SBI QIP: Who purchased Shares of SBI? Check All Details
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SBI had launched Rs.25,000-crore qualified institutional placement (QIP) on 16th July 2025. The State Bank of India received a strong response from the market and the QIP was subscribed three-times its offer size in less than a day. [Click here to know what is QIP]
The Government Bank had launched its QIP in the second half of July 16 at a floor price of Rs 811.05 apiece, at a slight discount of the last traded price. This is the first time since 2017 that SBI has tapped the equity market to raise capital. The SBI had last used the QIP method in the financial year 2017-18 (Apr-Mar), to raise Rs 15,000 crore.
The QIP was subscribed 3 times and received bids for Rs 75,000 crore worth of shares. Life Insurance Corporation of India (LIC), the anchor investor for the QIP, led the subscription race among domestic fund houses by bidding for shares worth Rs 7,000 crore. Quant Mutual Fund followed, by bidding for Rs 3,000 crore shares. HDFC Pension Fund, ICICI Prudential Mutual Fund, Motilal Oswal Mutual Fund and Birla Mutual Fund have also strongly participated.
Among the FIIs, Nomura has bid for Rs 1,800 crore worth of shares while Marshall Wace and Millennium bid for Rs 1,500 crore shares each.
SBI QIP SUBSCRIPTION STATUS
| SBI QIP SUBSCRIPTION STATUS | |
| Name | Demand |
| Domestic Fund Houses | |
| LIC | Rs 7,000 crore |
| Quant Mutual Fund | Rs 3,000 crore |
| HDFC Pension Fund | Rs 2,000 crore |
| ICICI Prudential Mutual Fund | Rs 1,500 crore |
| Motilal Oswal Mutual Fund | Rs 1,500 crore |
| Birla Mutual Fund | Rs 1,500 crore |
| FII | |
| Nomura | Rs 1,800 crore |
| Marshall Wace | Rs 1,500 crore |
| Millennium | Rs 1,500 crore |
In May 2025, the bank had received its board approval to raise equity capital aggregating up to Rs 25,000 crore in one or more tranches during FY2026 through QIP/ follow-on public offer (FPO) or any other permitted mode.
SBI has shortlisted six investment banks to manage the transaction, including the Indian arms of Citigroup Inc. and HSBC Holdings Plc, as well as ICICI Securities Ltd., Kotak Investment Banking, Morgan Stanley, and SBI Capital Markets Ltd.
Click here to know what is QIP
Also Read: Government Plans to Decrease Stake in PSU Banks, Rs.45,000 Crore will be raised via QIP