The IPO is scheduled to make its stock market debut on the BSE and NSE on July 21. The IPO is commanding a Grey Market Premium (GMP) of around Rs 97 per share, implying an estimated listing premium of nearly 17% over the upper issue price of Rs 574.

Brokerages recommend subscribing to the SBI Funds IPO, citing strong market leadership, robust profitability, SBI backing and long-term growth prospects.

SBI Funds Management IPO GMP Live Updates: SBI Funds Management's Rs 9,813-crore IPO opens today with an Rs 89 grey market premium, implying a 16% listing gain. The issue closes…

The SBI Funds Management IPO was subscribed 52% on day one. Eligible SBI shareholders can apply under a reserved quota, competing only with fellow shareholders, potentially…