SBI Funds Management IPO Day 3: Subscription remains strong; GMP signals 16% upside

The SBI Funds Management IPO entered its final day of bidding with strong investor interest, having been subscribed 2.77 times by Day 2, led by robust NII demand. A 16% grey market premium indicates healthy listing prospects. Brokerages Nirmal Bang and Anand Rathi have recommended subscribing, citing the AMC’s market leadership, strong distribution network, profitability…

Alpine Texworld IPO Day 3: GMP signals 5% listing pop; here’s subscription status and key details

Alpine Texworld’s IPO is in its final bidding day, drawing investor interest. The public issue was subscribed eighty percent by the second day. Retail investors showed strong participation, subscribing eighty-six percent of their quota. The company plans to use funds for capacity expansion and debt reduction. Shares are expected to list on stock exchanges on…