State Bank of India (SBI) has completed India’s largest qualified institutional placement (QIP) of ₹25,000 crore, marking a significant capital-raising milestone. The offer received enthusiastic participation, registering a 4.5 times subscription from both Indian and foreign investors, underscoring robust confidence in the bank’s long-term growth potential.
The QIP received offers amounting to ₹1.10 lakh crore from nearly 120 institutional bidders for shares offered worth ₹25,000 crore. This makes it India's largest institutional fundraise through QIP, attracting interest from global names such as BlackRock Group and Marshall Wace, alongside major Indian institutions like LIC, HDFC Life and ICICI Prudential Life Insurance.
Domestic institutions composed roughly 60% of the bids, with companies including Quant Mutual Fund, White Oak Capital, and several leading mutual and life insurance funds actively participating. There was no single dominant bidder, which illustrates strong, widespread interest across investors looking to add SBI shares to their portfolios.
Read More: 4 Fund Houses Cross ₹1 Lakh Crore AUM in B30 Cities: SBI Mutual Fund Leads!
SBI had not tapped the equity markets via QIP for 8 years, making this offering particularly attractive to long-term investors. With a capital adequacy ratio (CAR) of 14.25% and a CET-1 ratio of 10.81% at the end of March 2025, the bank was already well-capitalised. This QIP will further strengthen Siddhartha’s CET-1 by about 60 basis points.
The QIP was priced in the range of ₹806.75 to ₹831.70 per share, representing up to a 3% discount to the market price. Following the issue, the government's shareholding in SBI is expected to decline from 57.43% to approximately 55%.
On July 18, 2025, State Bank of India share price opened at ₹832.00 on NSE, above the previous close of ₹829.00. During the day, it surged to ₹832.65 and dipped to ₹822.70. The stock is trading at ₹822.70 as of 9:16 AM. The stock registered a moderate decline of 0.76%.
Over the past week, it has moved up by 1.71%, over the past month, it has moved up by 3.33%, and over the past 3 months, it has moved up by 2.76%.
SBI’s ₹25,000 crore QIP witnessed robust interest with an oversubscription of 4.5 times from a balance of global and domestic investors. The share placement not only marks a pivotal capital infusion for the public sector lender but also reflects strong investor trust in SBI’s ongoing growth and stable financial position.
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Published on: Jul 18, 2025, 10:47 AM IST
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