September 20, 2017 - September 22, 2017

SBI Life Insurance IPO Subscription Details

SBI Life Insurance IPO Subscription Status Live

SBI Life Insurance IPO subscribed 3.55 times. The public issue subscribed 0.81 times in the retail category, 12.56 times in QIB, and 0.70 times in the NII category by September 22, 2017 (Day 3).

Investor Category	Subscription (times)	Shares Offered
Qualified Institutions	12.56	21,200,000
Non-Institutional Buyers	0.70	15,900,000
Retail Investors	0.81	37,100,000
Employees	1.02	2,000,000
Others	0.38	12,000,000
Total	3.55	88,200,000

Disclaimer: *The total amount is calculated based on the final issue price or the price in the upper price range.

SBI Life Insurance IPO (Day-wise) Subscription Details (times)

Date	QIB	NII	Retail	EMP	Other	Total
Day 1 September 20, 2017	0.06	0.01	0.16	0.18	0.05	0.09
Day 2 September 21, 2017	1.58	0.08	0.37	0.45	0.11	0.57
Day 3 September 22, 2017	12.56	0.70	0.81	1.02	0.38	3.55

SBI Life Insurance IPO Shares Offered

SBI Life Insurance IPO is a public issue of 88,200,000 equity shares. The issue offers 37,100,000 shares to retail investors, 21,200,000 shares to qualified institutional buyers, and 15,900,000 shares to non-institutional investors.

Category	Shares Offered	Amount (Rs Cr)	Size (%)
QIB	21,200,000	1,484.00	24.04%
NII	15,900,000	1,113.00	18.03%
Retail	37,100,000	2,597.00	42.06%
Employee	2,000,000	140.00	2.27%
Others	12,000,000	840.00	13.61%
Total	88,200,000	6,174.00	100%

IPO Investor Categories

Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes of insurance companies, and pension schemes.
Non-Institutional Investors(NII)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc who bid for shares worth more than Rs 2 lakhs are known as Non-institutional bidders (NII). Unlike QIB bidders, they do not need SEBI registration.
NII category has two subcategories:
1. sNII (bids below Rs 10L)
  The Small NII category is for NII investors who bid for shares between Rs 2 lakhs to Rs 10 lakhs. The 1/3 of NII category shares are reserved for the Small NII sub-category. This subcategory is also known as Small HNI (sHNI).
2. bNII (bids above Rs 10L)
  The Big NII category is for NII investors who bid for shares worth more than Rs 10 Lakhs. The 2/3 of NII category shares are reserved for the Big NII subcategory. This subcategory is also known as Big HNI (bHNI).
Retail Individual Investors(RII)
The retail individual investor or NRIs who apply up to Rs 2 lakhs in an IPO are considered as RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
A category of eligible shareholders or other investors who have a reserved quota in the IPO.

What is the difference between RII, NII, QIB and Anchor Investor?

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SBI Life Insurance IPO Subscription FAQs

The SBI Life Insurance IPO is subscribed 3.55 by September 22, 2017.