SBI to Launch ₹25,000 Crore QIP, Aiming for India’s Biggest QIP

State Bank of India (SBI), the nation's largest lender by assets, is preparing to raise up to ₹25,000 crore through a Qualified Institutional Placement (QIP) of shares, potentially setting a new benchmark in India's equity markets.

SBI Plans India’s Largest QIP

According to a Bloomberg report, SBI is gearing up to launch a QIP worth ₹25,000 crore ($2.9 billion) to institutional investors as early as next week. If the offering is fully subscribed, it will surpass Coal India’s ₹22,560 crore equity issue in 2015, becoming the largest-ever QIP in the Indian market. Approved by its board in May, this share sale marks SBI’s return to the equity market after a gap of eight years, the last being in 2017.

Purpose and Strategic Intent of the QIP

The planned QIP is part of SBI’s broader strategy to support growing credit demand, strengthen its capital base, and comply with regulatory norms. The additional capital will allow the bank to improve its buffers while advancing its expansion in high-growth sectors. With India's credit cycle on an upward trajectory, SBI aims to enhance its capacity to lend and fuel economic momentum.

Read More: IndianOil-Adani Gas JV to Raise $161 Million via Convertible Bonds!

Top Investment Banks Lined Up to Lead the Issue

SBI has enlisted 6 investment banks to manage the transaction. These include Citigroup India, HSBC India, Morgan Stanley, Kotak Investment Banking, ICICI Securities, and SBI Capital Markets. Their participation emphasises the magnitude of the issue as well as the global interest expected in the offering.

State Bank of India Share Price Performance

On July 10, 2025, State Bank of India share price opened at ₹811.30 on NSE, above the previous close of ₹810.95. During the day, it surged to ₹815.50 and dipped to ₹806.90. The stock is trading at ₹809.20 as of 2:39 PM. The stock has dipped by 0.22%.

Over the past week, it has declined by 0.33%, over the past month, it has moved up by 0.40%, and over the past 3 months, it has moved up by 9.50%.

Conclusion

SBI’s plan to raise ₹25,000 crore via QIP signals a major capital mobilisation initiative to support sustained loan growth and regulatory compliance. If fully subscribed, the offering will create a new record for QIPs in India, underlining SBI’s leading role in the country’s financial landscape.

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