The firm is expected to garner an estimated Rs 550-650 crore through the initial share-sale offer
Institutional portion fully subscribed, retail 60% covered, wealthy investor portion subscribed just 8%
Total premium collection by the insurer in last fiscal was about Rs 21,000 cr
Better profitability, superior growth, wide distribution network & strong market-hold place the life insurer's IPO favourably
SBI subsidiary to offer sale from Sept 20-22; Price band fixed at Rs 685-700 per equity share
11.4-mn share offering received bids for 2.08 bn shares, worth around Rs 52,000-cr
The 61.7-mn share offering has so far received total bids for 16.5 mn shares
The price band will be Rs 685-700 per equity share
The company's IPO will close on Friday
IPO of up to Rs 5 bn saw applications for over 12.5 mn shares received, against 2.8 mn shares on offer
A state-owned unit was to list within 165 days after its IPO got approval by govt
Interview with Arijit Basu
Capacit'e is selling new shares in a price range of Rs 245 to Rs 250 apiece
The company had on Friday raised nearly Rs 226 crore from anchor investors
The IPO will raise as much as Rs 8400 crore for SBI Life's two main shareholders - State Bank of India and BNP Paribas Cardif - which are paring their stakes
The IPO will raise as much as Rs 8400 crore for SBI Life's two main shareholders
Second-biggest fund house begins talks to go public
As per RBI guidelines, banks have to list their businesses within three years of operation
Large opportunity and leadership in the business as well as improving margin profile are positives
The company raised Rs 226 crore by allotting 2.29 million shares to eight anchor investors