
The listing record of billion-dollar IPOs has been mixed.
Among the large IPOs in recent years, Eternal delivered the best listing pop with a 51% gain over its issue price of Rs 76.
LG Electronics India listed at a 50% premium, while ICICI Prudential AMC gained 20% on debut.
