Country’s largest bank, State Bank of India (SBI), on Monday (July 21), said it has successfully completed a Qualified Institutional Placement (QIP) of equity shares, raising ₹25,000 crore—marking the largest QIP ever in the Indian capital markets. The equity shares were priced at a premium to the floor price of ₹811.05 per share.The issue witnessed robust demand, with the book oversubscribed 4.5 times, reflecting strong investor confidence in SBI’s strategy and the broader outlook for the Indian banking sector. Of the total demand, 64.3% came from foreign investors. Marquee global investors were allotted approximately one-third of the issue, while leading domestic investors received the remaining two-thirds.
Notably, 88% of the final allocation was made to marquee long-term investors, including 24% of the issue size placed with foreign long-term investors. The capital will augment SBI’s CET-1 buffer (will improve to 11.50% from 10.81% as of March 31, 2025), support calibrated credit growth across retail, MSME and corporate segments.
Also Read: SBI shares gain 2% after board approves ₹20,000 crore fund raise via bondsC S Setty, Chairman, SBI, 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.”

Shares of State Bank of India Ltd ended at ₹824.20, up by ₹0.90, or 0.11%, on the BSE.

Also Read: SBI lowers interest rates for select short-term fixed deposits by 15 basis points

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SBI raises ₹25,000 crore in India’s largest QIP, issue oversubscribed 4.5x

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