SBI shares in focus as lender launches Rs 25,000 crore QIP at discount
ADVERTISEMENT The Committee of Directors of the banking giant approved the launch of the Qualified Institutional Placement (QIP) on July 16, setting the floor price at Rs 811.05 per equity share, as per the exchange filing. The floor price represents a 2.5% discount to Wednesday's closing level.
The development follows the board's earlier nod on May 3, 2025, to raise capital via the QIP route. On Wednesday, the board formally authorised the opening of the issue.
Shares of SBI closed 1.9% higher on the day, outperforming the benchmark Nifty 50, which ended largely unchanged.Separately, SBI's board also approved a proposal to raise Rs 20,000 crore through the issuance of Basel III-compliant Additional Tier 1 and Tier 2 Bonds, targeted at domestic investors during the current financial year, the bank disclosed in a regulatory filing.
ADVERTISEMENT SBI's stock performance has lagged the broader market and peers in the PSU banking space over the past year, falling nearly 6%. In comparison, the Nifty PSU Bank index declined over 2%, while the benchmark Nifty 50 rose 2.5% in the same period.However, the lender has delivered a positive return of 5% in 2025 so far. Over the last six months, its shares have climbed 10%, outperforming the Nifty's 8.6% gain.
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SBI shares are currently trading above their 50-day and 200-day simple moving averages, at Rs 801 and Rs 789, respectively. The stock has shown moderate volatility, with a one-year beta of 1.1.
Also read | SBI launches Rs 25,000 crore QIP, sets floor price at Rs 811.05/share
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