Shares of SBI Funds Management on Tuesday made a decent debut on the bourses and listed with a premium of nearly 7 per cent against the issue price of Rs 574. The stock started trading at Rs 610, up 6.27 per cent from the issue price on the BSE. At the National Stock Exchange (NSE), the stock listed at Rs 613.30, a premium of 6.84 per cent. The company’s market valuation stood at Rs 1,25,845.39 crore. However, the companyโs market debut was below expectations in the grey market, which had anticipated a premium listing of around 16 per cent.ย
Shares gain post listing
The stock saw buying interest from investors and surged to hit the intraday high of Rs 625, representing a gain of 8.8 per cent from the issue price and 2.4 per cent from the listing price. Last seen, the scrip was trading at Rs 620.25, with a gain of 1.68 per cent or Rs 10.25. The market cap of the company stood at Rs 1,26,334.23 crore.
On the National Stock Exchange (NSE), the stock touched the intraday high of Rs 624.95.ย
What should investors do?
According to experts, 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.ย
“Now, price moves may be driven more by quarterly business performance than listing enthusiasm unless earnings or industry news add fresh momentum. The long-term investors may see the company more as a bet on the growth of Indiaโs mutual fund industry rather than a high-growth stock. The longer-term case for investment remains on the back of a rise in financial savings and the ongoing penetration of mutual funds across the country,” said Dr Ravi Singh, Chief Research Officer from Master CapitalServices.
The initial public offering of SBI Funds Management received 41.66 times subscription on the closing day of bidding on Thursday last week. The public issue was entirely an Offer-for-Sale (OFS) of up to 17.
09 crore equity shares by existing shareholders – State Bank of India (SBI) and Amundi.
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.
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(This article is for informational purposes only and should not be construed as investment, financial, or other advice.)