SBI Funds Management (SBIFM), India’s largest asset management company, made their stock market debut on July 21, listing at 7% premium over their IPO price of ₹574. The ₹9,812.91-crore issue, India’s biggest IPO so far this year, was subscribed 41.6 times. "The next chapter of India's mutual fund story will be more interesting than the last," SBI Chairman CS Setty.