Investors who applied for the SBI Funds Management IPO won’t have to wait much longer.
The allotment of the company’s ₹9,812.91 crore IPO is expected to be finalized today, July 17.
If you applied for the IPO, you can easily check whether you have received shares through the registrar’s website or the websites of the BSE and NSE.
Where Can You Check the IPO Allotment?
Investors can check the allotment status through these three platforms:
KFin Technologies (the IPO registrar)
BSE website
NSE website
The company’s shares are scheduled to be listed on the BSE and NSE on July 21.
IPO Attracts Strong Demand
The SBI Funds Management IPO received an overwhelming response from investors.
The public issue remained open for subscription from July 14 to July 16 and was subscribed 41.66 times overall.
Here’s how different investor categories responded:
Qualified Institutional Buyers (QIBs): 140.11 times
Non-Institutional Investors (NIIs): 22.51 times
Retail Investors: 3.6 times
This is also the largest IPO of the year, with an issue size of nearly ₹10,000 crore.
Grey Market Premium (GMP) Remains Strong
The IPO is also seeing positive sentiment in the grey market.
The Grey Market Premium (GMP) is currently around ₹97 per share, indicating an expected listing gain of about 17% over the upper price band of ₹574.
Market observers note that the GMP has improved compared to previous days.
IPO Price Band and Offer Details
The company fixed the IPO price band at ₹545 to ₹574 per share.
The issue was entirely an Offer for Sale (OFS) of 17.10 crore shares by existing shareholders State Bank of India (SBI) and Amundi.
Since it was an OFS, SBI Funds Management will not receive any funds from the IPO.
After listing, the combined stake of the promoter group is expected to fall from 98.2% to 89.8%, while public shareholding will increase to 10.2%, which could improve liquidity and trading activity in the stock.
How to Check SBI Funds Management IPO Allotment Status
Check Through KFin Technologies
Visit the KFin Technologies IPO allotment page.
Select SBI Funds Management from the drop-down list.
Enter your PAN, Application Number, or DP/Client ID.
Submit the details to view your allotment status.
Check Through the NSE Website
Open the IPO allotment page on the NSE website.
Select Equity.
Choose SBI Funds Management from the list.
Enter your Application Number or PAN.
Submit the details to see whether shares have been allotted.
Check Through the BSE Website
Visit the IPO allotment page on the BSE website.
Select Equity under the issue type.
Choose SBI Funds Management from the drop-down menu.
Enter your Application Number or PAN.
Click submit to view your allotment status.
Investors who receive an allotment can now look forward to the company’s stock market debut on July 21.
Those who do not receive shares should receive the refund process as per the IPO schedule.
