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₹25,000 cr SBI QIP draws bids worth ₹1 trn
Business Standard
|July 18, 2025
LIC, domestic MFs lead charge
State Bank of India (SBI), the country's largest lender, attracted bids worth nearly 1 trillion for its 25,000 crore ($2.9 billion) qualified institutional placement (QIP), with local institutions leading the charge, according to people in the know.
Sources said Life Insurance Corporation (LIC) of India placed bids worth over ₹5,000 crore, while domestic mutual funds (MFS), such as SBI MF, ICICI Prudential MF, Aditya Birla Sun Life MF, and HDFC Bank, bid for over 1,500 crore each. About half a dozen foreign portfolio investors (FPIs), including Singapore's GIC and Capital International, also participated in the QIP.
These financial institutions couldn't be reached for independent confirmations.
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