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SBI Life Insurance IPO is a book built issue of Rs 8,400.00 crores. The issue is entirely an offer for sale of 12 crore shares.
SBI Life Insurance IPO bidding started from September 20, 2017 and ended on September 22, 2017. The allotment for SBI Life Insurance IPO was finalized on Wednesday, September 27, 2017. The shares got listed on BSE, NSE on October 3, 2017.
SBI Life Insurance IPO price band is set at ₹685 to ₹700 per share. The minimum lot size for an application is 21 Shares. The minimum amount of investment required by retail investors is ₹14,700.
Axis Capital Limited, Bnp Paribas, Citigroup Global Markets India Private Limited, Deutsche Equities India Private Limited, ICICI Securities Limited, Jm Financial Limited, Kotak Mahindra Capital Company Limited and SBI Capital Markets Limited are the book running lead managers of the SBI Life Insurance IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to SBI Life Insurance IPO RHP for detailed information.
IPO Date | September 20, 2017 to September 22, 2017 |
Listing Date | October 3, 2017 |
Face Value | ₹10 per share |
Price Band | ₹685 to ₹700 per share |
Lot Size | 21 Shares |
Total Issue Size | 120,000,000 shares (aggregating up to ₹8,400.00 Cr) |
Offer for Sale | 120,000,000 shares of ₹10 (aggregating up to ₹[.] Cr) |
Issue Type | Book Built Issue IPO |
Listing At | BSE, NSE |
Share holding pre issue | 1,000,000,000 |
Share holding post issue | 1,000,000,000 |
SBI Life Insurance IPO offers 88,200,000 shares. 21,200,000 (24.04%) to QIB, 15,900,000 (18.03%) to NII, 37,100,000 (42.06%) to RII, 2,000,000 (2.27%) to employees. 1,766,666 RIIs will receive minimum 21 shares and (sNII) and (bNII) will receive minimum 294 shares. (in case of oversubscription)
Investor Category | Shares Offered | Maximum Allottees |
---|---|---|
Anchor Investor Shares Offered | - | NA |
QIB Shares Offered | 21,200,000 (24.04%) | NA |
NII (HNI) Shares Offered | 15,900,000 (18.03%) | |
Retail Shares Offered | 37,100,000 (42.06%) | 1,766,666 |
Employee Shares Offered | 2,000,000 (2.27%) | NA | Other Shares Offered | 12,000,000 (13.61%) | NA |
Total Shares Offered | 88,200,000 (100%) |
SBI Life Insurance IPO opens on September 20, 2017, and closes on September 22, 2017.
IPO Open Date | Wednesday, September 20, 2017 |
IPO Close Date | Friday, September 22, 2017 |
Basis of Allotment | Wednesday, September 27, 2017 |
Initiation of Refunds | Thursday, September 28, 2017 |
Credit of Shares to Demat | Friday, September 29, 2017 |
Listing Date | Tuesday, October 3, 2017 |
Cut-off time for UPI mandate confirmation | 5 PM on September 22, 2017 |
Investors can bid for a minimum of 21 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 21 | ₹14,700 |
Retail (Max) | 13 | 273 | ₹191,100 |
Lot Size Calculator |
Incorporated in 2000, SBI Life Insurance Company Limited is India based private life insurer. SBI Life Insurance is a joint venture between the State Bank and BNPPC. State Bank is India's largest commercial bank. BNPPC, an insurance subsidiary of BNP Paribas, with operations across 36 jurisdictions internationally, is among the leading credit life insurance businesses globally. BNP Paribas is in top 10 global financial institution in terms of revenue.
SBI Life has product a portfolio of 37 individual and group products, including a range of protection and savings products to address the insurance needs of diverse customer segments.
Company has developed a multi-channel distribution network comprising bank branches of SBI and its associated banks, individual agent network (93,849 agents) and other distribution channels including direct sales and sales through corporate agents, brokers, insurance marketing firms and other intermediaries.
SBI Life turned profitable within the first five years of our operations, and have declared dividends every year since 2012.
Competitive Strengths
1. Largest private life insurer in India since 2010.
2. Backed by SBI and BNPPC
3. Vast multi-channel distribution with pan-India presence (Branches, Agents and Online)
4. Strong capital base. Company has not required additional capital infusion since 2008.
5. Diversified product portfolio
Particulars | For the year/period ended (in Rs. million) | |||||
---|---|---|---|---|---|---|
31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | ||
Total Assets | 26,782.89 | 23,110.62 | 25,516.19 | 24,341.77 | 19,756.78 | |
Total Revenue | 302,775.13 | 191,197.24 | 231,864.86 | 173,694.22 | 149,755.25 | |
Profit After Tax | 9,546.53 | 8,441.03 | 8,148.67 | 7,277.53 | 6,301.12 |
The objects of the Offer are to achieve the benefits of listing Equity Shares on the Stock Exchanges and to carry out the sale of up to 120,000,000 Equity Shares by the Selling Shareholders.
[Dilip Davda] Life insurance sector is expected to fare better. Investment may be considered for long term. Read detail review...
The SBI Life Insurance IPO is subscribed 3.55 times on September 22, 2017 5:00:00 PM. The public issue subscribed 0.81 times in the retail category, 12.56 times in the QIB category, and 0.70 times in the NII category. Check Day by Day Subscription Details (Live Status)
Category | Subscription (times) |
---|---|
QIB | 12.56 |
NII | 0.70 |
Retail | 0.81 |
Employee | 1.02 |
Others | 0.38 |
Total | 3.55 |
Listing Date | October 3, 2017 |
BSE Script Code | 540719 |
NSE Symbol | SBILIFE |
ISIN | INE123W01016 |
Final Issue Price | ₹700 per share |
Price Details |
---|
Final Issue Price |
Open |
Low |
High |
Last Trade |
BSE |
---|
₹700.00 |
₹733.30 |
₹702.25 |
₹738.00 |
₹708.00 |
NSE |
---|
₹700.00 |
₹735.00 |
₹701.70 |
₹740.00 |
₹707.55 |
SBI Life Insurance Company Ltd
NATRAJ,
M. V. Road and Western Express Highway Junction,
Andheri (East), Mumbai 400 069
Phone: +91 22 6191 1000
Email: investor@sbilife.co.in
Website: https://www.sbilife.co.in/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/
Lead Manager Reports
SBI Life Insurance IPO is a main-board IPO of 120,000,000 equity shares of the face value of ₹10 aggregating up to ₹8,400.00 Crores. The issue is priced at ₹685 to ₹700 per share. The minimum order quantity is 21 Shares.
The IPO opens on September 20, 2017, and closes on September 22, 2017.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The SBI Life Insurance IPO opens on September 20, 2017 and closes on September 22, 2017.
SBI Life Insurance IPO lot size is 21 Shares, and the minimum amount required is ₹14,700.
You can apply in SBI Life Insurance IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for SBI Life Insurance IPO will be done on Wednesday, September 27, 2017, and the allotted shares will be credited to your demat account by Friday, September 29, 2017. Check the SBI Life Insurance IPO allotment status.
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