SBI Funds shares were listed on the exchanges at a decent premium of 7 percent over its initial public offering (IPO) price on Tuesday, following a 41.66 times subscription to the issue between July 14 - 16 in the primary market.
Shares of SBI Funds Management were listed at Rs 613.30 per share on the NSE, a premium of 6.85 percent. The Rs 9,812.91-crore issue had a price band of 545-574 per equity share.
On the BSE, the shares of the company were listed at Rs 610 per share, a premiuim of 6.27 percent. The company's market capitalisation post listing of shares stood at Rs 1,24,246.48-crore.
SBI Funds market debut was below the expectations in the grey market, which had anticipated a premium listing of around 16 percent.
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Shivani Nyati, Head of Wealth at Swastika Investmart, said that despite a moderate listing, the long-term investment story remains strong due to the company's leadership in the asset management industry, strong brand backed by SBI, large distribution network, scalable asset-light business model, and relatively comfortable valuation compared to peers.
"Investors who received the IPO allotment can continue to hold the stock from a long-term perspective, while fresh investors may consider accumulating on dips. For short-term traders, a stop-loss around Rs 585–590 can be maintained, Overall, the outlook remains positive, and the stock is suitable for long-term investors looking to benefit from the growing mutual fund industry in India," she added.
Earlier, it raised Rs 2,663 crore from anchor investors.
Set up in 1987, SBI Funds Management is India's largest asset management company by quarterly average assets under management (QAAUM), with Rs 12.51 lakh crore in mutual funds and a 15.3 per cent market share as of March 31, 2026.