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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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Quant Capital - Fair valuations against listed peers
Centrum - subscribe from a long term perspective

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 News Alerts

  1. Friday, September 22, 2017 12:00:00 AM
    SBI Life Insurance Company Ltd IPO - Close
  2. 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

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501. Jaikesh Gupta  Sep 26, 2017 11:13:28 AM IST I Like It. 1 | Report Abuse Reply
maine lower price band 685 pe ek lot bid kiya hai kyunki retail category sirf 0.70 suscribed tha to guyss allottment milne ke chances hai kya isme ??? @egale eyes?
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501.1. Ghatol  Sep 26, 2017 11:31:37 PM IST I Like It. | Report Abuse
No chance of Allotment in this Case.
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500. Sachin Sarda  Sep 26, 2017 1:28:43 PM IST I Like It. 1 | Report Abuse Reply
Cochin me to retail ko discount diya why not given in sbi
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500.1. Ghatol  Sep 26, 2017 11:30:38 PM IST I Like It. | Report Abuse
Because Cochin is PSU and SBI LI is Private
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499. NITESHIPO  Sep 26, 2017 11:21:38 PM IST I Like It. | Report Abuse Reply
If list at discount no need to sell. Keep invested for a year it vl go to 1000. Listing at 740.
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498. we earn  Sep 26, 2017 3:58:01 PM IST I Like It. | Report Abuse Reply
Godrej 95-100
ICICI -20 -22 discount
SBI -5 -7 Discount
Pratap 150-160
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498.1. FINVEST  Sep 26, 2017 10:14:26 PM IST I Like It. | Report Abuse
Latest GMP of all IPO.... Please
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497. Expert Rai  Sep 26, 2017 1:25:36 PM IST I Like It. | Report Abuse Reply
GMP
ICICI (-18) (-16)
SBI (-6) (-4)
Prataap 190 - 195
Godrej 110 - 115
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497.1. FINVEST  Sep 26, 2017 10:13:46 PM IST I Like It. | Report Abuse
Latest GMP of all IPO...... Please
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496. Eagleye  Sep 23, 2017 12:10:13 PM IST I Like It. 47 | Report Abuse Reply
IPO Guru IPO Guru (4400+ Posts, 11800+ Likes)
SBI Life IPO

Target 900/- by HOLI

Hold tight
Keep in Long Term Portfolio
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496.16. lake city  Sep 26, 2017 12:12:37 PM IST I Like It. | Report Abuse
please give suggestion about capacit''e infra
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496.17. patience  Sep 26, 2017 9:15:50 PM IST I Like It. | Report Abuse
@Nidhike जी दिवाली या दिवाला ? यह अविश्वास किसा पर कंपनी पर की आप की अपनी शेयर पहचाने की काबिलियत पर ?
निश्चित रहिये यादी आप का मार्केट में रुक ने का विचार हैं तो यह फायदा का सौदा हैं
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495. dhanapal  Sep 26, 2017 7:20:08 PM IST I Like It. | Report Abuse Reply
Try To Face Heavy loss on SBI IPO
Price will go 400-500 rs
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495.2. patience  Sep 26, 2017 8:54:49 PM IST I Like It. | Report Abuse
Yedda ban kar pedda kha na hain , 400-500 rs. ? bhai alibagh se aye ho kya ? The IPO was subscribed 3.58 times and you are saying will open on 400-500 ....
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495.3. manjitsingh  Sep 26, 2017 9:09:13 PM IST I Like It. 1 | Report Abuse
Top Contributor Top Contributor (400+ Posts, 300+ Likes)
Dhanapal ne too patience bhai ka patience he tod diya....Dhanapal bhai kuch to reham karoo ipo investors par....
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494. Ritesh  Sep 25, 2017 11:06:11 PM IST I Like It. 3 | Report Abuse Reply
1) Rakesh Jhunjhunwala - 460cr
2) Radhakishan Damani (long term investor and the promoter of D''mart) - 327crs
3) Nemish S. Shah (Enam) - 229crs
4) Nikul Patel - 535 crs
5) Sudip Bose - 211 crs
6) Jignesh S - 120 crs

