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SBI Funds Management IPO: Shares list at 7% premium, but target prices go up to Rs 750. Time to buy?

  • Posted on July 21, 2026
  • By Business News Today
  • 0 Views
  • 1 min read
In brief

SBI Funds Management commenced trading with a modest 7% listing gain, disappointing grey market participants who anticipated stronger momentum. However, leading brokerage firms maintain an optimistic outlook on the company's prospects. Financial analysts have assigned ambitious price targets, with valuations reaching Rs 750, reflecting confidence in the asset management company's growth trajectory and competitive positioning within India's expanding mutual funds sector.

Summary auto-generated by AI from the original publisher's content. Editorial standards.

SBI Funds Management IPO: Shares list at 7% premium, but target prices go up to Rs 750. Time to buy?
SBI Funds Management IPO: Shares list at 7% premium, but target prices go up to Rs 750. Time to buy?

SBI Funds Management debuted with a nearly 7% premium over its IPO price, falling short of grey market expectations. Despite this, brokerages remain bullish, with Emkay assigning a Rs 750 target price and Equirus Rs 675, while analysts advise long-term investors to hold the stock on strong fundamentals.
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Author
Business News Today

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