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 and long-term growth potential.
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and credits belong to the original authors and publishers.