India's SBI Funds Management lists at 7% premium in public debut

IPOListing boosts 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 JSTMUMBAI -- Shares of India's largest asset manager SBI Funds Management listed on the National Stock Exchange on Tuesday above its offer price at 613.3 rupees (about $6) per share, kicking off an expected slate of big-name initial public offerings in one of the world's largest primary markets.