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SBI Life Insurance IPO Subscription Details (Live Status)

SBI Life Insurance IPO Details

Issue Open Sep 20, 2017
Issue Close Sep 22, 2017
IPO Price ₹700
Face Value ₹10
IPO Size ₹8,400.00 Cr
Listing At BSE, NSE
IPO 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 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)

DateQIBNIIRetailEMPOthersTotal

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.

CategoryShares Offered%
QIB21,200,00024.04%
NII15,900,00018.03%
Retail37,100,00042.06%
Employee2,000,0002.27%
Others12,000,00013.61%
Total88,200,000100%

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)

    Individual investors, NRIs, companies, trusts, etc who bid for more than Rs 2 lakhs are known as Non-institutional bidders or NII. They need not register with SEBI like QIIs.

  • Retail Individual Investors(RII)

    The retail individual investor or NRIs who apply up to Rs 2,00,000 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.

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