These all large investor/punter/operator has yesterday invested heavily in the new IPO of *SBI Life Insurance.* fwded
avatar
494.2. Solution of Queries  Sep 26, 2017 8:54:47 PM IST I Like It. | Report Abuse
Top Contributor Top Contributor (400+ Posts, 500+ Likes)
this type of news passing by operators for manipulation , Beware retailers.
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494.3. patience  Sep 26, 2017 9:01:50 PM IST I Like It. | Report Abuse
Not sure on this news , but confirm news the qualified institutional buyers category was subscribed 12.56 times.

http://www.business-standard.com/article/news-cm/sbi-life-ipo-receives-strong-response-from-institutional-investors-117092500106_1.html
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493. HNM HARDIK MODI  Sep 26, 2017 8:50:54 PM IST I Like It. | Report Abuse Reply
Allotment date please !!
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492. Vemuganti suresh  Sep 26, 2017 5:58:15 PM IST I Like It. | Report Abuse Reply
Listing 550
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491. Anil Bahl  Sep 26, 2017 10:16:28 AM IST I Like It. | Report Abuse Reply
Is there a way of knowing, the CATEGORY-WISE number of application received in an IPO
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491.1. IamAbhishek  Sep 26, 2017 4:39:08 PM IST I Like It. | Report Abuse
Yes, by NSE& BSE websites.
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490. Longtermpunter  Sep 26, 2017 4:14:03 PM IST I Like It. | Report Abuse Reply
For a change no talks of " Allotment aya kya " :)
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489. Ashindia  Sep 26, 2017 2:44:37 PM IST I Like It. 1 | Report Abuse Reply
What wll b d expected listing gain?
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488. KAYIKKARA  Sep 26, 2017 2:10:19 PM IST I Like It. 1 | Report Abuse Reply
If SBI Life get listed at discount, right time to accumulate for a safe return investment..
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487. dhanapal  Sep 26, 2017 12:23:33 PM IST I Like It. | Report Abuse Reply
Bear grip erodes lofty grey market premium of IPOs

Read more at:
http://economictimes.indiatimes.com/articleshow/60836852.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

May i Cancel SBI IPO ??
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486. vickyboyin  Sep 26, 2017 11:28:27 AM IST I Like It. | Report Abuse Reply
what is the grey market price ?
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485. Jaikesh Gupta  Sep 25, 2017 5:15:30 PM IST I Like It. 1 | Report Abuse Reply
Guyss Koi Batayega Kitna Loss hone wala hai sbi me ???? kyunki secondry market ka bura haal hai primary kahan se bachegi ek din aur rok leta apne aap ko to ipo bidd nahi karta
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485.1. Buzzz  Sep 26, 2017 9:31:22 AM IST I Like It. 1 | Report Abuse
10%
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484. Rizvi  Sep 26, 2017 12:03:29 AM IST I Like It. | Report Abuse Reply
Plz suggest me I had applied 4 lots, Should I will get all due to under subscribe in retail ? ??
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484.1. Buzzz  Sep 26, 2017 9:28:14 AM IST I Like It. 2 | Report Abuse
Yes, you will get all 4.
Assuming GMP inues, you will incur 10-20% losses
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483. VIVEKPARAB  Sep 26, 2017 6:17:36 AM IST I Like It. | Report Abuse Reply
Allotment kab hai. SBI kaaa.
Pl confirm
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483.1. Buzzz  Sep 26, 2017 9:26:44 AM IST I Like It. | Report Abuse
Previous Posts padhiye, answer mil jaega.
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482. BADAYA  Sep 26, 2017 9:25:51 AM IST I Like It. | Report Abuse Reply
uco net banking still accepting sbi life applications....
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