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SBI Funds Management Lists on Mumbai Exchange, Up 6.2% on Debut with $12.89B Market Cap

2026-07-22 01:37:37

BLK-1.49%

According to Bitget, India's largest asset management company SBI Funds Management listed on the Mumbai stock exchange on July 21, closing up 6.2% on its first day at 609.75 rupees per share, valuing the company at 1.24 trillion rupees, or approximately $12.89 billion.

The IPO raised $1.03 billion, marking India's largest IPO of 2026. The offering attracted around $31 billion in subscriptions and drew anchor investments from BlackRock as well as sovereign wealth funds from Singapore, Abu Dhabi, and Norway, totaling approximately $278.5 million.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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