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SBI plans Rs 25,000 crore QIP; ropes in six bankers for India’s largest share sale in eight years
NF Times
|June 29, 2025
State Bank of India (SBI) is looking to raise a whopping Rs 25,000 crore through a qualified institutional placement (QIP) of shares and has roped in six investment bankers for the biggest QIP deal in India Inc and the first share sale in eight years. The bank is looking at hitting the market within the next two months to shore up its core capital as the nation’s largest lender expects accelerated loan demand on the back of the falling interest rate regime.
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The fundraise is aimed at boosting its common equity tier 1 capital, which was only 11%, the lowest among public sector lenders. The bank, which controls a fifth of the system-wide credit, has roped in Citigroup, HSBC, ICICI Securities, Kotak Capital, Morgan Stanley and SBI Caps as the lead bankers for the share sale, a source told on Friday.
These banks have agreed for just Re 1 as their commission/fee. The i-bankers had also charged just Re 1 from the bank in the last fundraise too, eight years ago when it had mopped up Rs 15,000 crore selling 522 million shares in June 2017, the source added.
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