Sep 20 , 2017 - Sep 22, 2017
Rs.685 – Rs.700 per Equity Share
It is India’s leading private life insurer, in terms of New Business Premium generated in each fiscal year, since Fiscal2010. It was established as a joint venture between the State Bank and BNPPC in 2001.
It has increased market share of New Business Premium generated among private life insurers in India, from 15.87% in Fiscal 2015 to 20.04% in Fiscal 2017 (Source: CRISIL Report). Between Fiscal 2015 and Fiscal 2017, New Business Premium generated increased at a CAGR of 35.45%, which is the highest among the top five private life insurers (in terms of total premium in Fiscal 2017) in India.
|Issuer||SBI Life Insurance Company Limited. (View Report)|
|Issue Type||100% Book Built Issue IPO|
|Issue Period||Issue Opens: Sep 20, 2017|
|Issue Closes: Sep 22, 2017|
|Price Brand||Rs.685 – Rs.700 per Equity Share|
|Issue Size(Rs.)||Offer for sale of 12,00,00,000 equity shares of Rs. 10 each amounting to Rs.8,206 Cr* – Rs.8,386 Cr^|
|Face Value||Rs.10 per Equity Share|
|Minimum Order Quantity Retail:||21 Shares and in multiples thereof|
|QIB*||50% of the issue size (5,30,00,000Equity Shares^) (Rs.3,631 Cr* -Rs.3,710 Cr^)|
|NIB||15% of the issue size(1,59,00,000Equity Shares^) (Rs.1,089 Cr* -Rs.1,113 Cr^)|
|Retail Individual Bidders||35% of the issue size (3,71,00,000 Equity Shares^)(Rs.2,541 Cr* -Rs.2,597 Cr^)|
|Registrar||Karvy Computershare Pvt Ltd|
|Listing||NSE & BSE|
|Book Running Lead Managers||Axis Capital, ICICI Securities, JM Financial, Citi, Kotak, BNP Paribas, Deutsch, SBI Capital Markets|
Public issue of 12,00,00,000 equity sharesof Rs. 10/-each (“equity shares”) of SBI Life Insurance Company Ltd (Company or Issuer).