SBI Funds Management Shares Slip Below IPO Price A Week After Listing; Stock Down Nearly 8% From Debut

SBI Funds Management share price: Shares of SBI Funds Management slipped below their initial public offering (IPO) price on Thursday, extending losses just over a week after the stock made its market debut.

At 12:45 pm, the stock was trading 1.44% lower at ₹566.50 apiece on the National Stock Exchange (NSE), below its IPO issue price of ₹574. The company had a market capitalisation of ₹1.17 lakh crore at the time of writing.

The stock had briefly slipped below its issue price in the previous session before recovering to close at ₹576.05. Since July 22, SBI Funds Management shares have ended lower in six of the last seven trading sessions. At the current market price, the stock is trading about 1.3% below its IPO price and nearly 8% below its listing price of ₹613.30.

SBI Funds Management IPO Details

SBI Funds Management was listed on the stock exchanges on July 21 at ₹613.30 per share, a premium of nearly 7% over its IPO price of ₹574.

The company's ₹9,812.91-crore initial public offering, which was open for subscription from July 14 to July 16, received a strong response from investors. The issue was subscribed 41.66 times across all investor categories.

The IPO was priced in the range of ₹545 to ₹574 per equity share.

About SBI Funds Management

Established in 1987, SBI Funds Management 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 worth ₹12.51 lakh crore, giving it a 15.3% share of the industry's QAAUM. The company offers a wide range of mutual fund schemes across equity, debt, hybrid and passive categories to retail and institutional investors.

Based on the current market price, the stock is trading at a price-to-earnings (P/E) multiple of 38.26, compared with the industry average P/E of 19.37.

While the stock had a strong debut, it has given up most of its listing gains over the past week. Investors are now likely to track the company's growth in assets under management, inflows and earnings as it begins trading as a listed entity.

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