SBI Capital Markets Ltd (SBICAPS), the wholly-owned NBFC arm of State Bank of India and FPI darling, grabs attention post its latest CAPEX update in FY25 annual report. The investment banking leader's expansion plans amid robust deal flow position it for Monday trading buzz.
Company Profile
SBICAPS, India's premier merchant banker since 1986, facilitated ₹18,000 Cr FPOs, ₹3,000 Cr IPOs, and ₹14,680 Cr NCD issuances in FY25. As SBI subsidiary, it thrives on ECM/DCM transactions, drawing FPI interest for high returns in capex-driven infrastructure financing.
Key Highlights
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CAPEX Expansion: Annual report details infrastructure investments supporting ₹25,000 Cr SBI QIP—largest ever—plus infra bonds and preferential issues totaling ₹695 Cr.
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Deal Pipeline Strength: FY25 feats include INR 16,850 Cr sole arranger mandates; positions for FY26 private capex revival per SBI outlook.
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FPI Magnet: Strong AUM growth, 27% CA deposits surge via SBI synergy; NBFC peers like HDB show sector capex via NCD raises.
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Market Focus: Update amid SBI's ₹7.2 lakh Cr credit pipeline; analysts eye trading volatility post-weekend digestion.
SBICAPS embodies India's capex resurgence.
Sources: SBICAPS Annual Report FY25, SBI filings, Economic Times.