SBI Life Insurance Company Ltd IPO
Mainboard
₹ 14700 /21 Shares
20 Sep, 2017
Open Date22 Sep, 2017
Close Date28 Sep, 2017
Allotment Date03 Oct, 2017
Listing DateIPO Issue Details
- Issue Price Rs 685 - Rs 700 Per Equity Share (Rs 68 discount for eligible employees on offer price)
- Face Value Rs 10 Per Equity Share
- Issue Price 12,00,00,000 Equity Shares of Rs 10 aggregating up to Rs 8400 Cr
- Listing at BSE, NSE
- Lead Manager Axis Capital Limited, BNP Paribas, Citigroup Global Markets India Private Limited, Deutsche Equities India Private Limited, ICICI Securities Limited, JM Financial Consultants Private Limited, Kotak Mahindra Capital Company Limited and SBI Capital Markets Limited
- Registrar Karvy Computershare Private Limited
IPO Details
- Retail Portion N/A
IPO Details
The IPO of is priced at ₹685 - 700 per equity share, which has a face value of Rs 10 Per Equity Share each, IPO bidding starts from Sep 20, 2017 and ends on Sep 22, 2017. The allotment for IPO will be finalized on Sep 28, 2017. IPO will be listed on BSE, NSE, with a tentative listing date fixed as Oct 3, 2017. The company shall list its equity shares on the BSE, NSE. Karvy Computershare Private Limited is the registrar of the issue.
The book-running lead manager for the IPO is/are Axis Capital Limited, BNP Paribas, Citigroup Global Markets India Private Limited, Deutsche Equities India Private Limited, ICICI Securities Limited, JM Financial Consultants Private Limited, Kotak Mahindra Capital Company Limited and SBI Capital Markets Limited.
The IPO sets its price band at 685 - 700 for each share. A single application for SBI Life Insurance Company Ltd IPO must contain at least 21 shares.
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IPO Subscription Analysis And Details
| As on | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 21,200,000 | 15,900,000 | 37,100,000 | 88,200,000 |
|
Day 1
20-09-17
|
0.06 x | 0.01 | 0.16 x | 0.09 x |
|
Day 2
21-09-17
|
1.58 x | 0.08 | 0.37 x | 0.57 x |
|
Day 3
22-09-17
|
12.56 x | 0.70 | 0.81 x | 3.55 x |
Valuations
IPO - Issue Objectives
Achieve the benefits of listing Equity Shares on the Stock Exchanges
Carry out the sale of up to 120,000,000 Equity Shares by the Selling Shareholders
IPO - FAQs
Ans. SBI Life Insurance Company Ltd IPO is a Mainboard IPO. The issue is priced at Rs 685 - Rs 700 Per Equity Share (Rs 68 discount for eligible employees on offer price). The minimum order quantity is 21 Shares. The IPO opens on Sep 20, 2017, and closes on Sep 22, 2017. Karvy Computershare Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Ans. The SBI Life Insurance Company Ltd IPO opens on Sep 20, 2017 and closes on Sep 22, 2017.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of SBI Life Insurance Company Ltd IPO is 12,00,00,000 Equity Shares of Rs 10 aggregating up to Rs 8400 Cr .
Ans. The SBI Life Insurance Company Ltd IPO price band is set between Rs 685 - Rs 700 Per Equity Share (Rs 68 discount for eligible employees on offer price).
Ans. To apply for SBI Life Insurance Company Ltd IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find SBI Life Insurance Company Ltd IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of SBI Life Insurance Company Ltd IPO is Sep 28, 2017.
Ans. The SBI Life Insurance Company Ltd IPO will be listed on Oct 3, 2017.
Ans. Follow the steps to check the SBI Life Insurance Company Ltd IPO allotment status online.
