Advait Energy Transitions

SBI Funds Management shares fall 4% after listing at a premium, but close higher than the listing price. The company manages Rs 12.5 lakh crore across 120 schemes and offers a diverse mix of equity and hybrid funds. The IPO was subscribed 41.66 times, with strong demand from QIBs. SBI received Rs 5,711 crore from the IPO, which was the 10th most subscribed mainboard issue this year.