QIP - Business Outrank

SBI plans to raise ₹25,000 crore through its record QIP as it launches its biggest-ever qualified institutional placement (QIP) at a floor price of ₹811.05 which is 2.5% lower than Wednesday’s closing price. SBI has not conducted a QIP since 2017 when it raised ₹15,000 crore. The new capital will enhance its capital adequacy ratio which stands at 14.25% by adding more than 60 basis points to support its future expansion. The QIP offering includes major investors such as Life Insurance Corporation and GIC Singapore together with Capital International and ICICI Prudential AMC according to sources. The lead managers for this offering consist of Citigroup, Morgan Stanley, HSBC, ICICI Securities, Kotak and SBI Caps. The government ownership in SBI currently stands at 57.43% but will likely decrease to approximately 55% following the QIP issuance. The book runners together with the lead managers will determine the final issue price which could provide a maximum discount of 5% from the floor price. SBI's board of directors approved a plan to issue ₹20,000 crore worth of Basel III-compliant bonds during FY26. The bank's advances increased by 12% annually to reach ₹42.21 trillion while deposits expanded by 9.48% to ₹53.82 trillion during FY25. The market capitalization of the company has increased more than twice since 2021 and reached ₹7.42 trillion at the end of Wednesday's trading session.

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