SBI Funds Management IPO: Shares list at 7% premium, but target prices go up to Rs 750. Time to buy?

SBI Funds Management debuted with a nearly 7% premium over its IPO price, falling short of grey market expectations. Despite this, brokerages remain bullish, with Emkay assigning a Rs 750 target price and Equirus Rs 675, while analysts advise long-term investors to hold the stock on strong fundamentals.