Business
SBI Funds Management: India's record 2026 IPO briefly dips below offer price
On July 24, 2026, shares of SBI Funds Management Ltd.—described as India's largest IPO of 2026—briefly fell below their offer price on the Mumbai stock exchange. The stock touched 572 rupees, down 0.9%, falling below the IPO price of 574 rupees, before rebounding to 578.60 rupees at 12:27 local time. This movement occurred four days after SBI Funds Management's market debut on July 21, 2026. The company is described as India's largest asset manager, according to Bloomberg.