SBI Funds Management Ltd., the asset management arm of State Bank of India (SBI), has announced the details of its much-awaited initial public offering (IPO), which is scheduled to open for subscription on July 14, 2026. Valued at ₹11,692.91 crore, the offering is set to become the largest IPO of the year so far.
Kalyan Jewellers India Ltd witnessed a sharp rally in its share price on Thursday, climbing more than 15% during intraday trading after global brokerage Citi upgraded the stock to a "Buy" rating. The brokerage also set a target price of Rs 750 per share, indicating a potential upside of nearly 97% from the stock's opening level.
