State Bank of India
NSE: SBIN | Information Technology
Market Fundamentals
Stock Intelligence & News
SBI Funds Management seeks Rs 2,000 crore in pre-IPO round
SBI Funds Management, India's largest mutual fund, is planning a significant IPO, potentially raising up to โน2,000 crore through a pre-IPO placement. This move precedes a larger โน11,400 crore issue, slated for July. The entire IPO will be an offer for sale, with existing shareholders State Bank of India and Amundi India offloading shares. The fund house, holding a substantial market share, is valued highly in the unlisted market.
Read Full Analysis โMotilal Oswal's top 4 banking picks ahead of Q1 earnings season. Do you own any?
Motilal Oswal has identified its top banking picks ahead of the Q1 earnings season, anticipating strong MSME credit demand. HDFC Bank and ICICI Bank are highlighted for their robust asset quality and profitable growth. State Bank of India leads the PSU pack with aggressive pricing and housing loan strength, while AU Small Finance Bank is favored for its retail segment performance.
Read Full Analysis โSBI raises $300 million under RBI's ECB swap window
State Bank of India has successfully raised $300 million by issuing three-year senior unsecured floating-rate bonds in overseas markets. This move comes after the Reserve Bank of India introduced measures to reduce the cost of foreign-currency borrowings, offering a concessional forex swap facility. The issuance, managed through SBI's London branch, features a coupon tied to the Secured Overnight Financing Rate plus 100 basis points.
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SBI Funds Management gets Sebi nod for IPO
SBI Funds Management, India's largest mutual fund house, has secured SEBI's nod for its upcoming Initial Public Offering, expected to launch early in July. The public issue will be an Offer for Sale, with existing shareholders State Bank of India and Amundi India divesting a portion of their stakes. This move signals a significant step for the joint venture, positioning it for broader market participation.
Read Full Analysis โSBI board approves โน60,000 crore fundraise via issuance of bonds
State Bank of India board has approved raising โน60,000 crore via issuance of bonds in the ongoing financial year. The PSU bank stock traded nearly 2% higher in trade today.
Read Full Analysis โSBI to raise Rs 60,000 cr in FY27 via bonds
State Bank of India's board has approved raising up to Rs 60,000 crore in the current fiscal year through debt instruments. These funds will be raised via long-term bonds, Basel III-compliant Additional Tier 1, and Tier 2 Bonds. The issuance will be through public offer or private placement to Indian and overseas investors during FY27.
Read Full Analysis โFrom Rs 2 crore to Rs 5,000 crore! How NSE IPO is a jackpot for SBI with 256,775% profit
State Bank of India anticipates a massive Rs 5,000 crore profit from the National Stock Exchange's upcoming Rs 30,000 crore IPO. This IPO is set to be India's largest ever. Many long-term investors are also poised for extraordinary returns on their initial investments. The NSE's listing on the BSE follows years of anticipation and regulatory hurdles.
Read Full Analysis โNSE IPO: SBI, Bank of Baroda among top sellers in OFS, set for multibagger gains; LIC stays put
NSE IPO: State Bank of India (SBI) is the largest shareholder participating in the OFS of NSE IPO. SBI will sell up to 2.48 crore NSE shares. According to the DRHP, SBIโs weighted average acquisition cost for these shares is merely โน0.80 per share.
Read Full Analysis โNSE IPO: IFCI, IDBI Bank, SBI, other stocks gain up to 3% as NSE files for India's largest IPO. Who else is selling stake?
Shares of major NSE shareholders such as IFCI, IDBI Bank, State Bank of India and HDFC Life Insurance gained up to 3% after the National Stock Exchange's IPO papers revealed them as selling shareholders in the offer-for-sale (OFS).
Read Full Analysis โNSE IPO: IFCI, IDBI Bank, SBI, other stocks gain up to 3% as NSE files for India's largest IPO. Who else is selling stake?
Shares of major NSE shareholders such as IFCI, IDBI Bank, State Bank of India and HDFC Life Insurance gained up to 3% after the National Stock Exchange's IPO papers revealed them as selling shareholders in the offer-for-sale (OFS).
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