SBI’s ₹25,000 Cr QIP Set to Close Today: India’s Largest-Ever Share Sale

k of India’s ₹25,000 crore Qualified Institutional Placement (QIP) is set to close today, marking a historic milestone as India’s largest-ever share sale. The QIP, priced at a floor of ₹811.05 per share, received an overwhelming response with over 4x subscription, reflecting strong investor confidence in the country’s largest PSU bank. Sources indicate that Life Insurance Corporation of India (LIC) played a key role by investing around ₹7,000 crore. The newly issued shares are expected to be listed as early as Tuesday. Once concluded, this QIP will surpass Coal India’s ₹22,560 crore issue from 2015, setting a new benchmark in the Indian capital markets. Ask ChatGPT