SBI Funds Management’s initial public offering moves through its subscription period with multiple reports pointing to a firm grey market premium (GMP) and ongoing investor interest. NDTV reports that the GMP holds steady ahead of the second day of subscription, indicating market expectations for the issue’s listing performance. On the final subscription day, NDTV further notes that the GMP signals potential listing gains of 16% or more, while also providing updates on key dates and subscription status. India Today likewise highlights that the GMP suggests about 16% listing gains, but frames the information around whether investors should subscribe, alongside practical IPO details and the latest GMP. Across the coverage, the common focus is the IPO’s stage in the subscription schedule, the direction and level of the GMP as reported by the grey market, and the availability of subscription and valuation-related information for prospective bidders. The reports do not present a unified official valuation or allotment outcome in the excerpts, but consistently describe the IPO as actively subscribed while market sentiment, as reflected in GMP, remains positive.