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

Sep 20, 2017 - Sep 22, 2017

Incorporated in 2000, SBI Life Insurance Company Limited is India based private life insurer. SBI Life Insurance is a joint venture between the State Bank and BNPPC. State Bank is India's largest commercial bank. BNPPC, an insurance subsidiary of BNP Paribas, with operations across 36 jurisdictions internationally, is among the leading credit life insurance businesses globally. BNP Paribas is in top 10 global financial institution in terms of revenue.
SBI Life has product a portfolio of 37 individual and group products, including a range of protection and savings products to address the insurance needs of diverse customer segments.

Company has developed a multi-channel distribution network comprising bank branches of SBI and its associated banks, individual agent network (93,849 agents) and other distribution channels including direct sales and sales through corporate agents, brokers, insurance marketing firms and other intermediaries.

SBI Life turned profitable within the first five years of our operations, and have declared dividends every year since 2012.

Competitive Strengths

1. Largest private life insurer in India since 2010.
2. Backed by SBI and BNPPC
3. Vast multi-channel distribution with pan-India presence (Branches, Agents and Online)
4. Strong capital base. Company has not required additional capital infusion since 2008.
5. Diversified product portfolio

Company Promoters:

The Promoters of the Company are State Bank and BNPPC.

Company Financials:

Summary of financial Information
Particulars For the year/period ended (in Rs. million)
31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13
Total Assets 26,782.89 23,110.62 25,516.19 24,341.77 19,756.78
Total Revenue 302,775.13 191,197.24 231,864.86 173,694.22 149,755.25
Profit After Tax 9,546.53 8,441.03 8,148.67 7,277.53 6,301.12

Objects of the Issue:

The objects of the Offer are to achieve the benefits of listing Equity Shares on the Stock Exchanges and to carry out the sale of up to 120,000,000 Equity Shares by the Selling Shareholders.

Issue Detail:

  »»  Issue Open: Sep 20, 2017 - Sep 22, 2017
  »»  Issue Type: Book Built Issue IPO
  »»  Issue Size: 120,000,000 Equity Shares of Rs 10 aggregating up to Rs 8,400.00 Cr
    ›  Offer for Sale of 120,000,000 Equity Shares of Rs 10 aggregating up to Rs [.] Cr
  »»  Face Value: Rs 10 Per Equity Share
  »»  Issue Price: Rs 685 - Rs 700 Per Equity Share
  »»  Market Lot: 21 Shares
  »»  Minimum Order Quantity: 21 Shares
  »»  Listing At: BSE, NSE

SBI Life Insurance IPO Reviews:

  1. SBI Life Insurance Company Ltd IPO review by Dilip Davda

SBI Life Insurance IPO Recommendations:

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Issue Subscription Detail / Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & TimeQIBNIIRIIEmployeeOthersTotal
Shares Offered / Reserved21,200,00015,900,00037,100,0002,000,00012,000,00088,200,000
Day 1 - Sep 20, 2017 17:00 IST0.06000.01000.16000.18000.05000.0900
Day 2 - Sep 21, 2017 17:00 IST1.58270.08200.37400.44720.11340.5744
Day 3 - Sep 22, 2017 17:00 IST12.55990.69630.80601.02190.37533.5537

SBI Life Insurance IPO Prospectus

SBI Life Insurance IPO Rating

1524
4.1
Rating:Rated 4.1 stars

Vote Here ...

SBI Life Insurance IPO Listing Date

  •   ›  Listing Date: Tuesday, October 3, 2017
  •   ›  BSE Script Code: 540719
  •   ›  NSE Symbol: SBILIFE
  •   ›  Listing In: B Group of Securities
  •   ›  ISIN: INE123W01016
  •   ›  Issue Price: Rs 700 Per Equity Share
  •   ›  Face Value: Rs 10 Per Equity Share

Listing Day Trading Information

.
Issue Price:
Open:
Low:
High:
Last Trade:
Volume:
BSE
Rs 700.00
Rs 733.30
Rs 702.25
Rs 738.00
Rs 708.00
4,962,943
NSE
Rs 700.00
Rs 735.00
Rs 701.70
Rs 740.00
Rs 707.55
35,367,877

SBI Life Insurance IPO News Alerts

  1. Tuesday, October 3, 2017 12:00:00 AM
    SBI Life Insurance Company Ltd IPO - Listing
  2. Thursday, September 28, 2017 12:00:00 AM
    SBI Life Insurance Company Ltd IPO - Allotment
  3. Friday, September 22, 2017 12:00:00 AM
    SBI Life Insurance Company Ltd IPO - Close
  4. Wednesday, September 20, 2017 12:00:00 AM
    SBI Life Insurance Company Ltd IPO - Open

