SBI launches QIP of paid-up equity shares with face value of Rs 1 each, Check Floor Price
SBI starts QIP issue at Rs 811.05 floor price with shareholder-approved 5% discount scope, adopts placement document on July 16.
State Bank of India launches Qualified Institutions Placement at Rs 811.05 floor price with option for 5 percent discount.
India’s largest Lender State Bank of India (SBI) has initiated the Qualified institutions placement (QIP) of fully paid-up equity shares of face value Rs 1 each on 16th July, 2025. The Central Board of the Bank has approved the Floor Price for the Issue, being Rs 811.05 per Equity Share, (“Floor Price”). The Bank has issued the Relevant Date of issuing the QIP on 16th July, 2025.
According to the SEBI ICDR Regulations and the approval of the shareholders of the Bank, accorded through a special resolution dated June 13, 2025, the Bank may offer a discount of not more than 5% on the floor price so calculated for the Issue, the bank informed through exchanges.
The Issue price will be determined by the Bank in consultation with the Book Running Lead Managers appointed for the Issue. With this, the Bank has adopted the Preliminary Placement Document dated July 16, 2025 with the BSE Limited and National Stock Exchange of India Limited.
Shares of SBI were closed at Rs 830.50, up by 1.72% at BSE.
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