Shares of <a href="https://www.mid-day.com/business/business-news/article/sbi-funds-management-ipo-issue-fully-subscribed-on-second-day-23639883" target="_blank" rel="none noopener">SBI Funds Management</a> on Tuesday 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. It further jumped 8.85 per cent to Rs 624.80.
At the <a href="https://www.mid-day.com/business/business-news/article/national-stock-exchange-core-revenue-slips-ahead-of-ipo-as-trading-volumes-weaken-23638845" target="_blank" rel="none noopener">NSE</a>, 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.
The initial public offering of <a href="https://www.mid-day.com/business/business-news/article/sbi-funds-management-ipo-garners-rs-2663-crore-from-anchor-investors-23639676" target="_blank" rel="none noopener">SBI Funds Management</a> received 41.66 times subscription on the closing day of bidding on Thursday last week.
The Rs 9,812.91-crore IPO had a price band of Rs 545-574 per equity share.
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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The newly-listed stock started dealing at Rs 610, up 6.27 per cent from the issue price on the BSE and  it was listed at Rs 613.30

SBI Funds Management shares list with nearly 7 per cent premium

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The stock started trading at Rs 610, up 6.27 per cent from the issue price on the BSE. It further jumped 8.85 per cent to Rs 624.80. While on the NSE, it was listed at Rs 613.30, a premium of 6.84 per cent

SBI Funds Management shares debut with nearly 7 per cent premium; market valuation at Rs 1.25 lakh crore

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