SBI Life Insurance Company Ltd IPO

SBI Life Insurance Company Ltd

Issue Open

Sep 20, 2017

Price Band

₹ 685 - ₹ 700

Issue Size

₹ 8,400.00 Cr

Credit of Shares to Demat

-

Issue Close

Sep 22, 2017

Bid Lot

21

Listing Exchange

BSE, NSE

Cut off time for UPI Mandate Confirmation

-

Issue Type

Book Built Issue IPO

Minimum Order Quantity

21

Allotment Details

-

Face Value

Rs 10 Per Equity Share

Listing On

Oct 03, 2017

Refunds

-

About the company:

Introduction: SBI Life Insurance company is a private life insurer and having a JV with BNPPC(BNP Paribas subsidiary). SBI life is leveraging its multi channel distribution network to conduct sale of policies.

Date of Establishment: Company was formed in the year 2000.

Product & Service Offering: SBI Life has a portfolio of 37 individual and group products. The product range includes both protection and savings to tackle the insurance needs of customers.  

Customer Segment: The company serves retail customers as well as group policies through its distribution network

Promoters of SBI Life: The company is managed by State Bank and BNPPC.

Objects of the Issue: The object of the issue is to

      i) leverage the benefits of getting listed on exchanges

      ii) providing easy exit to current investors.

Company Financials:

Summary of financial Information
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

 

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