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SBI Life Insurance Company Ltd IPO

Add to Calendar 2017-09-20 12:00 AM 2017-09-22 12:00 AM Asia/Kolkata SBI Life Insurance Company Ltd IPO SBI Life Insurance Company Ltd India

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

 

Issue Detail

  • Issue Open: Sep 20, 2017
  • Issue Close: Sep 22, 2017
  • Issue Type: Book Built Issue IPO
  • Face Value: Rs 10 Per Equity Share
  • Price Band: Rs 685 - Rs 700 Per Equity Share
  • Bid Lot:21 Shares
  • Minimum Order Quantity:21 Shares
  • Listing At: BSE, NSE
  • Issue Size: • Rs 8,400.00 Cr

Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & Time QIB NII RII Employee Others Total
Shares Offered / Reserved 21,200,000 15,900,000 37,100,000 2,000,000 12,000,000 88,200,000
Day 1 - Sep 20, 2017IST 0.0600 0.0100 0.1600 0.1800 0.0500 0.0900
Day 2 - Sep 21, 2017IST 1.5827 0.0820 0.3740 0.4472 0.1134 0.5744
Day 3 - Sep 22, 2017IST 12.5599 0.6963 0.8060 1.0219 0.3753 3.5537

Listing Day Trading Information

- BSE NSE
Issue Price Rs 700.00 Rs 700.00
Open Rs 733.30 Rs 735.00
Low Rs 702.25 Rs 701.70
High Rs 738.00 Rs 740.00
Last Trade Rs 708.00 Rs 707.55
Volume 4,962,943 35,367,877

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