SBI Funds Management Achieves Successful Listing on BSE and NSE, Subscribed 41.66 Times
Mumbai | 21 July 2026SBI Funds Management Limited, India's leading asset management company, marked a significant milestone with the successful listing of its equity shares on the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE). The initial public offering (IPO) received an overwhelming response, being subscribed 41.66 times across all investor categories, reflecting strong confidence in SBI Funds' business model, investment capabilities, and long-term growth prospects.
The listing signifies a new phase for the company, which has been serving millions of investors over nearly four decades through disciplined investing. Robust participation from domestic and international institutional investors, retail investors, shareholders, and employees underscores the market's confidence in SBI Funds and India's financial growth story.
Shri Challa Sreenivasulu Setty, Chairman of State Bank of India and SBI Funds Management Limited, stated that the listing is a defining moment for the company’s journey and reflects the trust placed by millions of investors over the years. He expressed deep gratitude for the overwhelming confidence shown across all categories. As a listed entity, he emphasized that SBI Funds enters a new stage of responsibility and accountability, committing to creating long-term value guided by the highest standards of governance and transparency.
Backed by its partnership with Amundi, SBI Funds is poised to expand access to investment solutions and deepen investor participation within India's growing financial savings ecosystem.
Ms. Valérie Baudson, Chief Executive Officer of Amundi, commented on the success, calling it a remarkable achievement for the company. She noted that the event powerfully illustrates the strength and relevance of the long-standing partnership between SBI and Amundi. Over the years, both organizations have built a leading asset management platform in India by combining SBI's exceptional distribution strength with Amundi's global expertise in asset management. Ms. Baudson added that as long-term shareholders, Amundi is fully committed to contributing to the growth of SBI Funds Management Ltd.
SBI Funds Management Limited, which stands as one of the country's most trusted investment institutions and India's largest asset management company, was established through the partnership of State Bank of India and Amundi. The Company manages investments across a diverse range of equity, debt, hybrid, and passive investment solutions for millions of investors across India.
SBIN Stock Price Movement
Shares of State Bank of India slipped by 1.48% today, settling at ₹1044.4 in post-market trading. The stock saw considerable movement during the session, with over 10.51 million shares traded and an intraday low hitting ₹1042.8.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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