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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
| 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 | |
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.
| SBI Life Insurance IPO Date | Sep 20, 2017 to Sep 22, 2017 |
| SBI Life Insurance IPO Face Value | ₹10 per share |
| SBI Life Insurance IPO Price | ₹685 to ₹700 per share |
| SBI Life Insurance IPO Lot Size | 21 Shares |
| Issue Size | 120,000,000 shares of ₹10 (aggregating up to ₹8,400.00 Cr) |
| Offer for Sale | 120,000,000 shares of ₹10 (aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Company Promoters | The Promoters of the Company are State Bank and BNPPC. |
SBI Life Insurance IPO opens on Sep 20, 2017, and closes on Sep 22, 2017. The SBI Life Insurance IPO bid date is from Sep 20, 2017 10.00 A.M. to Sep 22, 2017 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.
| Event | Date |
|---|---|
| SBI Life Insurance IPO Opening Date | Sep 20, 2017 |
| SBI Life Insurance IPO Closing Date | Sep 22, 2017 |
| Basis of Allotment | Sep 27, 2017 |
| Initiation of Refunds | Sep 28, 2017 |
| Credit of Shares to Demat | Sep 29, 2017 |
| SBI Life Insurance IPO Listing Date | Oct 3, 2017 |
The SBI Life Insurance IPO lot size is 21 shares. A retail-individual investor can apply for up to 13 lots (273 shares or ₹191,100).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 21 | ₹14,700 |
| Retail (Max) | 13 | 273 | ₹191,100 |
Life insurance sector is expected to fare better. Investment may be considered for long term. Read detail review...
The SBI Life Insurance IPO is subscribed 3.55 times on Sep 22, 2017 5:00:00 PM. The public issue subscribed 0.81 times in the retail category, 12.56 times in the QIB category, and 0.70 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 12.56 |
| NII | 0.70 |
| Retail | 0.81 |
| Employee | 1.02 |
| Others | 0.38 |
| Total | 3.55 |
| Listing Date | Tuesday, October 3, 2017 |
| BSE Script Code | 540719 |
| NSE Symbol | SBILIFE |
| Listing In | B Group of Securities |
| ISIN | INE123W01016 |
| IPO Price | ₹700 per share |
| Face Value | ₹10 per share |
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SBI Life Insurance Company Ltd
NATRAJ,
M. V. Road and Western Express Highway Junction,
Andheri (East), Mumbai 400 069
Phone: +91 22 6191 1000
Email: investor@sbilife.co.in
Website: https://www.sbilife.co.in/
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://karisma.kfintech.com/
| Review By | Subscribe | Neutral | Avoid |
|---|---|---|---|
| Brokers | 8 | 0 | 0 |
| Members | 0 | 0 | 0 |
IPO Broker Recommendations
Lead Manager Reports
SBI Life Insurance IPO is a main-board IPO of 120,000,000 equity shares of the face value of ₹10 aggregating up to ₹8,400.00 Crores. The issue is priced at ₹685 to ₹700 per share. The minimum order quantity is 21 Shares.
The IPO opens on Sep 20, 2017, and closes on Sep 22, 2017.
KFin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The SBI Life Insurance IPO opens on Sep 20, 2017 and closes on Sep 22, 2017.
SBI Life Insurance IPO lot size is 21 Shares and the minimum order quantity is .
You can apply in SBI Life Insurance IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for SBI Life Insurance IPO will be done on Sep 27, 2017, and the allotted shares will be credited to your demat account by Sep 29, 2017. Check the SBI Life Insurance IPO allotment status.
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