The SBI Life Insurance IPO date has been confirmed to have started on September 20, 2017 and ended on September 22, 2017.
SBI Life Insurance aims to raise Rs 8,400 crore through an Initial Public Offering (IPO). Share prices are set within the range of ₹685 to ₹700. A minimum of 21 shares is necessary for an application to be valid. A minimum investment of ₹14,700 is mandatory for retail investors.
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Bidding Dates
September 20-22
Price Range
₹685 to ₹700 per share
Face Value
₹10 per share
GMP
₹1,455.75
SBI Life Insurance IPO GMP
The SBI Life Insurance Limited IPO GMP Today is ₹1,455.75.
IPO Overview
The SBI Life Insurance IPO, valued at Rs 8,400.00 crores, is a book-built offering. A public offering comprising 12 crore shares is underway. The SBI Life Insurance IPO bidding period spanned from September 20 to September 22, 2017. The SBI Life Insurance IPO allotment was finalized on September 27, 2017, which fell on a Wednesday. On October 3, 2017, the stocks commenced trading on the BSE and NSE. Investors can expect SBI Life Insurance’s IPO to be priced anywhere from ₹685 to ₹700 per share. SBI Life Insurance Limited IPO GMP Today is ₹1,455.75. The application stipulates that a minimum of 21 shares must be held. ₹14,700 is the minimum investment amount mandated for retail investors.
SBI Life turned profitable within the first five years of our operations, and have declared dividends every year since 2012.
Competitive Strengths
- Largest private life insurer in India since 2010.
- Backed by SBI and BNPPC
- Vast multi-channel distribution with pan-India presence (Branches, Agents and Online)
- Strong capital base. Company has not required additional capital infusion since 2008.
- Diversified product portfolio
SBI Life Insurance IPO Details
| IPO Date | September 20, 2017 to September 22, 2017 |
| Listing Date | October 3, 2017 |
| Face Value | ₹10 per share |
| Price Band | ₹685 to ₹700 per share |
| Lot Size | 21 Shares |
| Total Issue Size | 120,000,000 shares (aggregating up to ₹8,400.00 Cr) |
| Offer for Sale | 120,000,000 shares of ₹10 (aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
SBI Life Insurance Company Financials
| Particulars | For the year/period ended (in Rs. million) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | ||
| Total Assets | 26,782.89 | 23,110.62 | 25,516.19 | 24,341.77 | 19,756.78 | |
| Total Revenue | 302,775.13 | 191,197.24 | 231,864.86 | 173,694.22 | 149,755.25 | |
| Profit After Tax | 9,546.53 | 8,441.03 | 8,148.67 | 7,277.53 | 6,301.12 | |
SBI Life Insurance IPO Timeline
| IPO Open Date | Wednesday, September 20, 2017 |
| IPO Close Date | Friday, September 22, 2017 |
| Basis of Allotment | Wednesday, September 27, 2017 |
| Initiation of Refunds | Thursday, September 28, 2017 |
| Credit of Shares to Demat | Friday, September 29, 2017 |
| Listing Date | Tuesday, October 3, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 22, 2017 |
Company Profile
Since its establishment in 2000, SBI Life Insurance Company Limited has been serving as a private life insurer based in India. SBI Life Insurance emerges from a strategic partnership between the State Bank of India and BNP Paribas. State Bank of India stands as the foremost commercial bank in the country. BNPPC, a subsidiary of BNP Paribas focused on insurance solutions, has a widespread presence in 36 countries and is renowned as a major player in the credit life insurance industry worldwide. Considering revenue metrics, BNP Paribas is included in the top ten global banking institutions. To meet the insurance needs of various consumer categories, SBI Life offers a portfolio of 37 individual
and group products, including a variety of protection and savings solutions. The organization has developed an extensive distribution network comprising SBI and linked bank branches, a substantial individual agent network of 93,849 agents, in addition to diverse channels such as direct sales, corporate agents, brokers, insurance marketing firms, and various intermediaries.
Registrar Info
| Name | Kfin Technologies Limited |
| Phone number | 04067162222, 04079611000 |
| Email ID | einward.ris@karvy.com |
| Website | kosmic.kfintech.com |
Contact Details
| Name | SBI Life Insurance Company Ltd |
| Phone number | +91 22 6191 1000 |
| Email ID | investor@sbilife.co.in |
| Website | sbilife.co.in |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
