SBI Share holders can apply in both normal retail and shareholders category, both bids will not be considered as multiple bids. Just now placed 1-1 bid in both categories.
I have applied for 2 lots in shareholders category thru Kotak Bank. When I''m trying to apply for 2 lots in Retail Category an error message is coming in Kotak Bank "Multiple Applications not allowed in an IPO SBILIFE for same client ID"
When you apply through your demat account, you will get a confirmation mail for your application. If your application is 28.09 else money held for application will be refunded or released.
Since ipo volume is huge, what is probability of getting a lot with lower bid value I.e. 685 instead of 700??? ICICI was fully subscribed only on 3rd day under retail category...
retail investor can apply more than 2 lakhs into two different IPO.
Such as ICICI GEN RS. 1 Lakhs & SBI life 1.5 Lakhs = Total 2.5 Lakhs
any one can reply
193.1. PSR| Link| Bookmark|
September 20, 2017 12:43:10 PM
IPO Guru (1200+ Posts, 700+ Likes)
Yes. But ensure that the amount do not exceed Rs.2,00,000 in any of the issue. To be specific, you can invest in any numbder of issues, as a retailer, for an amount not exceeding Rs. 2,00,000 in each issue.
192. KING VINOD| Link| Bookmark|
September 20, 2017 12:30:10 PM
IPO Guru (2400+ Posts, 5300+ Likes)
SBI Life Insurance Company Limited IPO Issue Date: 20 Sep to 22 Sep. Price Band: Rs: 685 to Rs: 700. Minimum Lot Size: 21 Allotment / Unblock of Funds: 28 Sep Credit of Shares in Demat Account: 29 Sep Commencement of Trading: 03 Oct.
If one employee applies through employee quota to the maximum limit i.e. up to Rs.200,000/- and another employee applies for one lot i.e. minimum application. Will both get equal chance of allotment as Individual investor category ? Pl advise correctly.
I am new in this field.. I want to know something.. My father-in-law working in SBI bank.. He don''''t have demat account. What things need when we apply in employee category? Can I apply using his details?
SBI life ipo is one of many scam like activities , including worst execution of demo ,GST, promotion of cistliest solarvphotovoltaic ,bullet train ,ujjwala and many other jumla like projects done by a self proclaimed most honest government . How shares of SBI life can be sold at 3 year average PE of 80 when the shares of good indexed companies are available at whooping 3.5 times less valuation .Issue will benefit only state bank of india and videshi BNPPC and will cause massive loss to all its subscribers including bail out players like LIC and others. Will the self proclaimed most honest person on earth will scrap or postpone these scams. Thanks alok swadeshi
SBI Life Insurance Company (SBI Life) on Wednesday said it has finalised the allocation of 3.18 crore equity shares aggregating to Rs 2,226 crore to 69 anchor investors.
Kuwait Investment Authority, Canada Pension Plan Investment Board, Aranda Investment Pte Ltd, Abu Dhabi Investment Authority are Mutual Funds !!! These are listed in the circular by SBI Life Insurance in their Anchor Investor list which states 40% of the "No. of Equity shares allocated as a percentage of Equity shares available for allocation under Anchor Investor Portion (%) "
Issue size is 120,000,000 - 50% is for QIB (Including Anchor Investor), 15% is for HNI & Balance 35% is for Retail.
Money control says 31,800,000 Shares are allotted to Anchor Investor while the Anchor Investor list of SBI says they''ve allotted only 12,715,752 Shares.
Notice No 20170920-1 Notice Date 20 Sep 2017 Category Company related Segment Equity Subject Public Issue of SBI Life Insurance Company Limited - Allocation to Anchor Investors Content Trading Members of the Exchange are hereby informed that, under Anchor Investors (AIs) portion in the Public Issue of SBI Life Insurance Company Limited, 31,800,000 equity shares have been subscribed today by 69 AIs at Rs. 700/- per equity share. A copy of the Announcement dated September 19, 2017 issued by the Company in this regard is enclosed herewith for your reference. Rupal Khandelwal Manager
181. P M| Link| Bookmark|
September 20, 2017 10:38:31 AM
(1100+ Posts, 1100+ Likes)
Eligible Employees (SBI Life & SBI Bank Employees are eligible) - Page#7 RHP
Pursuant to Regulation 42 of the SEBI Regulations, all or any of the following: (a) a permanent and full time employee of our Company and our Promoter (State Bank) (excluding such employees who are not eligible to invest in the Offer under applicable laws) as of the date of filing of this Red Herring Prospectus with the RoC and who continues to be an employee of our Company and our Promoter (State Bank), until the submission of the Bid cum Application Form; and (b) a Director of our Company who is eligible to apply under the Employee Reservation Portion under applicable law and is resident in India as on the date of filing of this Red Herring Prospectus with the RoC and who continues to be a Director of our Company, until the submission of the Bid cum Application Form