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A wholly owned subsidiary and the investment banking arm of State Bank of India
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SBICAPS Successfully Led the INR 4,500 Crores QIP of Bank of India

2023

Issuer Details

  • India’s 6th largest Public Sector Bank with a rich legacy of over 118 years
  • Diversified asset book over INR 5,400 Bn with a focus on RAM and Mid Segment Advances alongside an improving risk profile through reduced NPAs and improved provisioning
  • Bank has a large global deposit base over INR 7,000 Bn with focus on low-cost deposits
  • Bank has a physical footprint across India with presence in 28 states and 7 UTs and operates in 15 countries with branches in major financial centres

Key Transaction Highlights

  • SBICAPS – Investec delivered stellar performance with the highest procurement amongst 7 BRLMs at 29% of the total book
  • SBICAPS – Investec was crucial in converting marquee long-only investors across domestic MFs, Insurance companies & FIIs
  • SBICAPS played a crucial role as the post-issue banker enabling a seamless and successful closure
  • SBICAPS helped the Bank achieve its strategic objective of raising growth capital while achieving minimum public shareholding

Issue Details

Issue Size INR 4,500 Cr
Issue Price INR 100.20 per share
SEBI Floor Size INR 105.42 per share
Issue launch Date 5th Dec 2023
Overall Subscription 4.11x

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