SBI to raise Rs 45,000 cr via equity, debt issuances in FY26; QIP opens at Rs 811 – OXBIG NEWS NETWORK-OxBig News Network

Country’s largest bank SBI will raise up to Rs 45,000 crore by equity and debt issuances, including up to Rs 25,000 crore by way of QIP, which opened on Wednesday.

In a regulatory filing, State Bank of India (SBI) on Wednesday said it will raise up to Rs 20,000 crore by issuing bonds to domestic investors during the current fiscal.

Separately, SBI also launched its share sale to institutional buyers via Qualified Institutional Placement (QIP) on Wednesday at a floor price of Rs 811.05 apiece. The bank said it may offer a discount of up to 5 per cent on the floor price.

The bank is looking to raise up to Rs 25,000 crore through the QIP.

The floor price is at a discount of 2.46 per cent over the Wednesday closing share price of Rs 831.55 a share.

The fundraising of up to USD 3 billion (about Rs 25,000 crore) through public offer or private placement in FY26 was approved by the SBI’s central board in May. Thereafter, the shareholders had cleared the same in June.

The bank had last utilised the QIP route in the fiscal year 2017-18 (Apr-Mar) — raising Rs 15,000 crore.

The PSU lender said, “The Central Board of the Bank in its meeting held today accorded approval for raising funds in INR by issue of Basel III compliant Additional Tier 1 and Tier 2 Bonds, up to an amount of Rs 20,000 crore to domestic investors during FY26, subject to the goverment’s approval wherever required.”

Shares of SBI settled 1.81 per cent higher at Rs 831.55 apiece on the BSE.