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SBI mobilises Rs 25,000 cr via QIP

SBI shares closed 0.11 per cent higher at Rs 824.20 on the BSE on Monday

The capital infusion will strengthen SBI’s Common Equity Tier-1 (CET-1) buffer, which is set to rise from 10.81 per cent as of March 31, 2025, to 11.50 per cent (Archive)

State Bank of India (SBI) on Monday successfully raised Rs 25,000 crore through a qualified institutional placement (QIP) of its equity shares, marking the largest QIP ever in the Indian capital markets. The shares were issued at a price above the floor price of Rs 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. The offering received an overwhelming response, with total subscriptions amounting to Rs 1.12 lakh crore.

Foreign investors accounted for 64.3 per cent of total demand, underscoring the attractiveness of India’s growth story. Marquee long term investors received 88 per cent of the final allocation, including 24 per cent of the issue size placed with foreign long-term investors, it said.

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SBI shares closed 0.11 per cent higher at Rs 824.20 on the BSE on Monday.

SBI Chairman CS Setty 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 infusion will strengthen SBI’s Common Equity Tier-1 (CET-1) buffer, which is set to rise from 10.81 per cent as of March 31, 2025, to 11.50 per cent. This will enable the bank to support measured credit growth across the retail, MSME, and corporate segments.

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