Apply IPO

Lets Talk About Applying IPO's Before investing.

SBI Life Insurance Company Ltd IPO Details

SBI Life Insurance Company Ltd IPO Details:

SBI Life Insurance Company Ltd operates as a private life insurance company in India. The company offers individual life insurance products, such as participating, non-participating protection, and other non-participating and unit-linked products comprising child, retirement/pension, protection, and savings plans, as well as cover for disability, illnesses, and death due to accident.

It provides individual life insurance products to women, married couples, and high net worth individuals.

The company also offers group life products, including credit life group protection products for banks, financial institutions, or other groups or associations; life insurance coverage to a group of individuals; fund based group insurance plans to fund employees’ benefit schemes, including gratuity, superannuation, and leave encashment; and other group products, such as annuity plans for corporate clients and other informal groups.

SBI Life Insurance Company Ltd offers its products through multi-channel distribution network comprising a bancassurance channel, including State Bank of India and an individual agent network; and other distribution channels, such as direct sales, as well as sales through corporate agents, brokers, insurance marketing firms, and other intermediaries.

The company was incorporated in 2000 and is based in Mumbai, India. SBI Life Insurance Company Ltd is a subsidiary of State Bank of India.

OBJECTS OF THE ISSUE:

The objects of the Offer are to:

  1. Achieve the benefits of listing Equity Shares on the Stock Exchanges.
  2. To carry out the sale of up to 120,000,000 Equity Shares by the Promoter Selling Shareholders.
  3. The listing of Equity Shares will enhance the “SBI Life” brand name.
  4. Provide liquidity to the existing Shareholders.
  5. The listing will also provide a public market for Equity Shares in India.

SBI Life Insurance Company Ltd IPO (SBI Life Insurance IPO) Details:

  1. Issue Open: Sep 20, 2017 – Sep 22, 2017
  2. Issue Type: Book Built Issue IPO
  3. Face Value: Rs 10 Per Equity Share
  4. Issue Size: 120,000,000 Equity Shares of Rs 10 aggregating up to Rs 8400 Cr
  5. Issue Price: Rs 685 – Rs 700 Per Equity Share
  6. Market Lot: 21 Shares
  7. Minimum Order Quantity: 21 Shares
  8. Listing At: BSE, NSE

* To Be Updated

BOOK RUNNING LEAD MANAGERS Of SBI Life Insurance Company Ltd IPO (SBI Life Insurance IPO):

JM Financial Institutional Securities Limited
7th Floor, Cnergy, Appasaheb Marathe Marg
Prabhadevi, Mumbai 400 025
Tel: (91 22) 6630 3030 Fax: (91 22) 6630 3330
E-mail: sbilife.ipo@jmfl.com
Investor grievance email: grievance.ibd@jmfl.com

Axis Capital Limited
1st floor, Axis House, C 2 Wadia International Centre
Pandurang Budhkar Marg, Worli, Mumbai – 400 025
Tel: (91 22) 4325 2183 Fax: (91 22) 4325 3000
Email: sbilife.ipo@axiscap.in
Investor grievance email: complaints@axiscap.in

BNP Paribas
BNP Paribas House
1 North Avenue, Maker Maxity, Bandra-Kurla Complex
Bandra (East), Mumbai 400 051
Tel: (91 22) 3370 4000 Fax: (91 22) 6196 5194
Email: dl.ipo.sbilife@asia.bnpparibas.com
Investor grievance email: indiainvestors.care@asia.bnpparibas.com

Citigroup Global Markets India Private Limited
1202, 12th Floor, First International Financial Center
G-Block Bandra Kurla Complex
Bandra East, Mumbai 400 098
Tel: (91 22) 6175 9999  Fax: (91 22) 6175 9961
Email: sbi.life.ipo@citi.com
Investor grievance email: investors.cgmib@citi.com

Deutsche Equities India Private Limited
The Capital, 14th floor, C -70, G Block, Bandra Kurla Complex
Mumbai 400 051
Tel: (91 22) 7180 4444  Fax: (91 22) 7180 4199
Email: sbilife.ipo@db.com
Investor grievance email: db.redressal @db.com

ICICI Securities Limited
ICICI Center, H.T. Parekh Marg
Churchgate, Mumbai 400 020
Tel: (91 22) 2288 2460 Fax: (91 22) 2282 6580
Email: sbilife.ipo@icicisecurities.com
Investor grievance email: customercare@icicisecurities.com

Kotak Mahindra Capital Company Limited
1st Floor, 27 BKC, Plot No. 27, “G” Block, Bandra Kurla
Complex, Bandra (East), Mumbai 400 051
Tel: (91 22) 4336 0000 Fax: (9122) 6713 2447
Email: sbilife.ipo@kotak.com
Investor grievance email: kmccredressal @kotak.com

SBI Capital Markets Limited
202, Maker Tower ‘E’, Cuffe Parade
Mumbai 400 005
Tel: (91 22) 2217 8300 Fax: (91 22) 2218 8332
Email: sbilife.ipo@sbicaps.com
Investor grievance email: investor.relations@sbicaps.com

REGISTRAR TO THE OFFER of SBI Life Insurance Company Ltd IPO (SBI Life Insurance IPO):

Karvy Computershare Private Limited
Karvy Selenium Tower B, Plot 31-32 Gachibowli,
Financial District Nanakramguda, Hyderabad 500 032
Tel: (91 40) 6716 2222;  Fax: (91 40) 2343 1551
Email: einward.ris@karvy.com;
Investor grievance email: sbilife.ipo@karvy.com;

