SBI Funds Management IPO Allotment LIVE: Will the stock see massive listing pop on July 21? GMP at 16% – What’s next

Retail investors could apply for the IPO by bidding for a minimum of 26 shares, requiring an investment of Rs 14,924. The company fixed the final issue price at Rs 574 per share.

For non-institutional investors, the minimum investment was significantly higher. Small NIIs (sNIIs) had to apply for at least 364 shares, translating to an investment of Rs 2,08,936, while Big NIIs (bNIIs) were required to bid for a minimum of 1,768 shares, amounting to Rs 10,14,832.

The IPO also included a separate reservation for employees. A total of 32.57 lakh shares were earmarked for eligible employees, who were offered the shares at a Rs 54 discount to the final issue price.

Also read: Why SBI’s 23,000 branches are the real growth engine for SBI Funds Management

Once the allotment process is completed, successful applicants will have the shares credited to their Demat accounts before the listing date.

Investors who do not receive an allotment will have the blocked amount in their bank account released through the Application Supported by Blocked Amount (ASBA) process.

After the shares are credited, investors can hold them as an investment or choose to sell them when the stock lists on the NSE and BSE on the scheduled listing date.

Also read: SBI Fund’s Rs 11,693-crore IPO: How much will SBI, Amundi earn? Here’s who gets the biggest cheque

If you have been allotted shares but they are not yet visible in your Demat account, don’t panic.

First, check whether the allotment has been finalised and verify your allotment status on the websites of BSE, NSE, or KFin Technologies.

If the shares still do not appear even after the scheduled credit date, contact KFin Technologies, the registrar to the issue, or get in touch with your Depository Participant (DP) or broker.

Keep your application number, PAN, and Demat account details handy, as these will be required to help resolve the issue.

Also read: Why big money just snapped up Rs 1,880 cr of SBI Funds IPO? Premji Fund, Prashant Jain pick pre-IPO stakes

The bidding for the SBI Funds Management IPO has now closed, with the issue attracting strong demand across investor categories. By the end of Day 3, the public issue was subscribed 41.73 times overall.

Here’s how each segment participated –

– Overall subscription: 41.73 times

– Qualified Institutional Buyers (QIBs): 140.11 times

– Non-Institutional Investors (NIIs): 22.51 times

– Retail Investors: 3.76 times

Also read: SBI Funds Management IPO: Can SBI shareholders double their allotment chances? Here’s the rule that matters

– Visit the official KFin Technologies IPO allotment page.

– Select ‘SBI Funds Management’ from the list of active IPOs.

– Enter any one of the following details: PAN, Application Number, DP ID/Client ID, or Bank Account Number.

– Fill in the required information and click ‘Search’ to view your allotment status.

Also read: SBI Funds Management IPO: Can the shareholder quota improve your allotment chances? The best way to check your status

– Open the NSE IPO application tracking portal.

– Click on ‘Equity & SME IPO Bid Details’.

– Select ‘SBI Funds Management’ from the dropdown menu.

– Enter your PAN and application number.

– Click ‘Submit’ to check whether shares have been allotted.

Also read: SBI Funds Management IPO subscribed 41.66x at close; GMP signals 17% listing day pop

– Visit the BSE IPO allotment portal.

– Select ‘Equity’ as the issue type.

– Choose ‘SBI Funds Management’ from the list of IPOs.

– Enter your PAN or application number.

– Complete the captcha verification and click ‘Search’ to view your allotment status.

Also read: SBI Funds IPO attracts bids worth Rs 3 lakh crore

Once the allotment is finalised, investors can check their application status through three official platforms.

The first option is the BSE website, where applicants can select the issue name, enter their PAN or application number and view the allotment after completing the verification process.

Investors can also check the status on the NSE IPO application tracking portal by entering their application details and PAN.

The third option is the registrar, KFin Technologies, where applicants can search using their PAN, application number, Demat account details or bank account number.

After the allotment is completed, successful applicants will receive shares in their Demat accounts, while refunds or the release of blocked funds will be processed for those who do not receive an allotment.

Also read: Caliber Mining IPO: Over 70% subscribed within first 3 hours; retail booking reaches 90%