State Bank of India Share Price – NSE  / BSE

Banks, Mid Cap

State Bank of India announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 15 May 2026.

The proposed IPO comprises up to 20,37,09,239 equity shares with a face value of Re 1 each, representing up to 10.0013% of the company?s paid-up equity share capital. The issue is entirely an offer for sale (OFS).

As a part of OFS, SBI plans to offload 12,83,34,397 equity shares (amounting to 6.30% stake) while Amundi India Holding will sell up to 7,53,74,842 equity shares (about 3.70% stake).

For FY25, SBI Funds Management?s total income stood at Rs 4,230.92 crore(0.64% of total income of SBI Group) The company?s reserves & surplus was at Rs 5,108.56 crore, accounting for 1.19% of SBI Group?s total reserve and surplus.

After listing, SBI Funds Management will be among the listed Asset Management players including HDFC AMC, ICICI Prudential AMC, UTI AMC, Aditya Birla Sun Life AMC, Shriram AMC and Nippon Life India Asset Management.

State Bank of India is engaged in providing a wide range of products and services to individuals, commercial enterprises, large corporates, public bodies, and institutional customers.

The bank reported a 24.49% jump in net profit to Rs 21,028 crore on a 9.69% increase in total income to Rs 140,915 crore in Q3 FY26 as compared with Q3 FY25.

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The bonds are issued for a tenor of 10 years, with call option after 5 years and each anniversary date thereafter.

These bonds are rated ?AAA? with ?stable? outlook from CRISIL Ratings and India Ratings and Research.

The bank further informed that the issue had attracted strong response from investors with bids of approximately 2 times against the base issue size of Rs 5,000 crore.

The total number of bids received was 47 indicating participation from diverse set of qualified institutional bidders. The investors were across provident funds, pension funds, mutual funds, banks etc.

Based on the response, the bank decided to accept Rs 6,051 crore at a coupon rate of 7.05% payable annually for a tenor of 10 years.

State Bank of India is engaged in providing a wide range of products and services to individuals, commercial enterprises, large corporates, public bodies, and institutional customers.

The bank reported a 24.49% jump in net profit to Rs 21,028 crore on a 9.69% increase in total income to Rs 140,915 crore in Q3 FY26 as compared with Q3 FY25.

The scrip rose 0.54% to currently trade at Rs 1069.70 on the BSE.

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State Bank of India is down for a fifth straight session today. The stock is quoting at Rs 1152.2, down 1.48% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.68% on the day, quoting at 24597.8. The Sensex is at 79386.06, down 0.79%.State Bank of India has added around 0.54% in last one month.Meanwhile, Nifty Bank index of which State Bank of India is a constituent, has eased around 3.98% in last one month and is currently quoting at 59055.85, down 1.35% on the day. The volume in the stock stood at 139.2 lakh shares today, compared to the daily average of 182.39 lakh shares in last one month.

The benchmark March futures contract for the stock is quoting at Rs 1157.8, down 1.42% on the day. State Bank of India jumped 57.24% in last one year as compared to a 9.07% rally in NIFTY and a 20.12% spurt in the Nifty Bank index.

The PE of the stock is 14.32 based on TTM earnings ending December 25.

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