SBI launches Rs 25,000 cr QIP; floor price fixed at Rs 811.05 a share
Separately, the lender also announced that it received board approval to raise up to Rs 20,000 crore through additional tier 1 and tier 2 bonds in FY26.
The floor price of the bank's QIP has been set at Rs 811.05 per equity share, a discount of 2.5 per cent over the Wednesday's closing price of its shares at Rs 831.55 apiece.
This capital raised will boost the lender's core equity capital – common equity tier 1 (CET1) capital ratio. As of March 31, 2025, the bank's CET 1 ratio stood at 10.81 per cent.
The QIP will result in a reduction in the government's ownership in SBI, which stood at 57.43 per cent as of March 31, 2025.
SBI's Rs 25,000 crore QIP is likely to be the biggest equity share sale to institutional buyers in the domestic capital markets, surpassing Coal India's Rs 22,560 crore QIP launched in 2015. This is also for the first time since 2017 that the bank is raising money through equity sale. It had raised Rs 15,000 crore in June 2017.
QIP is one of the capital raising instruments used by listed companies to raise funds by issuing equity shares to qualified institutional buyers (QIBs), including venture capital funds, pension funds and mutual funds. It is one of the important sources for fundraising for the listed players.
Further, the bank said that its board in a meeting held on Wednesday accorded approval for raising up to Rs 20,000 crore by issuance of Basel III compliant additional tier 1 and tier 2 bonds to domestic investors in the current fiscal.
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