Stock Markets LIVE | Wednesday, July 15: The BSE Sensex rose 130.49 points, or 0.17 per cent, to end at 77,185.43, while the NSE Nifty 50 closed 26.45 points, or 0.11 per cent, higher at 24,074.85.
The Rs 9,813 crore IPO of India's largest asset management company saw overall subscription of 0.68 times on the opening day after raising Rs 2,663 crore from anchor investors
The anchor book witnessed participation from marquee institutional investors, including GIC, Abu Dhabi Investment Authority, BlackRock, Fidelity Management, Goldman Sachs among others
Sensex Today | Stock Market Highlights, Monday: In the broader markets, the Nifty MidCap and the Nifty SmallCap ended 0.01 per cent and 0.03 per cent higher, respectively
SBI Funds Management's IPO price band of ₹545 to ₹574 implies a price-to-earnings (P/E) multiple of 36 to 38 times FY26 earnings, based on an earnings per share (EPS) of ₹15.08
Laser Power & Infra IPO comprises a fresh issue of 25.3 million equity shares aggregating to ₹542 crore and an offer for sale (OFS) of up to 9.3 million shares worth ₹200 crore
The July 7 listings will surpass the previous highest single-day tally recorded on June 24, when 4 SME companies made their market debut after collectively raising ₹252.55 crore
Brokerages have broadly recommended subscribing to the IPO, citing the company's strong market position, healthy financials, expansion plans, and favourable industry outlook
Investors who have applied for the CSM Technologies IPO can check the share allotment status on the official BSE or NSE websites, or on the website of Kfin Technologies, the registrar for the issue