SBI Plans Record ₹25,000 Crore QIP: Implications for Investors

IO_AdminUncategorized4 hours ago4 Views

Rapid Summary:

  • The State Bank of India (SBI) launched a historic Qualified Institutional Placement (QIP) worth Rs 25,000 crore on July 16, 2025.
  • Subscribed three times its offer size within less than a day, the QIP received bids totaling Rs 75,000 crore.
  • Life Insurance Corporation of india (LIC) acted as the anchor investor wiht bids worth Rs 7,000 crore.
  • Domestic institutions like Quant Mutual fund and ICICI Prudential Mutual Fund participated strongly; foreign investors included Nomura and Marshall Wace.
  • Launched at a floor price of Rs 811.05 apiece-a slight discount from the last traded price-the funds aim to support loan growth and strengthen SBI’s balance sheet while meeting regulatory requirements.
  • Six investment banks were shortlisted to manage the transaction: Citigroup Inc., HSBC Holdings Plc., ICICI Securities Ltd., Kotak Investment Banking, Morgan Stanley, and SBI Capital Markets Ltd.

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