Company Contact Information

SBI Life Insurance Company Ltd
NATRAJ,
M. V. Road and Western Express Highway Junction,
Andheri (East), Mumbai 400 069
Phone: +91 22 6191 1000
Fax: +91 22 6191 0338
Email: investor@sbilife.co.in
Website: https://www.sbilife.co.in/

SBI Life Insurance IPO Registrar

Karvy Computershare Private Limited   »  Report
   Karvy House, 46, Avenue 4, Street No. 1,
   Banjara Hills, Hyderabad - 500 034
   Andhra Pradesh, India

Phone: +91-40-23312454
Fax: +91-40-23311968
Email: einward.ris@karvy.com
Website: http://karisma.karvy.com

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SBI Life Insurance IPO Review / Comments

avatar
900. P M  Nov 9, 2017 8:50:24 AM IST I Like It. | Report Abuse Reply
IPO Mentor IPO Mentor (700+ Posts, 700+ Likes)
Makes New 52 week low of 628.50 on BSE
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900.1. rusabh  Nov 9, 2017 11:44:23 AM IST I Like It. | Report Abuse
I am holding one lot.. Will it go above listing price ??
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900.2. Shazz  Nov 10, 2017 2:03:39 PM IST I Like It. 2 | Report Abuse
Rising up. Hope for the best. Hold for now.
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899. gamble  Oct 7, 2017 12:46:36 AM IST I Like It. 10 | Report Abuse Reply
IPO Guru IPO Guru (1500+ Posts, 3000+ Likes)
If after applying all ipos and doing shopping of Diwali u still remain with fund then only read ahead..... 😊


4-7 Months holding needed. .. Expected return 3 former FD


IRB infra (209)
=> PE=9,PB=2.9, sales 5800cr, m. Cap 7300 cr, infra play.

TalwalkaRs(266)
=> PE=12,PB=1.6,CAGr =20%,margin =23%
A GYM play

GHCL(209)
=> PE=4, revenue 2800 cr m. Cap 2000cr,caGr=50% (!!), A chemical play


.... Above all 3 r irritating stock, without any mkt effect, so patience needed for a meaningful return...


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899.7. Djds  Oct 14, 2017 4:16:49 PM IST I Like It. | Report Abuse
Gamble bhai new to market .can u tell me some companies where i can invest .with high returns within 4-6 months
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899.8. Cool Sunshine  Oct 29, 2017 12:06:30 AM IST I Like It. | Report Abuse
IRB has really tested my patience. I exited half of my holding at 270 and half at 243. As such every stock transaction needs patience but IRB is at completely different level with no noticeable movement for months. Although with all the Gadkari''s announcements it is very tempting but I will not re-enter this stock above 205-210. Effort to return ration is too high for my capacity and liking.

Talwalkar is in a good business but there performance has not been consistent. Since not tracking this stock will look for suggestions on good entry points from other experts.

Looking to enter and accumulate GHCL at 210-215.for min 20% return in a 6-12 months.
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898. YJYASH  Oct 27, 2017 2:23:14 AM IST I Like It. | Report Abuse Reply
Anyone interested in buying the sbi life ins ipo a lot of 132 shares @ 720
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897. Nakul Kaushal  Oct 24, 2017 10:41:34 PM IST I Like It. | Report Abuse Reply
until what time we will hold this?
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896. UPINVEST  Oct 10, 2017 7:57:52 PM IST I Like It. | Report Abuse Reply
Dear All

I think it will move 750+ till diwali... any suggastion???
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896.2. Subhash Challa  Oct 19, 2017 8:01:49 PM IST I Like It. 2 | Report Abuse
Which Diwali you are talking of. 2018?
It''s already Diwali now.
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896.3. JAISHRIRAM  Oct 21, 2017 12:00:44 AM IST I Like It. 1 | Report Abuse
till next diwali, hopefully.
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895. Arti Sharma  Oct 17, 2017 12:16:45 PM IST I Like It. 2 | Report Abuse Reply
Still holding shares...don''t know what to do...price is gng down Nd down...is there any chance that rlprice will come to no profit no loss..700 ?
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894. DownriteVJ  Oct 16, 2017 1:03:40 PM IST I Like It. | Report Abuse Reply
CMP 673
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893. gamble  Oct 3, 2017 6:31:19 PM IST I Like It. 8 | Report Abuse Reply
IPO Guru IPO Guru (1500+ Posts, 3000+ Likes)
Do not hurry to buy sbi life...wait for 11 P/B entry (640) or 50 PE (626) or 10 P/B588 !!!!

