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
The Promoters of the Company are State Bank and BNPPC.
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.
Issue Open | Sep 20, 2017 - Sep 22, 2017 |
Issue Type | Book Built Issue IPO |
Issue Size | 120,000,000 Eq Shares of ₹10 (aggregating up to ₹8,400.00 Cr) |
Offer for Sale | 120,000,000 Eq Shares of ₹10 (aggregating up to ₹[.] Cr) |
Face Value | ₹10 Per Equity Share |
Issue Price | ₹685 to ₹700 Per Equity Share |
Market Lot | 21 Shares |
Min Order Quantity | 21 Shares |
Listing At | BSE, NSE |
Bid/Offer Opens On | Sep 20, 2017 |
Bid/Offer Closes On | Sep 22, 2017 |
Finalisation of Basis of Allotment | Sep 27, 2017 |
Initiation of Refunds | Sep 28, 2017 |
Credit of Shares to Demat Acct | Sep 29, 2017 |
IPO Shares Listing Date | Oct 3, 2017 |
Application | Lots | Shares | Amount (Cut-off) |
---|---|---|---|
Minimum | 1 | 21 | ₹14,700 |
Maximum | 13 | 273 | ₹191,100 |
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 |
Listing Date | Tuesday, October 3, 2017 |
BSE Script Code | 540719 |
NSE Symbol | SBILIFE |
Listing In | B |
ISIN | INE123W01016 |
Issue Price | ₹700 Per Equity Share |
Face Value | ₹10 Per Equity 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/
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 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.
The SBI Life Insurance IPO opens on Sep 20, 2017 and closes on Sep 22, 2017.
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.
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.
SBI Life Insurance IPO lot size is 21 Shares and the minimum order quantity is 21 Shares.
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