Mumbai, July 21 -- Shares of SBI Funds Management made their stock market debut on NSE and BSE on Tuesday listing nearly at 7 per cent premium over the IPO price following the close of its Rs 11,692 crore IPO. SBI Chairman Challa Sreenivasulu Setty called the IPO largest issue so far in 2026.

The stock listed at Rs 613.30 on the NSE -- a premium of Rs 39.30, or 6.85 per cent -- over the issue price of Rs 574 per share. On the BSE, the stock debuted at Rs 610, up Rs 36, or 6.27 per cent. Following its listing, the company's total market cap stood at Rs 1,25,397.29 crore, as per BSE.

Addressing the listing ceremony, SBI Chairman Challa Sreenivasulu Setty said the event marked more than just the stock market debut of a successful enterpris...