Archive · 26 Jun 2025
SBI Selects Banks for ₹25,000 Crore QIP
SBI, India's largest lender, is planning to raise ₹25,000 crore by selling shares to institutional investors through a Qualified Institutional Placement (QIP).
The bank has chosen six investment banks to manage this process, including Morgan Stanley and Citigroup.
The board approved the fundraising in May, with the launch dependent on market conditions.
This QIP is part of SBI's strategy to strengthen its capital base.
SBI appointed six banks to manage its ₹25,000 crore QIP.
Morgan Stanley, SBI Capital Markets, Citi, Kotak, ICICI Securities, and HSBC are the appointed bankers.
The board approved the fundraising plan in May.
The timing of the QIP will depend on market conditions.
The capital raise aims to bolster the bank’s capital base.
- Who
- State Bank of India (SBI) and investment banks including Morgan Stanley and Citi.
- What
- SBI appointed six banks for a ₹25,000 crore QIP.
- When
- The board approved the fundraising plan in May.
- Where
- N/A
- Why
- To bolster the bank's capital base.
- Bank
- State Bank of India (SBI)
- Issue Type
- Qualified Institutional Placement (QIP)
- Issue Amount
- ₹25,000 crore
- Lead Arrangers
- Morgan Stanley, SBI Capital Markets, Citi, Kotak, ICICI Securities, HSBC
- Approved
- May
- Goal
- To bolster the bank’s capital base.
Sources
SBI appoints 5 lead arrangers for QIP issue for token fee of ₹1
SBI picks five banks to manage its ₹25,000 crore QIP
SBI Selects Five Banks To Manage Rs 25,000 Crore QIP; Details
SBI finalises bankers for Rs 25,000 crore QIP, may set record as India’s largest-ever share sale
