PNB MetLife files DRHP with SEBI for IPO

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PNB MetLife files DRHP with SEBI for the ipo around Rs.2800 crore. The company might dilute 25% stake via IPO as per DRHP. PNB Metlife is a company joint venture of PNB (30%), Metlife (26%), Elpro International (21%), M Pallonji & Co (18%) and J&K Bank (5%). It will be another Life Insurance company after ICICI Prudential Life Insurance, HDFC Life Insurance and SBI Life Insurance to list in stock market. The PNB Metlife IPO might hit the market in September 2018. The PNB Metlife ipo lead managers are Kotak Investment Banking, DSP Merrill Lynch, Citigroup Global Markets India and PNB Investment Services.

PNB MetLife IPO Review:

  • Adding Soon

PNB MetLife IPO Dates & Price Band: (Tentative)

  • IPO Open: 2018
  • IPO Close: 2018
  • IPO Size: Approx Rs. 2800 Crore (Approx)
  • Face Value: Rs.10 Per Equity Share
  • Price Band: Rs.  to   Per Share
  • Listing on: BSE & NSE
  • Retail Portion: 35%
  • Equity: Shares

PNB MetLife IPO Market Lot:

  • Shares: Apply for – Shares (Minimum Lot Size)
  • Amount: Rs.-

PNB MetLife IPO Allotment & Listing:

  • Basis of Allotment: 2018
  • Refunds: 2018
  • Credit to demat accounts: 2018
  • Listing: 2018
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PNB MetLife Financial:

  Rs. in Crore

Company Promoters:

  • Punjab National Bank
  • Metlife International Holding

Quick Links:
DRHP Draft Prospectus
RHP Draft Prospectus

PNB MetLife IPO Registrar:
Link Intime India Private Limited
C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli (West)
Mumbai 400 083 Maharashtra
Tel: (+91) 22 4918 6200
Fax: (+91) 22 4918 6195
E-mail: [email protected]
Investor Grievance Email: [email protected]

PNB MetLife IPO Lead Managers:

  • Kotak Mahindra Capital Company Limited
  • DSP Merrill Lynch Limited
  • Citigroup Global Markets India Private Limited
  • PNB Investment Services Limited

Company Address:
PNB MetLife India Insurance Company Limited
Unit No. 701, 702 & 703, 7th Floor,
West Wing, Raheja Towers,
26/27 M G Road, Bangalore – 560001
Phone: +91-22-41790000
Fax: +91-22-41790203
[email protected]

Note: The ipo price band and dates will be added as it will be officially announced. The ipo grey market premium (ipo gmp) will be added on the grey market page as it will be started)

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