And i still not understand why people in strange that sbi life not performing compare to icici lombard!!

Simple ans : valuation

FY Q1 EpS........
.
Sbi life = 3.13
Icici lombard = 4.73......

Lombard likely to overtake on price also imo..!!

Anyone seeing range of both like this? ?

Sbi life 700, lombard 700
Sbi life 680, lombard 710
Sbi life 650,lombard 720

Ultimate

Life 588,lombard 860! !! (same valuations PB)
Life 562,lombard 846!!! (same valuation PE)


Offcourse this msg is not after today''s price movements.. Just telling valuation perspective! !

Refer this earlier msg,,,





18. gamble Sep 16, 2017 9:58:53 AM IST Reply
SBI Life Insurance Company Ltd IPO

....SBi life insurance.....

Premium CAgR : 20%
REVENUE : 20%
NET PROFIT : 11%

@700
...BASED on 2017 PE 73
.... BASED on 2018 Expected EPS :12-13
(Q1 EPS 3.12)
=> PE = 54-58

.....2019 PE 48
.....2020 PE 40 (20% growth given)

BV on 06,2017 58.79rs = P/Bv 12x

... ................... Sbi life........ Icici pru......Lombard*
.. ...
CAGR PAT...... ... 11%.............4%.......... 16%
PE(2018).............58...............35........ ...37
PB....................... 12...... ....... 9.5......... .7.6

* lombard is not peer but taken just for valuation comparison.

... So IMO lombard is best choice among all 3 looking at valuation.

......in rii category 19L + forms req so full subscription is not possible appwise under Rii.. Mean full allotment.

....... SBI LIFE GENERAL INSURANCE asking PE 73, Pb 12x based on only 11% CAgR...!!
.....grossly overpriced!!

RII to IPOs - '''' you ask for milk, we''''ll give you pudding,'''''''' but just go on ''''!!

.. ..imo Despite of good mkt share, strong brand name, healthy mkt conditions, future growth, growing business, at this price all Sizzles are priced in (even for 2018/19 also)

Fair value 45-50 PE for 2018 = 540- 600 Rs


..... ConcL. ....

Sell on kostak(now down but wait for some upwards 800-900 best sell), otherwise skip and buy(not mandatory) after a good correction. Or
Subscribe for 1.5-2 yrs.
Listing gain(2-4%) as per current gmp is possible but i m not seeing any!!.
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893.4. Djds  Oct 12, 2017 1:45:27 PM IST I Like It. | Report Abuse
Gamble bhai should i hold sbi life or sell it .
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893.5. gamble  Oct 12, 2017 5:40:07 PM IST I Like It. | Report Abuse
IPO Guru IPO Guru (1500+ Posts, 3000+ Likes)
Why sell now,? EARLIER given sell on listing day itself, if want urgent money then sell, otherwise hold, keep ur view more than 6-8 months, avg in downsides (if possible)
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892. Abdul Qaium  Oct 8, 2017 9:04:29 PM IST I Like It. | Report Abuse Reply
Hi,
I subscribed sbi life ipo in retail and got allotment 21 shares but still I m unable sell it . I have demat ac of kary and I spoken to kary executive to sell it but they also unable to sell. I m not getting understand what r reason . Could u provide me kary mail id.
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891. SAGAR H PATEL  Oct 7, 2017 8:04:19 PM IST I Like It. | Report Abuse Reply
Sir i applied in sbi life insurance from my account for my brother and amount deducted from boths accounts and i have not received yet,,please guide me .
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890. hariraman  Oct 7, 2017 5:37:07 PM IST I Like It. | Report Abuse Reply
I have applied for sbi life ipo one slot through sbi demat account in retail category. Even though the ipo didn''t subscribed fully for the retail category, why the shares aren''t allocated to me?

I am wondering is there anything wrong with my account? Can someone clarify this?
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889. TARUN MAHAWAR  Oct 5, 2017 8:20:18 PM IST I Like It. | Report Abuse Reply
SBI LIFE INSURANCE KE BARE ME KYA KHNA HAI.....


