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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 FY25, compared to Rs 20,698.35 crore reported in Q4 FY24. However, total income increased 12.04% YoY to Rs 1,43,876.06 crore in the quarter ended 31 March 2025.
The scrip rose 0.52% to currently trade at Rs 835.90 on the BSE.
In the cash market, the Nifty 50 index declined 100.60 points or 0.40% to 25,111.45.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, rose 0.02% to 11.24.
State Bank of India (SBI), Sona BLW Precision Forgings and Infosys were the top traded individual stock futures contracts in the F&O segment of the NSE.
The July 2025 F&O contracts will expire on 31 July 2025.
State Bank of India is up for a fifth straight session today. The stock is quoting at Rs 834.2, up 0.3% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 0.07% on the day, quoting at 25193.55. The Sensex is at 82521.43, down 0.14%. State Bank of India has gained around 5.34% in last one month.
Meanwhile, Nifty Bank index of which State Bank of India is a constituent, has gained around 1.95% in last one month and is currently quoting at 57168.95, down 0.44% on the day. The volume in the stock stood at 157.98 lakh shares today, compared to the daily average of 100.55 lakh shares in last one month.
The benchmark July futures contract for the stock is quoting at Rs 834.75, up 0.04% on the day. State Bank of India is down 6.64% in last one year as compared to a 1.58% jump in NIFTY and a 8.17% jump in the Nifty Bank index.
The PE of the stock is 10.47 based on TTM earnings ending March 25.