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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.

SBI Life Insurance IPO Details

Issue OpenSep 20, 2017 - Sep 22, 2017
Issue TypeBook Built Issue IPO
Issue Size120,000,000 Eq Shares of ₹10
(aggregating up to ₹8,400.00 Cr)
Offer for Sale120,000,000 Eq Shares of ₹10
(aggregating up to ₹[.] Cr)
Face Value₹10 Per Equity Share
Issue Price₹685 to ₹700 Per Equity Share
Market Lot21 Shares
Min Order Quantity21 Shares
Listing AtBSE, NSE

SBI Life Insurance IPO Tentative Date / Timetable

Bid/Offer Opens OnSep 20, 2017
Bid/Offer Closes OnSep 22, 2017
Finalisation of Basis of AllotmentSep 27, 2017
Initiation of RefundsSep 28, 2017
Credit of Shares to Demat AcctSep 29, 2017
IPO Shares Listing DateOct 3, 2017

SBI Life Insurance IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)
Minimum121₹14,700
Maximum13273₹191,100

SBI Life Insurance IPO Subscription Status (Bidding Detail)

SBI Life Insurance IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

QIB

NII

RII

Employee

Others

Total

Shares Offered

21,200,000

15,900,000

37,100,000

2,000,000

12,000,000

88,200,000

Sep 22, 2017 17:00

12.56x

0.70x

0.81x

1.02x

0.38x

3.55x

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 DateTuesday, October 3, 2017
BSE Script Code540719
NSE SymbolSBILIFE
Listing InB
ISININE123W01016
Issue Price₹700 Per Equity Share
Face Value₹10 Per Equity Share

Listing Day Trading Information

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

SBI Life Insurance IPO Reviews / Ratings

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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
Email: investor@sbilife.co.in
Website: https://www.sbilife.co.in/

SBI Life Insurance IPO Registrar

Karvy Computershare Private Limited
   Karvy Registry House, 8-2-596, St. No. 1,
   Banjara Hills, Hyderabad - 500 034
   Andhra Pradesh, India

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

SBI Life Insurance IPO FAQs

  1. 1. What is SBI Life Insurance IPO?

    SBI Life Insurance IPO is a main-board initial public offering of 120,000,000 equity shares of the face value of ₹10 aggregating up to ₹8,400.00 Crores.

    The issue price of the IPO is ₹685 to ₹700 Per Equity Share. The minimum order quantity is 21 Shares per application and the offer type is Book Built Issue.

    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.

  2. 2. When SBI Life Insurance IPO will open?

    The SBI Life Insurance IPO opens on Sep 20, 2017 and closes on Sep 22, 2017.

  3. 3. How to apply for SBI Life Insurance IPO?

    SBI Life Insurance IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.

  4. 4. When SBI Life Insurance IPO allotment?

    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.

  5. 5. When is SBI Life Insurance IPO listing date?

    The SBI Life Insurance IPO listing date is on Tuesday, October 3, 2017, at BSE, NSE.
  6. 6. What is the lot size of SBI Life Insurance IPO?

    SBI Life Insurance IPO lot size is 21 Shares and the minimum order quantity is 21 Shares.

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SBI Life Insurance IPO Review / Comments

P M
900. P M  Nov 9, 2017 08:50 I Like It. | Report Abuse
IPO Guru IPO Guru (1100+ Posts, 1000+ Likes)
Makes New 52 week low of 628.50 on BSE
rusabh
900.1. rusabh  Nov 9, 2017 11:44 I Like It. | Report Abuse
I am holding one lot.. Will it go above listing price ??
Shazz
900.2. Shazz  Nov 10, 2017 14:03 I Like It. 2 | Report Abuse
Rising up. Hope for the best. Hold for now.
YJYASH
899. YJYASH  Oct 27, 2017 02:23 I Like It. | Report Abuse
Anyone interested in buying the sbi life ins ipo a lot of 132 shares @ 720
Nakul Kaushal
898. Nakul Kaushal  Oct 24, 2017 22:41 I Like It. | Report Abuse
until what time we will hold this?
UPINVEST
897. UPINVEST  Oct 10, 2017 19:57 I Like It. | Report Abuse
Dear All

