SBI shares up 1% on mega fundraising announcement; a list of key details

The bank said it would raise up to ₹45,000 crore by equity and debt issuances, including up to ₹25,000 crore by way of QIP, which opened on Wednesday.

In a regulatory filing, State Bank of India (SBI) on Wednesday said it would raise up to ₹20,000 crore by issuing bonds to domestic investors during the current fiscal year.

Separately, SBI also launched its share sale to institutional buyers via qualified institutional placement (QIP) on Wednesday at a floor price of ₹811.05 apiece. The bank said it may offer a discount of up to 5% on the floor price.

The bank is looking to raise up to ₹25,000 crore through the QIP.

QIP (Qualified Institutional Placement) is a fundraising mechanism used by listed companies in India to raise money by issuing equity shares or other securities to qualified institutional buyers (QIBs) on a private placement basis.

Retail investors cannot participate in the QIP issue.

SBI said that the floor price is at a discount of 2.46% over the Wednesday closing share price of ₹831.55 apiece.

The fundraising of up to $3 billion (about ₹25,000 crore) through public offer or private placement in FY26 was approved by the SBI's central board in May. Thereafter, the shareholders had cleared the same in June.

SBI had last raised ₹15,000 crore in 2017-18 through the QIP route.

SBI QIP Update

According to news reports, SBI Q1P has received a demand of nearly ₹75,000 crore, three times the QIP size. The issue has received strong demand from domestic and hedge funds.

SBI Q4 FY25 Results

State Bank of India (SBI) reported a 10% fall in standalone net profit at ₹18,643 crore for the fourth quarter ended March 2025 (Q4 FY25).

The country's biggest lender had earned a profit of ₹20,698 crore in the January-March period of 2023-24.

Total income increased to ₹1,43,876 crore in the March quarter from ₹1,28,412 crore logged in the same period a year ago, SBI said in a regulatory filing.

During the quarter, the bank earned an interest income of ₹1,19,666 crore as against ₹1,11,043 crore a year ago.