India's SBI Funds Management ends flat after market debut

IPOListing has boosted hopes of strong IPO run after weak start to 2026SBI Funds Management's public offering of shares worth 98.12 billion rupees was heavily oversubscribed last week, receiving bids worth over 4 trillion rupees. © ReutersSOUMYAJIT SAHAJuly 21, 2026 14:50 JSTUpdated on July 21, 2026 20:50 JSTMUMBAI -- Shares of SBI Funds Management, India's largest asset manager, closed roughly flat against their opening price on its first day of trading as a listed company on Tuesday, marking a muted ending for a listing that had been expected to help revive one of the world's largest primary markets.