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September 20, 2017 - September 22, 2017

SBI Life Insurance IPO Subscription Details

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 September 22, 2017 (Day 3).

Investor CategorySubscription (times)Shares OfferedShares Bid forTotal Amount (Rs Cr.)*
Qualified Institutions12.5621,200,0000
Non-Institutional Buyers0.7015,900,0000
Retail Investors0.8137,100,0000
Employees1.022,000,0000
Others0.3812,000,0000
Total 3.5588,200,0000

Disclaimer: *The total amount is calculated based on the final issue price or the price in the upper price range.


SBI Life Insurance IPO (Day-wise) Subscription Details (times)

DateQIBNIIRetailEMPOtherTotal
Day 1
September 20, 2017
0.060.010.160.180.050.09
Day 2
September 21, 2017
1.580.080.370.450.110.57
Day 3
September 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?

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SBI Life Insurance IPO Subscription FAQs

The SBI Life Insurance IPO is subscribed 3.55 by September 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 September 22, 2017. The public issue closes on September 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 September 22, 2017.

The SBI Life Insurance IPO allotment status is expected on or around September 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 OnSeptember 20, 2017
IPO Closes OnSeptember 22, 2017
Finalisation of Basis of AllotmentSeptember 27, 2017
Initiation of RefundsSeptember 28, 2017
Credit of Shares to Demat AccountSeptember 29, 2017
IPO Listing DateOctober 3, 2017