I think it will move 750+ till diwali... any suggastion???
Subhash Challa
897.2. Subhash Challa  Oct 19, 2017 20:01 I Like It. 2 | Report Abuse
Which Diwali you are talking of. 2018?
It''s already Diwali now.
JAISHRIRAM
897.3. JAISHRIRAM  Oct 21, 2017 00:00 I Like It. 1 | Report Abuse
till next diwali, hopefully.
Arti Sharma
896. Arti Sharma  Oct 17, 2017 12:16 I Like It. 1 | Report Abuse
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 ?
DownriteVJ
895. DownriteVJ  Oct 16, 2017 13:03 I Like It. | Report Abuse
IPO Guru IPO Guru (1100+ Posts, 1000+ Likes)
CMP 673
gamble
894. gamble  Oct 7, 2017 00:46 I Like It. 9 | Report Abuse
IPO Guru IPO Guru (1600+ Posts, 3900+ 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...


Djds
894.7. Djds  Oct 14, 2017 16:16 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
Cool Sunshine
894.8. Cool Sunshine  Oct 29, 2017 00:06 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.
Abdul Qaium
893. Abdul Qaium  Oct 8, 2017 21:04 I Like It. | Report Abuse
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.
SAGAR H PATEL
892. SAGAR H PATEL  Oct 7, 2017 20:04 I Like It. | Report Abuse
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 .
hariraman
891. hariraman  Oct 7, 2017 17:37 I Like It. | Report Abuse
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?
TARUN MAHAWAR
890. TARUN MAHAWAR  Oct 5, 2017 20:20 I Like It. | Report Abuse
SBI LIFE INSURANCE KE BARE ME KYA KHNA HAI.....


MENE ABHI TK MERA ALLOTMENT SALE NHI KIYA HAI
mDelhi
890.2. mDelhi  Oct 6, 2017 01:13 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.
Solution of Queries
890.3. Solution of Queries  Oct 6, 2017 21:13 I Like It. | Report Abuse
IPO Guru IPO Guru (1100+ Posts, 1400+ Likes)
@tarun , if u hv long term view thn u can hold otherwise better to exit.
ANIL VERMA
889. ANIL VERMA  Oct 5, 2017 11:33 I Like It. | Report Abuse
SBI Life made low of 688.10. Will touch Rs.680.00 today.
Dharmesh P
889.1. Dharmesh P  Oct 5, 2017 13:16 I Like It. 1 | Report Abuse
Is there any possibility to go 700+ again ???
mjo
889.2. mjo  Oct 5, 2017 18:13 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
IamAbhishek
888. IamAbhishek  Oct 5, 2017 16:34 I Like It. | Report Abuse
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.
Rocket
887. Rocket  Oct 2, 2017 13:55 I Like It. 2 | Report Abuse
Listing expected between 725-732, hold for long term for better returns.
IamAbhishek
887.6. IamAbhishek  Oct 5, 2017 16:01 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.
Rocket
887.7. Rocket  Oct 5, 2017 16:26 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.
veeshal
886. veeshal  Oct 5, 2017 12:37 I Like It. | Report Abuse
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
Dhaval Hirani
885. Dhaval Hirani  Oct 5, 2017 11:47 I Like It. | Report Abuse
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.
ANIL VERMA
884. ANIL VERMA  Oct 5, 2017 11:33 I Like It. | Report Abuse
SBI Life made low of 688.10. Will touch Rs.680.00 today.
Hiren K.
883. Hiren K.  Sep 29, 2017 10:32 I Like It. | Report Abuse
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....
Nital Chanchani
883.2. Nital Chanchani  Sep 29, 2017 12:48 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
STOCKT
883.3. STOCKT  Oct 5, 2017 11:26 I Like It. | Report Abuse
hahhah where is value 50 rs up . this one is going down issue price soon
R R Patel
882. R R Patel  Oct 2, 2017 23:01 I Like It. 4 | Report Abuse
IPO Mentor IPO Mentor (700+ Posts, 3100+ 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.
ABG
882.2. ABG  Oct 4, 2017 17:00 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 ...
ANIL VERMA
882.3. ANIL VERMA  Oct 5, 2017 11:25 I Like It. | Report Abuse
Dear ABG. You will need to hold atleast for six months to see the level of Rs.770.00
ANIL VERMA
881. ANIL VERMA  Oct 5, 2017 10:57 I Like It. | Report Abuse
Sell fsst SBILIFE, Going to test Rs.680.00 today.



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