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SBI Closes Record ₹25,000 Crore QIP After 4.5x Oversubscription

The capital infusion boosts SBI’s CET-1 ratio to 11.50% under tighter Basel III rules, with new shares listing on July 24.

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Overview

  • SBI raised ₹25,000 crore by issuing 30.6 crore equity shares at ₹817 each in its first share sale since 2017, marking the largest QIP in India’s markets.
  • Investor demand reached ₹1.12 lakh crore, oversubscribing the placement 4.5 times and drawing 64.3% of bids from foreign institutions.
  • Life Insurance Corporation invested about ₹5,000 crore to increase its stake to 9.49%, while the government’s holding fell to approximately 55.03%.
  • The equity infusion lifts SBI’s Common Equity Tier-1 ratio from 10.81% to 11.50%, aligning the bank with stricter Basel III capital requirements.
  • Newly allotted shares will be credited on July 23 and begin trading on the BSE and NSE starting July 24.