Business Standard

SBI Life Insurance Company Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

8,386.40 cr

Price Range (₹)

700

Lot Size

21

Min Investment (₹)

14,700.00

Listing Exchange

MumbaiNSE

Open Date

20-Sept-2017

Close Date

22-Sept-2017

Listing Date

03-Oct-2017

SBI Life Insurance Company Ltd News

    The Shares of SBI Life Insurance Company Ltd have now been listed.

    SBI Life Insurance Company Ltd IPO Details

    Initial public offer of 120,000,000* equity shares of face value of Rs. 10 each (equity shares) of SBI Life Insurance Company Limited (the company) for cash at a price of Rs. 700 per equity share aggregating to Rs. 8386.4* Crores, through an offer for sale by State Bank of India and BNP Paribas Cardif s.a. (promoter selling shareholders) of 80,000,000* equity shares and 40,000,000* equity shares, respectively, aggregating to Rs. 5590.93* Crores and Rs. 2795.47* Crores, respectively (the offer). This offer includes a reservation of 2,000,000* equity shares (constituting 0.2%* of the post-offer paid-up share capital) for purchase by eligible employees at a discount of 9.71% (equivalent to Rs. 68) on the offer price (as defined in definition and abbreviations) aggregating to Rs. 126.4* Crores (the employee reservation portion) and a reservation of 12,000,000* equity shares (constituting 10%* of the offer) for purchase by state bank shareholders (as defined in definition and abbreviations) for cash at a price of Rs. 700 per equity share aggregating to Rs. 840* Crores (the state bank shareholders reservation portion). The offer constitutes 12%* of the post-offer paid-up share capital and the net offer constitutes 10.60%* of the post-offer paid-up share capital. The face value of the equity shares is Rs. 10 each. The offer price is Rs. 700 per equity share and is 70 times the face value of the equity shares.*subject to finalisation of the basis of allotment.

    Objective of issue

    SBI Life Insurance Company Ltd Contact Details

    SBI Life Insurance Company Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

    Phone - 91-40-67162222

    Fax - 91-40-23001153/23420814

    Email - investor@sbilife.co.in

    Website - www.sbilife.co.in