Archive · 21 Jul 2026
SBI Funds Management debuts with strong brokerage support
SBI Funds Management, India's largest asset management company, recently debuted on the stock market.
Before its debut, brokerages like Emkay and Equirus started covering the company, predicting a bright future.
They believe SBI Funds has a lot of potential because of its strong brand, wide distribution network, and growing market share.
The company raised a lot of money through its IPO and is expected to grow significantly in the coming years.
Investors are optimistic about its future performance.
SBI Funds Management debuted on the stock market on July 21.
Brokerages predict up to 30% upside potential due to strong networks and market leadership.
The company raised Rs 9,813 crore through its IPO, which was subscribed 41.66 times.
SBI Funds is India's largest AMC with a 15.1% market share and strong growth in equity QAAUM.
Brokerages set target prices of Rs 750 (Emkay) and Rs 675 (Equirus) for the company.
- Who
- SBI Funds Management Ltd
- What
- IPO debut and brokerage coverage initiation
- When
- July 21
- Where
- India
- Why
- To capitalize on India's financialization opportunity and strong market position
Optimistic View
Cautious View
Upside Potential
Optimistic View
Brokerages predict up to 30% upside potential due to strong networks and market leadership.
Cautious View
No significant opposing view presented.
- IPO Price Range
- Rs 545-574 per share
- Total Funds Raised
- Rs 9,813 crore
- Market Share
- 15.1%
- Equity QAAUM Growth
- 33% CAGR over FY21-June 2026
- Distribution Network
- Over 23,000 branches and 100 million YONO users
- Target Price (Emkay)
- Rs 750
- Target Price (Equirus)
- Rs 675