MENE ABHI TK MERA ALLOTMENT SALE NHI KIYA HAI
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889.2. mDelhi  Oct 6, 2017 1:13:29 AM IST I Like It. | Report Abuse
if it goes below 650/- then I will add more to and reduced the per share cost and its a long term planning as per me. Rest senior members can advice us better.
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889.3. Solution of Queries  Oct 6, 2017 9:13:23 PM IST I Like It. | Report Abuse
IPO Mentor IPO Mentor (900+ Posts, 1100+ Likes)
@tarun , if u hv long term view thn u can hold otherwise better to exit.
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888. ANIL VERMA  Oct 5, 2017 11:33:37 AM IST I Like It. | Report Abuse Reply
SBI Life made low of 688.10. Will touch Rs.680.00 today.
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888.1. Dharmesh P  Oct 5, 2017 1:16:34 PM IST I Like It. 1 | Report Abuse
Is there any possibility to go 700+ again ???
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888.2. mjo  Oct 5, 2017 6:13:09 PM IST I Like It. | Report Abuse
Today I bought at 785 in BSE and squared off at closing. As per ICICI ipo , it may go down 20% before up move. Expect near term of 550. - 575
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887. IamAbhishek  Oct 5, 2017 4:34:45 PM IST I Like It. | Report Abuse Reply
Yes...Exactly this is what I told you on very Ist comment. That predictions need not to be range bound, as you suggested 725-732 it must be approximate. Bcz there might be novice entrant in the market which are going to react on your comment and finally get settled at loss.
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886. Rocket  Oct 2, 2017 1:55:58 PM IST I Like It. 2 | Report Abuse Reply
Listing expected between 725-732, hold for long term for better returns.
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886.6. IamAbhishek  Oct 5, 2017 4:01:54 PM IST I Like It. | Report Abuse
Hi Rocket,

Referring to your Ist comment, as you said "Listing expected between 725-732, hold for long term for better returns".
But Reality is:-
1) Listed @ 735 i.e. 5% of Issue Price (not as what u said)
2) Keep on falling soon after listing.
3) Today trading at below issue price.
So where your predictions goes correct.
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886.7. Rocket  Oct 5, 2017 4:26:06 PM IST I Like It. 2 | Report Abuse
Hey, we can only predict a range. If we could determine actual than we will not be chatting here rather be on a world tour with lots and lots of money.
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885. veeshal  Oct 5, 2017 12:37:46 PM IST I Like It. | Report Abuse Reply
stock is falling becausse everybody wants to invest in new ipo.In this way insttitutions are taking benefit of it.They know that anyhow retail linvestors are going to sell the stock anyhow
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884. Dhaval Hirani  Oct 5, 2017 11:47:11 AM IST I Like It. | Report Abuse Reply
Hello IPO Gurus,

If there is any chances to touch this value approx 730? and how much time it will takes to reach there? Please guide me.
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883. ANIL VERMA  Oct 5, 2017 11:33:38 AM IST I Like It. | Report Abuse Reply
SBI Life made low of 688.10. Will touch Rs.680.00 today.
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882. Hiren K.  Sep 29, 2017 10:32:32 AM IST I Like It. | Report Abuse Reply
Something wrong on karvy allotment to RII. May be punters active on this counter ...May be tried to open 30- 50 rs gap up and move on up to 100-200 up on next 3-4 days....
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882.2. Nital Chanchani  Sep 29, 2017 12:48:35 PM IST I Like It. 1 | Report Abuse
Incorporated in 2000, SBI Life Insurance Company Limited is India based private life insurer. (written on top of this page, please read. SBI is joint venture with BNP and wholly managed by BNP
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882.3. STOCKT  Oct 5, 2017 11:26:12 AM IST I Like It. | Report Abuse
hahhah where is value 50 rs up . this one is going down issue price soon
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881. R R Patel  Oct 2, 2017 11:01:35 PM IST I Like It. 4 | Report Abuse Reply
IPO Mentor IPO Mentor (500+ Posts, 2200+ Likes)
SBI listing on tomorrow and it is expected to list at around 745 (+-1%). It may test 725 @lower side & 785@upper side. One can book partial profit above 770 if fund required for coming new IPOs but remain atleast 1/3 for long term portfolio stock.
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881.2. ABG  Oct 4, 2017 5:00:43 PM IST I Like It. 2 | Report Abuse
I am still holding ....i was waiting for 770 to book profit as i wanted to apply next IPOs....now what to do ...
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881.3. ANIL VERMA  Oct 5, 2017 11:25:14 AM IST I Like It. | Report Abuse
Dear ABG. You will need to hold atleast for six months to see the level of Rs.770.00
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