SBI Funds Management shares were trading at ₹584.25 per share on the NSE on Monday, August 3, representing a 0.78% decline and trading in negative territory ahead of the company's first quarter earnings announcement for FY27. According to The Economic Times, this marks the first time the company will announce earnings after listing on stock exchanges on July 22. The stock has a market capitalisation of ₹1.19 lakh crore and has been trading below its IPO price since the debut.
The stock made its market debut on July 22 at a premium of 6.85% over the IPO price on NSE, after the issue was subscribed 41.66 times during the July 14-16 period. As reported by The Economic Times, the stock was listed at ₹613.30 per share on the NSE, reflecting strong investor response. The ₹9,812.91-crore IPO was priced in the range of ₹545-574 per equity share and was solely an offer for sale (OFS) component of 17.09 crore shares by promoters State Bank of India (SBI) and Amundi India Holding.
According to Amundi's latest results, the French asset manager sold 3.7% of its stake in SBI Funds Management during the IPO, generating a capital gain of circa €300 million that will be recorded in Q3 results. Following the IPO, Amundi's remaining 32.6% stake is valued at €3.5 billion. The company reported strong performance across its active management segment, with net inflows reaching €9 billion, particularly in fixed income products.
According to The Economic Times reports, SBI Funds Management, established in 1987, is India's largest asset management company by quarterly average assets under management (QAAUM). As of March 31, 2026, the company managed mutual fund assets of ₹12.51 lakh crore, holding a market share of 15.3% in the sector. The company's flagship funds, including Global Aggregate and Emerging Markets Bond, are positioned in the top decile of their respective categories over one year.
