sbi funds management

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.