SBI Life Insurance Company Ltd IPO Message Board (Page 35)

it is overall 10% subscription Day-1, just started ......

Discount kulse lahe chhe,

SBI Life Insurance Company Ltd. IPO
Subscription figures on day 1 @5pm

QIB - 0.0591X
HNI/NII - 0.0092X
RII - 0.1569X
Employees - 0.1741X
SBI Shareholders - 0.0529X
Total - 0.0992X
Just starting........

SBI Life Insurance IPO Subscription Details

Category      Shares offered      Subscription (in %, at 1:30 PM)
Day 1      Day 2      Day 3
QIB       21,200,000      0.03            
NII       15,900,000      0.71            
Retail      3,7100,000      7.61            
Emp 2,000,000      0.52            
Share
holders      12,000,000      3.07            
Total      88,200,000      3.77            

Incorrect data

Sir Aisa News mat dalo , kahi koi loss me n chala jaye.

Subscription at 4:30 (NSE+BSE)
QIB 0.0591
NII 0.0092
Retail 0.1505
Empl 0.1737
Others 0.0527

Overall - 0.0867

http://m.economictimes.com/markets/stocks/news/playing-sbi-life-ipo-for-listing-gains-history-might-bar-you/amp_articleshow/60762178.cms

What happens if an employee bids for shares worth 2 Lakhs and the employee category is oversubscribed by 5 times? Will he get shares worth 40,000 (2 Lakh divide by 5) or will he get just one lot on basis of lottery?

He will get only one lot if he will lucky otherwise no allotment.

RHP PAGE NO. 457
ALLOTMENT UNDER THE ELIGIBLE EMPLOYEE RESERVATION PORTION AND THE STATE
BANK SHAREHOLDERS RESERVATION PORTION
Bids received from Eligible Employees under the Employee Reservation Portion and State Bank Shareholders under the State Bank Shareholders Reservation Portion at or above the Offer Price may be grouped together to determinethe total demand under this Category. The Allotment to all successful Eligible Employees and the State Bank Shareholders may be made at or above the Offer Price. If the aggregate demand in this category is less than or equalto the Employee Reservation Portion and the State Bank Shareholders Reservation Portion at or above the Offer Price, full Allotment may be made to Eligible Employees and the State Bank Shareholders to the extent of their demand. In case the aggregate demand in this category is greater than the Employee Reservation Portion or the and the State Bank Shareholders Reservation Portion at or above the Offer Price, Allotment may be made on a proportionate basis up to a minimum of the Employee Reservation Portion and the State Bank Shareholders Reservation Portion.

I am not applying cos need IPOs which I can sell instantly with good premiums.... This is a long term bet only better apply good stocks for long term rather than applying this IPO

can SBI employee sell the shares for listing gain, if allotted under employee category

Yes , as normal

yes

sir what is the status of applies shares upto 3 o clock

Whether under each of the 3 categories, Rs. 2 lacs per application can be made ? Pl guide.

GMPs
ICICI 2-4
SBI 15-17
PRATAP 260
All Selling Tone@Rajkot

GMP
ICICI 5 - 7
SBI 18 - 20
CAPACIT 160 - 163
PRATAAP 290 - 300

GMP
ICICI 7 - 9
SBI 24 - 26
CAPACIT 163 - 168
PRATAAP 280 - 290

It is surprising to know that ICICI Lombard is still comanding certain premium.

SBI Life Insurance Company Ltd. IPO
Subscription figures on day 1 @2:10 pm

QIB - 0.0591X
HNI/NII - 0.0055X
RII - 0.0841X
Employees - 0.0042X
SBI Shareholders - 0.04
Total - 0.0609X
Just starting........

Do you have latest figures ?

Is there a discount for retail investor.

No discount for retail Investors
Rs: 68/- discount only for employees.

Friends do not invest your hard earned money on this. This highly priced P/E share, so will list at least 50 Rs discounted price.

SBI Life Insurance IPO

Opens on September 20, 2017
Closes on September 22, 2017

Face Value Rs.10
Price band Rs.685-700 per share

Category wise breakup

Total shares offered- 12,00,00,000

Reserved for employees- 20,00,000

Reserved for SBI shareholders- 1,20,00,000

QIB (50%) - 5,30,00,000 out of which 60% i.e. 3,18,00,000 will be issued to eligible Anchor investors and remaining for subscription of QIB.

NII/HNI (15%) - 1,59,00,000

Retail(35%) - 3,71,00,000 (Total 17,66,666 lots of 21 shares each).

