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SBI Life Insurance IPO – Price, Allotment, Listing, Subscription, GMP – Financial Matters

SBI Life Insurance IPO - Price, Allotment, Listing, Subscription, GMP

Established 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 biggest business bank. BNPPC, a protection backup of BNP Paribas, with operations crosswise over 36 wards universally, is among the leading credit life insurance businesses globally. BNP Paribas is in top 10 worldwide financial organization as far as income.

SBI Life has the product of portfolio of 37 individual and group products, including a range of security and saving products to address the protection needs of differing client sections.

The organization has built up a multi-channel appropriation arrange to contain bank offices of SBI and its related banks, singular agent network (93,849 operators) and other circulation channels including direct deals and deals through corporate agents, representatives, insurance marketing firms and different mediators.

SBI Life turned profitable within the first five years of its operations and has declared dividends every year since 2012.
State Bank and BNPPC is the Promoter of the Company.

SBI Life Insurance IPO details
Subscription Dates
20 – 22 September 2017
Price Band
RS. 685 – 700 per share
Fresh issue
NIL
Offer For Sale
120,000,000 shares (INR8,220 – 8,400 crore)
Total IPO size
120,000,000 shares (INR8,220 – 8,400 crore)
Min. bid (lot size)
21 shares
Face Value 
RS. 10 per share
Retail Allocation
35%
Listing On
NSE, BSE
Discount
A discount of Rs. 68 per Equity Share to Eligible Employees bidding in the Employee Reservation Portion

SBI Life Insurance financial performance (in INR crore)

SBI Life Insurance’s financial performance (in INR crore)
FY2013
FY2014
FY2015
FY2016
FY2017
Q1 FY2018
Premium earned
10345.3
10701.9
12780.0
15665.4
20852.5
3762.6
Profit after tax
630.1
727.8
814.9
844.1
954.7
313.4
EPS (INR)
6.3
7.3
8.2
8.4
9.6
3.1
SBI LIFE INSURANCE CONTACT DETAILS
SBI Life Insurance Company Ltd.
NATRAJ, MV Road and Western Express Highway Junction
Andheri (East)
Mumbai 400 069
Phone: +91 22 6191 1000
Fax: +91 22 6191 0338
Email: investor@sbilife.co.in
Website: www.sbilife.co.in
REGISTRAR OF SBI LIFE INSURANCE IPO
Karvy Computershare Pvt Ltd
Karvy Selenium Tower B, Plot 31-32,
Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana
Phone: +91 40 6716 2222 
Fax:
 +91 40 2343 1551 
Email:
 sbilife.ipo@karvy.com
Website: www.karvycomputershare.com

SBI Life Insurance IPO Subscription Details

Category
Shares offered
Subscription (no. of times) 
Day 1
Day 2
Day 3
QIB
NII
Retail
Total

SBI Life Insurance Latest Grey Market Premium (As On 19.09.2017)

IPO Name
Offer Price
Grey Market Premium
Kostak Rates
SBI Life Insurance
685-700
35-40
700-800

Listing Performance of SBI Life Insurance

IPO Opening Date: 20 September 2017
IPO Closing Date: 22 September 2017
Finalisation of Basis of Allotment: 27 September 2017
Initiation of refunds: 28 September 2017
Transfer of shares to demat accounts: 29 September 2017
Listing Date: 03 October 2017
Listing Price on NSE: To be updated
Closing Price on NSE: To be updated
Get daily updates of NSE India, ICICI Lombard Insurance, Matrimony, SBI Life Insurance, Dixon Technologies and Bharat Road Network IPO Grey Market Premium. Check latest IPO GMP today.

Note for the Investors: –
  1. Initial public offering Gray Market Premium (IPO GMP) specifies is legitimate for the particular date as specified in the header.
  2. We are not purchasing and offering IPO frames on IPO Gery Market.
  3. Kostak Rate is the top notch one gets by offering his/her IPO application (in an off-market exchange) to another person even before assignment or posting of the issue.
  4. Try not to subscribe for IPO by simply observing premium Price as it might change whenever before posting. Subscribe just considering Fundamental of the organizations.

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