SBI Life Insurance Company Ltd IPO
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:
| 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
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Issue Size:
Rs 8,400.00 Cr
Current Bidding Status
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Easy & quick