SBI Funds makes strong D-St debut, ends 6.3% above IPO price

SBI Funds Management made a strong Dalal Street debut, ending 6.3 percent above its IPO price with a market capitalisation of about 1.24 lakh crore. The joint venture between State Bank of India and Amundi raised 9,813 crore through the IPO, the largest in 2026 so far, with the issue subscribed 41.66 times. SBI Chairman CS Setty said the lender does not plan to further dilute its stake in the asset manager, which manages AUM of around 12.5 lakh crore.