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SBI Life Insurance IPO Subscription Details (Live Status)

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 Subscription Status Live

SBI Life Insurance IPO subscribed 3.55 times. The public issue subscribed 0.81 times in the retail category, 12.56 times in QIB, and 0.70 times in the NII category by Sep 22, 2017.

Investor CategorySubscription (times)
Qualified Institutions12.56
Non-Institutional Buyers0.70
Retail Investors0.81
Employees1.02
Others0.38
Total3.55

SBI Life Insurance IPO Subscription Details (times)

DateQIBNIIRetailEMPTotal
Day 1
Sep 20, 2017
0.060.010.160.180.050.09
Day 2
Sep 21, 2017
1.580.080.370.450.110.57
Day 3
Sep 22, 2017
12.560.700.811.020.383.55

SBI Life Insurance IPO Shares Offered

SBI Life Insurance IPO is a public issue of 88,200,000 equity shares. The issue offers 37,100,000 shares to retail investors, 21,200,000 shares to qualified institutional buyers, and 15,900,000 shares to non-institutional investors.

CategoryShares OfferedAmount (Rs Cr) Size (%)
QIB21,200,0001,484.0024.04%
NII15,900,0001,113.0018.03%
Retail37,100,0002,597.0042.06%
Employee2,000,000140.002.27%
Others12,000,000840.0013.61%
Total88,200,0006,174.00100%

IPO Investor Categories

  • Qualified Institutional Buyers (QIB)

    Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes of insurance companies, and pension schemes.

  • Non-Institutional Investors(NII)

    Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc who bid for shares worth more than Rs 2 lakhs are known as Non-institutional bidders (NII). Unlike QIB bidders, they do not need SEBI registration.

    NII category has two subcategories:

    1. sNII (bids below Rs 10L)

      The Small NII category is for NII investors who bid for shares between Rs 2 lakhs to Rs 10 lakhs. The 1/3 of NII category shares are reserved for the Small NII sub-category. This subcategory is also known as Small HNI (sHNI).

    2. bNII (bids above Rs 10L)

      The Big NII category is for NII investors who bid for shares worth more than Rs 10 Lakhs. The 2/3 of NII category shares are reserved for the Big NII subcategory. This subcategory is also known as Big HNI (bHNI).

  • Retail Individual Investors(RII)

    The retail individual investor or NRIs who apply up to Rs 2 lakhs in an IPO are considered as RII reserved category.

  • Employee (EMP)

    A category of eligible employees who have a reserved quota in the IPO.

  • Others

    A category of eligible shareholders or other investors who have a reserved quota in the IPO.

What is the difference between RII, NII, QIB and Anchor Investor?

Disclaimer: The subscription data is taken from the NSE and BSE websites. They are subject to change on a real-time basis. The subscription data provided are for information purposes only and provided by Chittorgarh.com on an 'AS IS' and 'AS AVAILABLE' basis and without warranty, express or implied. Our website does not guarantee or warrant the accuracy, adequacy, or completeness of the information received through the said websites. Chittorgarh.com holds no responsibility of any kind as regards any discrepancies, errors, omissions, losses, or damages. Chittorgarh.com including its affiliates and any of its directors, and employees, shall not be liable for any loss, or damage of any nature, including but not limited to direct, indirect, punitive, special, exemplary, consequential, as also any loss of profit in any way arising from the use of data received. The recipient alone shall be fully responsible / are liable for any decision taken based on such information/data. All recipients should before acting upon the said information make their investigation, and seek appropriate professional advice.

SBI Life Insurance IPO Subscription FAQs

The SBI Life Insurance IPO is subscribed 3.55 by Sep 22, 2017.

SBI Life Insurance IPO Subscription

Investor CategorySubscription (times)
Qualified Institutional12.56
Non Institutional0.70
Retail Individual0.81
Employee Reservations1.02
Others0.38
Total Subscription3.55

Retail category of SBI Life Insurance IPO subscribed 0.81 times as of date Sep 22, 2017. The public issue closes on Sep 22, 2017 for bidding.

An investor can apply in SBI Life Insurance IPO online via bank (using ASBA) or the broker (using UPI). The SBI Life Insurance IPO shares are offered online only.

The SBI Life Insurance IPO is subscribed 3.55 by Sep 22, 2017.

The SBI Life Insurance IPO allotment status is expected on or around Sep 27, 2017. Visit SBI Life Insurance IPO allotment status to check.

The SBI Life Insurance IPO listing date is Tuesday, October 3, 2017. The equity share of SBI Life Insurance Company Ltd will list on BSE, NSE.

Visit SBI Life Insurance IPO subscription status page for real-time bidding information about SBI Life Insurance IPO.

SBI Life Insurance IPO Timetable

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