Mumbai, July 17 -- The company's board authorized and declared the opening of the issue on Wednesday, 16 July 2025.

The floor price of Rs 811.05 is at a discount of 2.47% to the scrip's previous closing price of Rs 831.55 on the BSE.

The company may offer a discount of not more than 5% on the floor price so calculated for the issue. The issue price will be determined in consultation with the book running lead managers appointed for the issue.

The State Bank of India (SBI) is an Indian multinational, public-sector banking, and financial services statutory body. As of 31 March 2025, the Government of India held a 57.43% stake in the bank.

The bank's standalone net profit declined by 9.93% year-on-year (YoY) to Rs 18,642.59 crore in Q4 F...