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

September 20, 2017 - September 22, 2017

SBI Life Insurance IPO is a book built issue of Rs 8,400.00 crores. The issue is entirely an offer for sale of 12 crore shares.

SBI Life Insurance IPO bidding started from September 20, 2017 and ended on September 22, 2017. The allotment for SBI Life Insurance IPO was finalized on Wednesday, September 27, 2017. The shares got listed on BSE, NSE on October 3, 2017.

SBI Life Insurance IPO price band is set at ₹685 to ₹700 per share. The minimum lot size for an application is 21 Shares. The minimum amount of investment required by retail investors is ₹14,700.

Axis Capital Limited, Bnp Paribas, Citigroup Global Markets India Private Limited, Deutsche Equities India Private Limited, ICICI Securities Limited, Jm Financial Limited, Kotak Mahindra Capital Company Limited and SBI Capital Markets Limited are the book running lead managers of the SBI Life Insurance IPO, while Kfin Technologies Limited is the registrar for the issue.

Refer to SBI Life Insurance IPO RHP for detailed information.

SBI Life Insurance IPO Details

IPO Date September 20, 2017 to September 22, 2017
Listing Date October 3, 2017
Face Value ₹10 per share
Price Band ₹685 to ₹700 per share
Lot Size 21 Shares
Total Issue Size120,000,000 shares
(aggregating up to ₹8,400.00 Cr)
Offer for Sale120,000,000 shares of ₹10
(aggregating up to ₹[.] Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE

SBI Life Insurance IPO Reservation

SBI Life Insurance IPO a total of 88,200,000 shares are offered. QIB: 21,200,000 (24.04%), RII: 37,100,000 (42.06%), NII: 15,900,000 (18.03%).

Anchor Investor Shares Offered-
QIB Shares Offered21,200,000 (24.04%)
NII (HNI) Shares Offered15,900,000 (18.03%)
Retail Shares Offered37,100,000 (42.06%)
Employee Shares Offered2,000,000 (2.27%)
Other Shares Offered12,000,000 (13.61%)
Total Shares Offered88,200,000 (100%)

SBI Life Insurance IPO Timeline (Tentative Schedule)

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

IPO Open Date Wednesday, September 20, 2017
IPO Close Date Friday, September 22, 2017
Basis of Allotment Wednesday, September 27, 2017
Initiation of Refunds Thursday, September 28, 2017
Credit of Shares to Demat Friday, September 29, 2017
Listing Date Tuesday, October 3, 2017
Cut-off time for UPI mandate confirmation 5 PM on September 22, 2017

SBI Life Insurance IPO Lot Size

Investors can bid for a minimum of 21 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 21 ₹14,700
Retail (Max) 13 273 ₹191,100
Lot Size Calculator

About SBI Life Insurance Company Ltd

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 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 (SBI Life Insurance IPO Objectives)

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 Review (Apply)

[Dilip Davda]  Life insurance sector is expected to fare better. Investment may be considered for long term. Read detail review...

SBI Life Insurance IPO Subscription Status (Bidding Detail)

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)

CategorySubscription (times)

SBI Life Insurance IPO Prospectus

SBI Life Insurance IPO Rating

Rating:Rated 4.1 stars
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SBI Life Insurance IPO Listing Details

Listing Date October 3, 2017
BSE Script Code 540719
ISIN INE123W01016
Final Issue Price ₹700 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

Check IPO Performance…

SBI Life Insurance IPO Contact Details

SBI Life Insurance Company Ltd
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

Kfin Technologies Limited

Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/

SBI Life Insurance IPO FAQs

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 September 20, 2017, and closes on September 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 September 20, 2017 and closes on September 22, 2017.

SBI Life Insurance IPO lot size is 21 Shares, and the minimum amount required is ₹14,700.

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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for SBI Life Insurance IPO will be done on Wednesday, September 27, 2017, and the allotted shares will be credited to your demat account by Friday, September 29, 2017. Check the SBI Life Insurance IPO allotment status.

