State Bank of India (SBI) on July 16 announced the opening of its Qualified Institutions Placement (QIP) of equity shares to raise capital from institutional investors. The bank’s Committee of Directors approved opening the issue today at a floor price of ₹811.05 per share, as per the SEBI’s ICDR Regulations.
The floor price was determined based on the prescribed formula, and the bank has the flexibility to offer up to a 5% discount on this price. The final issue price will be decided in consultation with the book running lead managers, SBI informed stock exchanges.
SBI also adopted the preliminary placement document and filed it with the BSE and NSE. The QIP follows approvals by the bank’s Central Board and shareholders, who had passed a special resolution on June 13, 2025, permitting the capital raise.
The bank emphasized that its trading window remains closed for all designated persons under the insider trading regulations.
This fund-raising initiative comes as the country’s largest lender looks to bolster its capital adequacy and support growth plans while maintaining strong buffers.
