State Bank of India to raise USD 1.5 bn via share sale

Written By Unknown on Selasa, 28 Januari 2014 | 23.25

Jan 28, 2014, 09.32 PM IST

The bank is selling shares to institutional investors in the price band of Rs 1,565 to Rs 1,596 a share, said the sources, who declined to be named as they were not authorised to speak to the media.

Tags  State Bank of India, QIP, . Deutsche Bank, CITI, UBS, HSBC, JP Morgan

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State Bank of India to raise USD 1.5 bn via share sale

The bank is selling shares to institutional investors in the price band of Rs 1,565 to Rs 1,596 a share, said the sources, who declined to be named as they were not authorised to speak to the media.

Like this story, share it with millions of investors on M3

State Bank of India to raise USD 1.5 bn via share sale

The bank is selling shares to institutional investors in the price band of Rs 1,565 to Rs 1,596 a share, said the sources, who declined to be named as they were not authorised to speak to the media.

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India's leading public sector bank,  State Bank of India   today launced a qualified institutional placement (QIP) book to raise close to 1.5billion dollars. According to investment banking sources, the QIP price band is Rs 1565-1596 (implying 0-2%) discount to today's closing price.

The book will be closed for global and local investors tomorrow morning. According to sources, LIC is likely to one of the key anchor investors to the QIP issue. Deutsche Bank, CITI, UBS, HSBC, JP Morgan, SBI Caps are bankers to the QIP issue.

State Bank of India shares ended 0.1 percent up on Tuesday at Rs 1,596.30.

Also Read: Banks unlikely to raise rates on surprise RBI rate hike

(With input from Reuters)


SBI stock price

On January 28, 2014, State Bank of India closed at Rs 1595.95, up Rs 1.40, or 0.09 percent. The 52-week high of the share was Rs 2534.10 and the 52-week low was Rs 1452.90.


The company's trailing 12-month (TTM) EPS was at Rs 177.08 per share as per the quarter ended September 2013. The stock's price-to-earnings (P/E) ratio was 9.01. The latest book value of the company is Rs 1422.43 per share. At current value, the price-to-book value of the company is 1.12.


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