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

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 Category	Subscription (times)
Qualified Institutions	12.56
Non-Institutional Buyers	0.70
Retail Investors	0.81
Employees	1.02
Others	0.38
Total	3.55

SBI Life Insurance IPO Subscription Details (times)

Date	QIB	NII	Retail	EMP	Total
Day 1 Sep 20, 2017	0.06	0.01	0.16	0.18	0.05	0.09
Day 2 Sep 21, 2017	1.58	0.08	0.37	0.45	0.11	0.57
Day 3 Sep 22, 2017	12.56	0.70	0.81	1.02	0.38	3.55

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.

Category	Shares Offered	Amount (Rs Cr)	Size (%)
QIB	21,200,000	1,484.00	24.04%
NII	15,900,000	1,113.00	18.03%
Retail	37,100,000	2,597.00	42.06%
Employee	2,000,000	140.00	2.27%
Others	12,000,000	840.00	13.61%
Total	88,200,000	6,174.00	100%

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?

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SBI Life Insurance IPO Subscription FAQs

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