Capital Markets #ipo#stock market
SBI Funds Management Listing Makes Employees Crorepatis; Stock Debuts at 7% Premium to IPO Price
SBI Funds Management shares listed at a 6.27% premium on the BSE and at Rs 613.30 on the NSE, with 13 employees holding equity stakes valued at over Rs 1 crore each at the IPO price. Deputy MD Devinder Pal Singh's vested shares alone are worth Rs 121 crore. The IPO was subscribed 42 times, driven by strong institutional demand.
Jul 21, 2026 1 source