SBI Life Insurance Company Ltd IPO Details – Date, Company Profile, Allotment, Listing

SBI Life Insurance Company Ltd IPO Details – Date, Company Profile, Allotment, Listing

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SBI Life Insurance Company Ltd

Issue Period-20SEP–22SEP, 2017                             Issue Size-120,000,000EqShares (Rs.8,400.00cr)

Issue Price-Rs.685-Rs.700per Eq Share                   Market Lot-21Equity Shares

Face Value-Rs 10per Eq Share                                     Listing at-BSE, NSE

COMPANY PROFILE

Incorporated 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 largest commercial bank. BNPPC, an insurance subsidiary of BNP Parib as, with operations across 36 jurisdictions internationally, is among the leading credit life insurance businesses globally. BNP Parib
as is in top 10 global financial institution in terms of revenue. and liability insurance through multiple distribution channels.

SBI Life has product a portfolio of 37 individual and group products

1. Largest private life insurer in India since 2010.
2. Backed by SBI and BNPPC
3. Vast multi- channel distribution with pan-India
presence (Branches, Agents and Online)
4. Strong capital base. Company has not required additional capital infusion since 2008.
5. Diversified product portfolio.

THE OBJECT OF THE ISSUE

The objects of the Offer are to achieve the benefits of listing Equity Shares on the Stock Exchanges and to carry out the sale of up to 120,000,000 Equity Shares by the Selling Shareholders.

You can also read more about: Prataap Snacks Limited IPO Details

OUR RECOMMENDATION

QIB (more than Rs/-200,000/-)                                         50% of Net Issue size

Non-Institutional(more than Rs/-200,000/-)                  15% of Net Issue size

Retail(up to Rs/-200,000/-)                                                 35%of Net Issue size

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