SBI launches ₹25,000 crore share sale at ₹811.05 per share

State Bank of India (SBI), the country's largest lender, has announced a share sale to institutional investors to raise ₹25,000 crore. The company's board approved a qualified institutional placement at a floor price of ₹811.05 per equity share, a 2.3% discount to the last closing price on the NSE.

SBI may offer a discount of up to 5% on the floor price for the QIP, with the issue price to be determined by the bank in consultation with the lead managers. The board had earlier approved raising funds in FY26 through various modes.

Additionally, SBI's board approved raising ₹20,000 crore via bonds. The bank's share price closed higher following the fundraising announcement, with gains on both NSE and BSE.

Year-to-date, SBI shares are up 5% but down 6% over the last year. Over five years, SBI stock has seen a significant gain of 347%. The bank's market capitalisation stands at ₹7.42 lakh crore.