Latest news with #SBIQIP
Mint
22-07-2025
- Business
- Mint
SBI share price in focus as PSU bank raises ₹25,000 crore via QIP; LIC increases stake
SBI share price will be in focus on Tuesday after the PSU lender raised ₹ 25,000 crore through Qualified Institutional Placement (QIP) to fund business growth. The committee of directors of State Bank of India (SBI), at its meeting held on Monday, approved the closure of the issue pursuant to the receipt of application forms and the funds in the escrow account from the eligible Qualified Institutional Buyers (QIBs) in accordance with the terms of the issue, the SBI said in a regulatory filing. SBI approved the allocation of 30,59,97,552 equity shares at an issue price of ₹ 817 per share of a face value of Re 1 each, including a premium of ₹ 816 apiece, it said. SBI QIP was oversubscribed four-and-a-half times, and foreign investors accounted for 64.3% of total demand. The PSU bank said marquee long-term investors received 88% of the final allocation, including 24% of the issue size placed with foreign long-term investors. The capital will augment the SBI's CET-1 buffer (it will improve to 11.5% from 10.81% as on March 31) and support calibrated credit growth across the retail, MSME and corporate segments, it added. Life Insurance Corporation of India (LIC), the state-run insurance giant, has increased its shareholding in SBI by investing in the QIP. The insurance giant was allotted 6,11,99,511 SBI shares in the QIP. Thus, LIC's stake in SBI has been increased from 81,46,59,869 equity shares to 87,58,59,380 shares, that is, 9.21% to 9.49% of the paid-up capital of the bank. Other prominent investors in SBI QIP were HDFC Life Instance Company, Quant Mutual Fund and Societe General. SBI share price has gained 3% over the past month and rallied 9% in the last six months. On a year-to-date (YTD) basis, the PSU bank's stock is up 4%, although it has declined 7% over the past one year. However, over the long term, SBI share price has delivered robust returns, with the stock surging 324% over the past five years, marking a multibagger performance. On Monday, SBI share price ended 0.11% higher at ₹ 824.20 apiece on the BSE.
Mint
22-07-2025
- Business
- Mint
SBI share price in focus as PSU bank raises ₹25,000 crore via QIP; LIC increases stake
SBI share price will be in focus on Tuesday after the PSU lender raised ₹ 25,000 crore through Qualified Institutional Placement (QIP) to fund business growth. The committee of directors of State Bank of India (SBI), at its meeting held on Monday, approved the closure of the issue pursuant to the receipt of application forms and the funds in the escrow account from the eligible Qualified Institutional Buyers (QIBs) in accordance with the terms of the issue, the SBI said in a regulatory filing. SBI approved the allocation of 30,59,97,552 equity shares at an issue price of ₹ 817 per share of a face value of Re 1 each, including a premium of ₹ 816 apiece, it said. SBI QIP was oversubscribed four-and-a-half times, and foreign investors accounted for 64.3% of total demand. The PSU bank said marquee long-term investors received 88% of the final allocation, including 24% of the issue size placed with foreign long-term investors. The capital will augment the SBI's CET-1 buffer (it will improve to 11.5% from 10.81% as on March 31) and support calibrated credit growth across the retail, MSME and corporate segments, it added. Life Insurance Corporation of India (LIC), the state-run insurance giant, has increased its shareholding in SBI by investing in the QIP. The insurance giant was allotted 6,11,99,511 SBI shares in the QIP. Thus, LIC's stake in SBI has been increased from 81,46,59,869 equity shares to 87,58,59,380 shares, that is, 9.21% to 9.49% of the paid-up capital of the bank. Other prominent investors in SBI QIP were HDFC Life Instance Company, Quant Mutual Fund and Societe General. SBI share price has gained 3% over the past month and rallied 9% in the last six months. On a year-to-date (YTD) basis, the PSU bank's stock is up 4%, although it has declined 7% over the past one year. However, over the long term, SBI share price has delivered robust returns, with the stock surging 324% over the past five years, marking a multibagger performance. On Monday, SBI share price ended 0.11% higher at ₹ 824.20 apiece on the BSE. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
News18
18-07-2025
- Business
- News18
SBI's Rs 25,000 Crore QIP Oversubscribed 3x; First Equity Sale Since 2017
The Rs 25,000-crore Qualified Institutional Placement (QIP) by State Bank of India (SBI) has received overwhelming investor interest SBI QIP Sees Strong Demand: The Rs 25,000-crore Qualified Institutional Placement (QIP) by State Bank of India (SBI) has received overwhelming investor interest, with bids exceeding three times the offer size in less than a day, CNBC-Awaaz reported on July 17. Launched on July 16 at a floor price of Rs 811.05 per share—slightly below the last traded price—the fundraising marks SBI's first equity market tap since 2017. The proceeds will be used to boost loan growth, shore up the bank's balance sheet, and meet regulatory requirements. According to the report, bids worth Rs 75,000 crore were received against the Rs 25,000 crore target. LIC, the anchor investor, led domestic participation with a bid of Rs 7,000 crore, followed by Quant Mutual Fund at Rs 3,000 crore. Other participants included HDFC Pension Fund, ICICI Prudential MF, Motilal Oswal MF, and Aditya Birla MF. Foreign institutional interest was also strong, with Nomura bidding for Rs 1,800 crore, while Marshall Wace and Millennium each placed bids worth Rs 1,500 crore. News18 could not independently verify these figures. The bank had earlier secured board approval in May 2025 to raise up to Rs 25,000 crore via QIP, FPO, or other permissible routes in FY26. SBI has appointed six investment banks to manage the issue, including the Indian arms of Citigroup and HSBC, along with ICICI Securities, Kotak Investment Banking, Morgan Stanley, and SBI Capital Markets. This is SBI's first QIP since 2017-18, when it had raised Rs 15,000 crore. As of July 17, SBI shares were trading slightly higher at Rs 835.75 apiece. view comments First Published: July 18, 2025, 10:37 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Time of India
10-07-2025
- Business
- Time of India
SBI QIP on track: State Bank of India may opt for Rs 25,000 crore share sale as early as next week, says report
SBI's leadership had given their approval for this share sale in May. (AI image) SBI QIP: State Bank of India, the biggest asset-based lender in India, plans to offer shares worth Rs 25,000 crore ($2.9 billion) to institutional investors, potentially launching as early as next week, according to a Bloomberg report quoting sources. This could emerge as the largest such deal in the country. Should the qualified institutional placement receive complete subscription, it would establish a new record for India's largest QIP, exceeding Coal India Ltd.'s previous record of Rs 225.6 billion offering in 2015, as per statistics quoted in the report. The bank's leadership had given their approval for this share sale in May. The arrangements remain tentative and could undergo modifications, the sources indicated. SBI's equity market initiative aims to bolster lending operations, fortify its financial position and comply with regulatory standards. This marks the bank's return to equity fundraising since 2017, with the government maintaining majority ownership. For this financial transaction, SBI has selected six investment banking institutions. These include Citigroup Inc. and HSBC Holdings Plc (Indian divisions), alongside ICICI Securities Ltd., Kotak Investment Banking, Morgan Stanley, and SBI Capital Markets Ltd. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
