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SBI Funds Management Rises Nearly 9% in India’s Biggest IPO of 2026

By Bernard Lee on July 21, 2026 3:19 pm |

Asia Market, Asia News and Development & Sustainability

Mumbai, 21 July 2026 – SBI Funds Management made a strong stock-market debut, with its shares climbing nearly 9% above the initial public offering price as investors backed the long-term growth of India’s expanding asset-management industry.

The company’s shares opened at ₹613.30 on the National Stock Exchange, representing a 6.85% premium over the IPO price of ₹574. They opened at ₹610 on the Bombay Stock Exchange before extending gains during the trading session.

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Author

  • Bernard is a social activist dedicated to championing community empowerment, equality, and social justice. With a strong voice on issues affecting grassroots communities, he brings insightful perspectives shaped by on-the-ground advocacy and public engagement. As a columnist for The Ledger Asia, Bernard writes thought-provoking pieces that challenge norms, highlight untold stories, and inspire conversations aimed at building a more inclusive and equitable society.

Published in Asia Market, Asia News and Development & Sustainability

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