SBI Funds Management rises 8% on debut in India's largest IPO this year

Published Jul 22, 07:10 PM UTC

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Shares of SBI Funds Management climbed in their first day of trading on the BSE in Mumbai, rising as much as 8.9% to 625 rupees before settling around 8% higher. The firm's billion-dollar initial public offering is India's largest so far in 2026. The strong debut gave India's largest asset-management company a market valuation exceeding $13 billion. The performance could provide a much-needed boost to India's relatively subdued IPO market.

Source report

By Megan Cheah

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SBI Funds Management’s solid trading debut could provide a much-needed lift to India’s relatively subdued IPO market. Francis Mascarenhas/Reuters

Shares of SBI Funds Management climbed in their first day of trading in Mumbai following the firm’s billion-dollar initial public offering, India’s largest so far this year.

The stock rose as much as 8.9% to 625 rupees early Tuesday before paring the gain to about 8% on the BSE around noon. That gave India’s largest asset-management company a market valuation of more than $13 billion.

Source

Yahoo FinanceWestern

Original headline: SBI Funds Management Shares Rise After India’s Largest IPO So Far This Year

Original language: EN-US

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India's Largest Asset Manager SBI Funds Management Launches $1.2 Billion IPO

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