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SBI Funds Management IPO allotment expected on July 17
The shares are scheduled to list on BSE and NSE on July 21, with demat credits to successful bidders planned for July 20 and refunds for unsuccessful bidders also on July 20.
SBI Funds Management Ltd has completed its mainboard IPO, and allotment is expected to be finalized on July 17, 2026, LiveMint Markets reported. The IPO opened for subscription on July 14 and closed on July 16, with shares expected to start trading on July 21 on both BSE and NSE.
After the basis of allotment is finalized, equity shares will be credited to the demat accounts of eligible allotment holders on July 20, and refunds to unsuccessful bidders are also slated for July 20, according to the report. Investors can check SBI Funds Management IPO allotment status online via the BSE and NSE websites and through the IPO registrar portal, with Kfin Technologies named as the registrar.
The report said grey market indicators remain strong, citing an estimated grey market premium of ₹ 97 per share. That figure implies a potential listing price of ₹ 671 per share, a premium of 16.9% over the IPO issue price of ₹ 574 per share, based on grey market tracking sites.
The IPO price band was set at ₹ 545 to ₹ 574 per share, and the company raised ₹ 9,812.91 crore through the book-building issue. The offering was entirely an offer for sale of 17.10 crore equity shares by promoters State Bank of India and Amundi India Holding, the outlet added.