SBI Funds prove big debuts can beat bad market days

SBI Funds Management, India's largest IPO of the year at Rs 9,813 crore, listed at a 6.3% premium despite a volatile market session, with the issue oversubscribed 42 times and attracting bids worth nearly Rs 3 trillion. A Mint analysis of 222 mainboard IPOs since 2024 showed that 71% of listings on Sensex-up days delivered gains averaging 19.86%, while 68% of IPOs debuting on Sensex-down days still posted gains averaging 14.85%. The report highlighted that subscription levels and institutional demand act as strong buffers for listing performance, regardless of broader market mood.