After ICICI Prudential Life Insurance listed on the stock exchange last year, SBI Life Insurance will soon become the second in the insurance space to go public, and most probably the largest IPO in the insurance space.
The company is soon coming out with an Initial Public Offer (IPO) …..
I am sure in the current BULL RUN, small and medium investors are running after all IPO’s to get good listing gains !!!
After good response to recent issues like D-Mart, HUDCO, CDSL, AU Small Finance Bank, etc, investors would be eagerly waiting for SBI Life Insurance IPO….
SBI Life IPO to hit the market soon with 7500-8500 crore size. The company is valued around Rs.65000-70000 crore.
Company has received IRDA approval for its IPO.
I am sure you might be searching for all details about SBI Life Insurance IPO.
SBI Life Insurance Company Profile :
SBI Life Insurance is a joint venture life insurance company between State Bank of India (SBI), the largest state-owned banking and financial services company in India, and BNP Paribas Cardiff.
SBI owns 70.1% of the total capital and BNP Paribas Cardiff 26% of the capital. Other investors are Value Line Pte. Ltd. and MacRitchie Investments Pte. Ltd., holding 1.95% of the total capital each.
SBI Life Insurance also features in the Fortune Global 500 list of the world’s biggest corporations.
SBI Life reported a net profit of Rs 955 crore in 2016/17, a growth of 13 percent compared to the previous year’s net profit of Rs 844 crore.
As of June 30, 2017, SBI Life had a product portfolio of 37 individual and group products, including a range of protection and savings products to address the insurance needs of diverse customer segments.
SBI Life Insurance Promoters:
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SBI Life Insurance IPO Detail :
Issue Open: Yet to be Announced
Issue Type: Book Built Issue IPO
Issue Size: Yet to be Announced
Face Value: Rs 10 Per Equity Share
Issue Price: Yet to be Announced
Market Lot: Yet to be Announced
Minimum Order Quantity: Yet to be Announced
Listing At: BSE, NSE
Important Dates of SBI Life Insurance IPO :
Bid/Offer Opens On: Yet to be Announced
Bid/Offer Closes On: Yet to be Announced
Finalisation of Basis of Allotment: Yet to be Announced
Initiation of refunds: Yet to be Announced
Credit of Equity Shares to demat accounts: Yet to be Announced
Commencement of trading of the Equity Shares on the Stock Exchanges: Yet to be Announced
IPO Issue Allocation :
- Qualified institutional buyers (QIBs) – 75% of the offer.
- Non-institutional bidders – 15% of the offer.
- Retail individual bidders – 10% of the offer.
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Grey Market Premium (GMP) of SBI Life Insurance :
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Company Contact Information :
SBI Life Insurance Co. Ltd
Natraj, M.V. Road & Western Express Highway Junction
Mumbai – 400 069.
SBI Life Insurance IPO Registrar :
KARVY COMPUTERSHARE PRIVATE LIMITED
Karvy Selenium Tower B, Plot 31-32,
Gachibowli, Financial District,
Hyderabad – 500 032, Telangana, India
Tel: +91 40 6716 2222
Fax: +91 40 2343 1551
SBI Life Insurance IPO Lead Manager(s) :
- Axis Capital Limited
- BNP Paribas
- Citigroup Global Markets India Private Limited
- Deutsche Equities India Private Limited
- ICICI Securities Limited
- Kotak Mahindra Capital Company Limited
- JM Financial Institutional Securities Limited
- SBI Capital Markets Limited
SBI Life Insurance IPO Allotment Status :
You would be able to check the allotment status i.e., whether you have got the shares of SBI Life Insurance or not by vising the website of Registrar of the Issue which in this case is KARVY COMPUTERSHARE PRIVATE LIMITED.
Check SBI Life Insurance IPO Allotment Status @ Check SBI Life Insurance IPO Allotment Online