SBI Life Insurance Company Ltd IPO (SBI Life Insurance IPO) Draft Red Herring Prospectus (DRHP):

SBI Life Insurance Company Ltd (SBI Life Insurance) IPO Prospectus

Red Herring Prospectus (RHP) Of SBI Life Insurance Company Ltd IPO (SBI Life Insurance IPO):

SBI Life Insurance Company Ltd (SBI Life Insurance) IPO Prospectus

Day Wise SBI Life Insurance Company Ltd IPO (SBI Life Insurance IPO) Subscription Figures:

SBI Life Insurance Company Ltd (SBI Life Insurance) IPO Subscription Details
CategoryTotal Quota
(No. of Shares offered)
Subscription (No. of times Subscribed)
Day 1Day 2Day 3
Qualified Institutional Buyers (QIBs)212000000.061.58 12.56
Non Institutional Investors (NIIs) 159000000.010.080.70
Retail371000000.160.370.83
Employees 20000000.18 0.451.03
Shareholders 120000000.050.110.38
Total 882000000.090.58 3.57

SBI Life Insurance Company Ltd IPO (SBI Life Insurance IPO) Allotment and Listing Dates Schedule:

  • 19/Sep/17 – Anchor Investor Bidding
  • 20/Sep/17 – Bid/Offer Opening Date
  • 22/Sep/17 – Bid/Offer Closing Date
  • 27/Sep/17 – Finalisation of Basis of Allotment
  • 28/Sep/17 – Unblocking of Funds from ASBA Account
  • 29/Sep/17 – Credit of Equity Shares to Demat Account
  • 03/Oct/17 – Commencement of Trading on NSE/BSE

* To Be Updated

SBI Life Insurance Company Ltd IPO (SBI Life Insurance IPO) Grey Market Premium (GMP):

Current Grey Market Premium (GMP) Of SBI Life Insurance Company Ltd IPO is trading at Rs 23 – Rs 25 per equity share.

How To Check SBI Life Insurance Company Ltd IPO (SBI Life Insurance IPO) Application Status:

To clear that doubt and to check SBI Life Insurance Company Ltd (SBI Life Insurance) IPO application status just use the below links and you can check it as follow:

Check SBI Life Insurance Company Ltd (SBI Life Insurance) IPO Application Status at BSE:  BSE Website

Check SBI Life Insurance Company Ltd (SBI Life Insurance) IPO Application Status at NSE NSE Website

To Check SBI Life Insurance Company Ltd IPO (SBI Life Insurance IPO) Application Status:

  1. Click on Links provided above
  2. Select SBI Life Insurance Company Ltd IPO (SBI Life Insurance IPO) from the drop Down Menu.
  3. Provide your PAN Number.
  4. Provide your Application Number.
SBI Life Insurance Company Ltd IPO (SBI Life Insurance IPO) Allotment Status:

To Check SBI Life Insurance Company Ltd (SBI Life Insurance) IPO Allotment Status : Click Here

  1. Select SBI Life Insurance Company Ltd IPO (SBI Life Insurance IPO) from the first drop Down Menu
  2. Select PAN Card from the second drop Down Menu
  3. Provide your PAN Number.

Market Update:

If You Want to Reduce Your Brokerage By More Than 80% Just Get More Information Here: Save More Than 80% Brokerage.

Now Apex Frozen Foods Ltd IPO (AFFL IPO) also lists at 21% Premium.

Bharat Road Network Ltd IPO (BRNL IPO) is closed now. Now Bharat Road Network IPO Allotment and Listing will be in process.

Bharat Road Network Ltd (BRNL) IPO Grey Market Premium (GMP) is trading at Rs 13 – Rs 15 per equity share.

Dixon Technologies India Ltd IPO (DTIL IPO) bidding is successfully closed now. Now Dixon Technologies India IPO Allotment and Listing will be in process

Dixon Technologies India Ltd (DTIL) IPO Grey Market Premium (GMP) is trading between Rs 600 – Rs 620 per equity share.

While Matrimony.com Ltd IPO (Matrimony IPO) bidding is going to be active from September 11, 2017 – September 13, 2017. Matrimony.com IPO Grey Market Premium (GMP) is trading between Rs 20 – Rs 25 per equity share.

Capacit’e Infraprojects Ltd IPO (CIL IPO) bidding going to start from September 13, 2017 – September 15, 2017. Capacit’e Infraprojects Ltd (CIL) IPO Grey Market Premium (GMP) is trading between Rs 122 – Rs 124 per equity share.

ICICI Lombard General Insurance Company IPO is going to be active in market from September 15, 2017 – September 19, 2017. ICICI Lombard IPO Grey Market Premium (GMP) is trading between Rs 65 – Rs 67 per equity share.

Some SME IPO will also be active in market in coming week.

This year we can see some good IPO hitting market like NSE Ltd IPOHDFC Standard life insuranceSBI life insurance IPO etc.

Keep watching this blog to keep yourself updated with all the news.

If you want all updates delivered to your email box just subscribe for the updates. We also hate spam so we are not going to share your details with anyone. So Just Subscribe and forget the tension of tracking the IPO’s. We will do it for you.

If you like to have a Chance to Win a Smart Phone just Like and share us.

Leave a Reply

Your email address will not be published. Required fields are marked *

Apply IPO © 2017