Key facts
- SBI Funds Management shares debuted on the NSE at Rs 613.3 and on the BSE at Rs 610.
- The listing price was 7% higher than the IPO offer price of Rs 574.
- The IPO was oversubscribed 41.66 times, attracting bids over Rs 4 trillion.
- The offer for sale raised Rs 9,812.91 crore from State Bank of India and Amundi India Holding.
- SBI Funds Management is India's largest asset manager with a 15.3% market share.
Shares of SBI Funds Management, India's largest asset manager, began trading on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on Tuesday, July 21, 2026, at a premium to their initial public offering (IPO) price. The stock debuted on the NSE at Rs 613.3 per share and on the BSE at Rs 610 per share, marking a 7% increase over the IPO offer price of Rs 574. However, the shares closed roughly flat against their opening price by the end of the trading day. This strong listing followed a heavily oversubscribed IPO, which received bids worth over 4 trillion rupees against an offer size of 98.12 billion rupees. The book-built issue, entirely an offer for sale by existing promoters State Bank of India and Amundi India Holding, was subscribed 41.66 times. SBI Funds Management, established in 1987, manages Rs 12.51 lakh crore in mutual funds, holding a 15.3% market share as of March 31, 2026, making it India's largest asset manager by quarterly average assets under management. The Qualified Institutional Buyers (QIB) category saw an impressive 140.11 times subscription, while Non-Institutional Investors (NII) subscribed 22.51 times and Retail Individual Investors (RII) subscribed 3.60 times.