SBI Funds Management Ltd is expected to announce its initial public offering allotment results today, July 17, following the conclusion of its book-building process.
The asset management joint venture of State Bank of India saw robust subscription interest from investors across all categories during the three-day window that ended on Thursday, July 16.
The allotment status can be verified through the official portals of the Bombay Stock Exchange and the National Stock Exchange, as well as the IPO registrar's website.
Market participants are closely monitoring the final issue price, which will be determined based on the demand received during the subscription period.
The listing marks a significant milestone for India's largest asset manager, which is seeking to raise capital to expand its operations and strengthen its balance sheet.
The IPO opened for public subscription on Tuesday, July 14, with the price band having been announced earlier in the week.