SBI is planning to raise funds through follow-on public offer and institutional placement in the current fiscal and has sought applications from merchant bankers to manage the issue.
SBI has said in a public notice that “The bank intends to tap capital markets via a QIP/FPO. The issue size may vary based on various factors including but not limited to management discretion and the decision of the shareholders.”
The bank proposes to select and appoint up to 6 merchant bankers with requisite experience who together will be designated as Book Running Lead Managers (BRLMs).
