SBI Funds Management’s shares opened on the NSE at Rs 613.30 and on the BSE at Rs 610, both pricing the stock at about a 7% premium over the IPO price of Rs 574. The issue, worth Rs 9,812.91 crore, had a price band of Rs 545 to Rs 574 per share.
The company’s market capitalisation after the first day of trading rose to Rs 1,24,246.48 crore. Though the subscription level was strong at 41.66 times, the premium earned was lower than the roughly 16% expected by grey‑market traders.
Shivani Nyati, Head of Wealth at Swastika Investmart, said the company’s long‑term prospects remain robust. She highlighted SBI Funds’ leadership in the asset‑management sector, strong brand support from SBI, a wide distribution network, and a scalable, asset‑light business model.
Nyati advised that investors who received IPO allotments should hold for the long term, while new investors could buy on dips. For short‑term traders, she suggested a stop‑loss around Rs 585–590.
The firm raised Rs 2,663 crore from anchor investors before the listing. Founded in 1987, SBI Funds Management is India's largest asset‑management company by quarterly average assets under management, with Rs 12.51 lakh crore in mutual funds and a 15.3% market share as of March 31, 2026.