On 24 September 2026, the National Stock Exchange (NSE) lists on the BSE. This is a big moment NSE is the exchange where most Indians buy their first stock or mutual fund unit, and it has waited almost ten years to list. Its ₹22,562 crore share sale got 5.7 times more bids than shares on offer, Just two months earlier, on 21 July, SBI Funds Management the company that runs SBI Mutual Fund, India's biggest asset manager listed too. So two companies at the heart of how Indians

SBI Funds Management's ₹11,693-crore IPO is the largest of 2026 and a textbook case of what an offer-for-sale actually means for a business versus its shareholders. On July 14, 2026, SBI Funds Management Limited, the company behind SBI Mutual Fund, India's largest asset manager by AUM, opens the country's biggest IPO so far this year. The headline number is ₹11,692.91 crore, priced in a band of ₹545 to ₹574 a share, with listing on the NSE and BSE around July 21.