State Bank Of India has informed the Exchange regarding Outcome of Meeting of Committee of Directors held on July 16, 2025.
SBIN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.2 pts more than Nifty 100 and 0.6 pts more than its Public Sector Bank peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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SBI's Committee of Directors approved the launch of a Qualified Institutions Placement (QIP) of fully paid-up equity shares (face value ₹1 each) on July 16, 2025. The floor price has been set at ₹811.05 per share, based on the SEBI ICDR pricing formula, with July 16, 2025 as the relevant date. The Bank may offer a discount of up to 5% on the floor price, and the final issue price will be determined in consultation with the Book Running Lead Managers. The QIP follows the Central Board's approval on May 3, 2025, and a special resolution passed by shareholders on June 13, 2025. The Preliminary Placement Document has been adopted and will be filed with BSE and NSE.
The QIP launch signals SBI is set to raise fresh equity capital from institutional investors, which will dilute existing shareholders but strengthen the Bank's capital base. The final issue price, which may be at a discount of up to 5% to the floor price of ₹811.05, will be a key near-term trigger for the stock.