Branch² Intelligence
SBI Funds' IPO price band deals a blow to grey market punters
Key takeaway
SBI Funds Management IPO price band set at ₹545-574, a 10-15% discount to grey market premium.
- Step 1SBI Funds Management sets IPO price band at ₹545-574, a discount to grey market premium.
- Step 2Grey market punters face mark-to-market losses as the IPO price is lower than their speculative bids.
- Step 3Reduced grey market speculation may lead to more rational pricing in the unlisted market for future IPOs.
Source: IN:Economic Times
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