SBI Funds Management and Alpine Texworld have opened their initial public offerings to investors, marking a significant capital raise for India's primary market.
The SBI Funds Management issue is the larger of the two, aiming to raise ₹11,692.91 crore, while Alpine Texworld is seeking ₹126.25 crore.
42%, indicating strong initial demand for the state-backed asset manager's shares.
Both issues began subscription on July 14, drawing attention from retail and institutional investors tracking grey market premiums and subscription trends.
The SBI Funds Management IPO is particularly notable for its scale, representing one of the largest offerings in recent weeks.
Early signals from the grey market suggest a potential listing gain of approximately 17.42%, indicating strong initial demand for the state-backed asset manager's shares.
This premium reflects investor appetite for financial sector listings amid a broader rally in Indian equities.