Investors are closely monitoring the grey market premium (GMP) for two recent IPOs as the countdown to their public listing begins. SBI Funds Management has emerged as a clear frontrunner in terms of market sentiment, boasting a robust subscription rate of 41.66 times by the close of the bidding window.
Currently, the GMP for SBI Funds Management stands at ₹91, reflecting a high level of optimism among retail and institutional participants. Analysts suggest this strong appetite could translate into a healthy opening premium when shares begin trading on the bourses.
In contrast, the debut outlook for Alpine Texworld remains relatively modest. Having been subscribed 1.40 times, the company carries a marginal GMP of ₹1, signaling a more cautious investor stance compared to its larger market peer.
These grey market figures serve as a preliminary gauge for potential listing gains. While high GMP indicates strong demand, market participants are advised to exercise caution, as these unofficial rates can fluctuate significantly leading up to the final listing date.
