By Admin 
Sbi launches qip: Public sector bank will raise up to Rs 45,000 crore by issuing SBI shares and bonds. Out of this, an amount of Rs 25,000 crore will be collected through the eligible institutional planning (QIP). SBI’s QIP has opened on Wednesday. In the information given to the stock market, SBI has said that during the current financial year (2025-26), the bonds will be raised up to Rs 20,000 crore by issuing bonds to domestic investors.
Apart from this, SBI on Wednesday started selling shares to institutional buyers at a minimum price of Rs 811.05 per share through QIP. The bank said that it can give a discount of up to 5 percent at the minimum price.
25000 crore plan through QIP
The bank is planning to raise up to Rs 25,000 crore through QIP. This minimum price is reduced by the bank’s share price of Rs 831.55 to 2.46 percent. In May, the Central Board of SBI approved raising funds up to three billion dollars (about Rs 25,000 crore) through public issue or private planning in the current financial year. Subsequently, it was approved by shareholders in June.
SBI last raised Rs 15,000 crore through QIP in 2017-18. SBI’s stock on BSE rose by 1.81 percent to close at Rs 831.55.
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