The SBI Life Insurance IPO listing date is on October 3, 2017.
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SBI Life Insurance IPO Message Board

Ranked Members of Chittorgarh.com Forum  Ranked Members | Most Liked Members



900. P M |   Link |Nov 9, 2017 7:50:24 AM (1100+ Posts, 1100+ Likes)
Makes New 52 week low of 628.50 on BSE
900.1. rusabh |   Link |Nov 9, 2017 10:44:23 AM
I am holding one lot.. Will it go above listing price ??
900.2. Shazz |   Link |Nov 10, 2017 1:03:39 PM
Rising up. Hope for the best. Hold for now.
899. YJYASH |   Link |Oct 27, 2017 1:23:14 AM
Anyone interested in buying the sbi life ins ipo a lot of 132 shares @ 720
898. Nakul Kaushal |   Link |Oct 24, 2017 9:41:34 PM
until what time we will hold this?
897. UPINVEST |   Link |Oct 10, 2017 6:57:52 PM
Dear All

I think it will move 750+ till diwali... any suggastion???
897.2. Subhash Challa |   Link |Oct 19, 2017 7:01:49 PM
Which Diwali you are talking of. 2018?
It''s already Diwali now.
897.3. JAISHRIRAM |   Link |Oct 20, 2017 11:00:44 PM
till next diwali, hopefully.
896. Arti Sharma |   Link |Oct 17, 2017 11:16:45 AM
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 ?
895. DownriteVJ |   Link |Oct 16, 2017 12:03:40 PM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
CMP 673
894. gamble |   Link |Oct 6, 2017 11:46:36 PM (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.

=> PE=12,PB=1.6,CAGr =20%,margin =23%
A GYM play

=> 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...

894.7. Djds |   Link |Oct 14, 2017 3:16:49 PM
Gamble bhai new to market .can u tell me some companies where i can invest .with high returns within 4-6 months
894.8. Cool Sunshine |   Link |Oct 28, 2017 11:06:30 PM
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.
893. Abdul Qaium |   Link |Oct 8, 2017 8:04:29 PM
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.
892. SAGAR H PATEL |   Link |Oct 7, 2017 7:04:19 PM
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 .
891. hariraman |   Link |Oct 7, 2017 4:37:07 PM
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?
890. TARUN MAHAWAR |   Link |Oct 5, 2017 7:20:18 PM

890.2. mDelhi |   Link |Oct 6, 2017 12:13:29 AM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
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.
890.3. Solution of Queries |   Link |Oct 6, 2017 8:13:23 PM (1100+ Posts, 1400+ Likes)
@tarun , if u hv long term view thn u can hold otherwise better to exit.
889. ANIL VERMA |   Link |Oct 5, 2017 10:33:37 AM
SBI Life made low of 688.10. Will touch Rs.680.00 today.
889.1. Dharmesh P |   Link |Oct 5, 2017 12:16:34 PM
Is there any possibility to go 700+ again ???
889.2. mjo |   Link |Oct 5, 2017 5:13:09 PM
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
888. IamAbhishek |   Link |Oct 5, 2017 3:34:45 PM
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.
887. Rocket |   Link |Oct 2, 2017 12:55:58 PM
Listing expected between 725-732, hold for long term for better returns.
887.6. IamAbhishek |   Link |Oct 5, 2017 3:01:54 PM
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.
887.7. Rocket |   Link |Oct 5, 2017 3:26:06 PM
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.
886. veeshal |   Link |Oct 5, 2017 11:37:46 AM
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
885. Dhaval Hirani |   Link |Oct 5, 2017 10:47:11 AM
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.
884. ANIL VERMA |   Link |Oct 5, 2017 10:33:38 AM
SBI Life made low of 688.10. Will touch Rs.680.00 today.
883. Hiren K. |   Link |Sep 29, 2017 9:32:32 AM
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....
883.2. Nital Chanchani |   Link |Sep 29, 2017 11:48:35 AM
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
883.3. STOCKT |   Link |Oct 5, 2017 10:26:12 AM
hahhah where is value 50 rs up . this one is going down issue price soon
882. R R Patel |   Link |Oct 2, 2017 10:01:35 PM
IPO Mentor IPO Mentor (800+ Posts, 3400+ 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.
882.2. ABG |   Link |Oct 4, 2017 4:00:43 PM
I am still holding ....i was waiting for 770 to book profit as i wanted to apply next IPOs....now what to do ...
882.3. ANIL VERMA |   Link |Oct 5, 2017 10:25:14 AM
Dear ABG. You will need to hold atleast for six months to see the level of Rs.770.00
881. ANIL VERMA |   Link |Oct 5, 2017 9:57:44 AM
Sell fsst SBILIFE, Going to test Rs.680.00 today.