SBI Life Insurance IPO Details

IPO Open Sep 20, 2017
IPO Close Sep 22, 2017
IPO Price ₹700
Face Value ₹10
IPO Size ₹8,400.00 Cr
Listing At BSE, NSE
Lot Size 21
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SBI Life Insurance IPO Date & Price

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

SBI Life Insurance IPO timetable / schedule is as below:
  • Bid/Offer Opens On: Sep 20, 2017
  • Bid/Offer Closes On: Sep 22, 2017
  • Finalization of Basis of Allotment: Sep 27, 2017
  • Initiation of refunds: Sep 28, 2017
  • Credit of Equity Shares: Sep 29, 2017
  • Listing Date: Oct 3, 2017

SBI Life Insurance IPO price is set at ₹700 per equity share.

SBI Life Insurance IPO will close for subscription at 5 PM on Sep 22, 2017. But most brokers stop accepting application between 1 PM to 3 PM.

The SBI Life Insurance IPO starts on Sep 20, 2017. The issue ends on Sep 22, 2017.

SBI Life Insurance IPO Issue Size and Subscription Status

The SBI Life Insurance IPO size is 120000000 Equity Shares of ₹10 aggregating up to ₹8,400.00 Cr.

SBI Life Insurance Company Ltd is selling its shares to the public through an Initial Public Offer (IPO). Retail investors can apply online for SBI Life Insurance IPO shares through the banks (using ASBA) or through the broker (using UPI).

SBI Life Insurance IPO Offer Size

Qualified Institutional Buyers (QIB)21,200,000 Shares
Non-Institutional Investors (NII)15,900,000 Shares
Retail Individual Investor (RII)37,100,000 Shares
Employee Reservations2,000,000 Shares
Other Reservations12,000,000 Shares
Total Issue Size88,200,000 Shares

SBI Life Insurance IPO IPO Subscription Status

Qualified Institutional Buyers (QIB)12.56 times times
Non-Institutional Investors (NII)0.70 times times
Retail Individual Investor (RII)0.81 times times
Employee Reservations1.02 times times
Other Reservations times
Total Issue Size3.55 times times

Click here to check the SBI Life Insurance IPO live subscription status.

If you have a demat account, most banks offer the online IPO application. You could also contact your broker to apply in SBI Life Insurance IPO.

Zerodha, the largest stockbroker in India, offers an online IPO application. You can apply for an IPO online with Zerodha by visiting https://zerodha.com/ipo

You could check SBI Life Insurance IPO Grey Market Premium (GMP Rate) by visiting our IPO Grey Market Price (Message Board). Note that there is no official source of GMP Rate as it's a black market.

SBI Life Insurance IPO Allotment and Listing

The SBI Life Insurance IPO allot status will be available online on Sep 27, 2017. Check the SBI Life Insurance IPO Allotment Status here.

Click here to check SBI Life Insurance IPO Allotment Status.

SBI Life Insurance IPO listing Date is Oct 3, 2017. The regular trading starts at 10 AM on listing day.BSE and NSE allow a pre-open trading on listing day. This 45 minutes session starts at 9 AM and ends at 9:45 AM. This session allows buyers and sellers to place/ modify /cancel orders. The next 15 minutes are for price discovery and processing orders placed in the pre-open trading session. The SBI Life Insurance IPO listing date and time is published by the exchange in a circular.

Click here to view the SBI Life Insurance IPO Basis of Allotment.

It is hard to say at what price SBI Life Insurance IPO Shares will list. The price varies by the demand and supply of IPO shares on the day of listing.

The SBI Life Insurance IPO shares will list on Oct 3, 2017 at BSE, NSE.

SBI Life Insurance IPO - Should I apply?

Visit our IPO Analysis and Recommendations page to view IPO Notes from experts.

Sorry, we do not provide IPO recommendations. But we share a lot of information about SBI Life Insurance IPO which could help you with questions like SBI Life Insurance IPO buy or not? You should also read SBI Life Insurance IPO Analysis from experts and check the daily subscription status.

It actually depends on many factors. This includes company financials, segment outlook, market situation, issue pricing, the background of promoters, lead managers performance, company strengths, risks and oversubscription. You should read the prospectus document, IPO Analysis from experts and follow the subscriptions.

SBI Life Insurance IPO listing day gains are highly unpredictable as depends on many factors on the day listing. It depends on factors like the demand (IPO oversubscription), the market situation on the day of listing, Issue size etc.

Visit our IPO Performance Tracker to check the SBI Life Insurance IPO performance. The performance reports are available 1 day after listing.