SBI Life Insurance IPO Gets NOD From IRDA:
SBI Life Insurance IPO gets Irda approval and will become the second life insurer to be listed on bourses.
SBI Life Insurance IPO could be come country’s biggest insurance listing by value and size of the issue after parent SBI and its foreign partner Cardif said they are selling 12% through an IPO in the next few months.
“SBI Life has received in-principle approval from Irda,” said a source close to the matter. “Now they will be filing DRHP in coming weeks.”SBI Life could command a valuation of atleast Rs 70,000 crore when it lists given that it is the second-biggest private sector insurer.
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While Au Financiers IPO Grey Market Premium (AUFIL GMP) also started trading at Rs 104 – Rs 106 per equity.
Now Salasar Techno Engineering Ltd IPO (STEL IPO) bidding is going to be active from July 12, 2017. Current Grey Market Premium (GMP) Of Salasar Techno Engineering Ltd (STEL) IPO is not active as of now.
Some SME IPO will also be active in market in coming week.
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