MUMBAI
State Bank of India (SBI) said it has raised ₹25,000 crore through qualified institutional placement (QIP) of its equity shares, the largest QIP ever executed in the Indian capital markets.
The equity shares were priced at premium to floor price of ₹811.05 per share.
“The book received robust demand and was oversubscribed 4.5 times, reflecting strong investor confidence in SBI’s strategy and the outlook for India’s banking sector,” SBI said in a statement.
“Foreign investors accounted for 64.3% of total demand, underscoring the attractiveness of India’s growth story. Marquee long term investors received 88% of the final allocation, including 24% of the issue size placed with foreign long- term investors,” it said. C.S. Setty, Chairman, SBI, said: “This landmark equity raise is a vote of confidence in SBI’s solid fundamentals, prudent risk management and digital-first growth agenda. We are grateful to both domestic and international investors for their overwhelming support, which also speaks volumes about the current strength and future potential of the Indian economy.” The capital will augment SBI’s CET-1 buffer (will improve to 11.50% from 10.81% as on 31st March 2025), support calibrated credit growth across retail, MSME and corporate segments.
Published – July 21, 2025 11:42 pm IST
