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SBI Life IPO Can Hit Market Soon Next Year

SBI Life IPO Can Hit Market Soon Next Year:

State Bank of India (SBI) can make its insurance arm SBI Life a public company and can get it listed in market. As per sources they are targeting next financial year that is 2017-18 to get it listed on stock exchange.

State Bank of India (SBI) is looking to sell 5 percent stake in its life insurance arm SBI Life. The country’s largest bank owns 74 percent in SBI Life while its foreign partner BNP Paribas owns 26 percent.

The stake sale will help infuse funds into the bank’s balance sheet and help it discover price for a potential IPO for SBI Life. Currently, the insurer could be valued at Rs 30,000 crore though merchant bankers will be appointed to come up with a value.

SBI is currently talked to private-equity investors and institutions for the stake sale. This value can be indicative value for the IPO also.

Market Update:

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Endurance Technologies IPO (Endurance Tech IPO) bidding has already start from October 05, 2016.

While Varun Beverages IPO tentative dates are October 18, 2016 – October 20, 2016. In between PNB Housing Finance IPO can also hit market in October month.

While lot of SME IPO’s are going to be active in current week.

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

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Endurance Technologies IPO (Endurance Tech IPO) Grey Market Premium (GMP) is between Rs 70 – Rs 72 per equity share. While  Varun Beverages IPO Grey Market Premium (GMP) is between Rs 35 – Rs 38 per equity share.

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  1. Sri Sairam Subhayatra

    Good info. This site has lots of information. Thanks for sharing your views.

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