So don''t worry retailers everybody will get at least one lot.

my expectation is 20 out of 24

Total 17,6,666 lots of 21 shares each available for allotment in retail category in SBI Life Insurance IPO so chances for everyone to get the allotment of 1 lot atleast.

No discount for retail investors. Rs.68 discount for SBI Employees.

Retail investors caution! Your hard earned money! Wait till 1''0 clock of the 22nd. Only apply with small lot based on its subscription before 2''0 clock. My understanding demand less because of huge IPO, already SBI taking high price with nearly no demand. There is possibility that it will go for discounted price listing.

There is no choice. No doubt that this is highly priced. But, very less people have patience to wait till listing and to purchase thereafter. Hence, as usually 99% of the retailers will apply and if lucky they will make some money. Even otherwise most of people donot mind carrying some notional loss, for sometime or to adjust such loss from some other issue. The trend of applying for publicissues/offers continues and it cannot be resisted.

BEWARE OF 3RD OCTOBER Will Be The Listing Day If Market sentiment is negative there you will never get any GAINS !! Quote " It is surprising there is so little debate and worry about October 3. What is important about that date? It''s the day when market regulator SEBI’s seismic rule kicks in requiring all companies to declare their loan defaults to banks within one working day (The rule officially kicks in on October 1, but October 1 and 2 are trading holidays).

At the outset, it must be stated that this rule itself is a welcome revolution, a much-needed cleansing of the banking system and its nexus with corporate India. For too long now, there has been huge opacity in terms of how many companies are paying back their loans leading to the current accumulation of Non-performing assets (NPAs) or non- performing loans with banks. Had this rule been put in the books in 2010 or 2012, such an accumulation of NPAs may not have come to pass.

Also, there are those who believe that thanks to the AQR or the asset quality review by Reserve Bank of India in 2015, most of the big NPAs or defaults are well and widely known and hence starting October, nothing new is going to be revealed that can rattle the stock markets.

There are also others who believe that like the GST, there will be temporary disruptions, but things will settle down as those who default by a few days pay back and the fresh disclosure reassures markets.

The truth is most bankers, rating agencies, brokerages and companies are unsure how this will play out and some are terribly worried.

Here’s why.

Bankers say non-payment of interest to banks even by a day could lead rating agencies to immediately downgrade the bank facilities of these companies to "D". Bank loans to companies rated "D" in turn will have to be supported with higher risk capital. Given that banks are already facing the prospect of large need for capital to meet NPA and bankruptcy cases, this fresh onslaught can stretch them.

What is worse, once a company is rated "D", banks may even be unwilling to give them fresh loans since even these will attract higher risk capital. Hence, what may be a few days’ default for some innocuous reason may lead to stoppage of credit and hence stoppage of production for a longish period.

The SEBI rule comes at a particularly inopportune time when liquidity in the system is already very tight because of the Goods & Services Tax or the GST. Exporters haven’t got their Integrated GST (IGST) credits from the government because the network is still not fully functional. Further, companies have not got their input tax credit either which means a larger part of their working capital is locked up with the government as taxes.

With the cash situation already tight, the chances of hundreds even thousands of companies defaulting by a few days is very likely. And if their bank facilities are immediately rated "D" by the rating agencies, and the banks therefore refuse to lend additional credit, many companies can go out of business temporarily. Like under demonetisation and GST, some may not have the buffer to stay put and can go out of business permanently.

It is possible things may not play out so badly. Companies may borrow from their group companies and associates and avoid default, knowing the consequences. In many cases, it may only be a case of disciplining cash flows to pay on the 29th day, unlike the current processes which are designed to pay on the 89th day.

Also, some experts say most of the loans in India are given by banks on a cash credit basis, and the danger of default in these cases is low since companies rarely borrow up to their limit.

Some also argue that most of the stressed companies are already in SMA1 or SMA2 category. (SMA is special mention category; SMA1 comprises loans where interest has not been paid within 30 days, and SMA2 are those where interest is over due by over 60 days). Banks are already aware of these.

But some bankers say being aware of a stressed loan is not the same as having to provide additional risk capital for them. Starting October, they say, most banks can become even more averse to lending, and the aversion will start even as the “busy” season for business starts. In addition, companies barely recovering from demonetisation and GST may be unable to survive in the face of the fresh squeeze on capital.

All this may not happen, but perhaps the regulators – both SEBI and RBI – need to call bankers and rating agencies and ponder over how the rule may be actually implemented without killing the spirit of the rule or the businesses." Unquote.

http://www.moneycontrol.com/news/business/economy/beware-the-third-of-october-litmus-test-awaits-swachh-banks-mission-2389937.html