SBI Life IPO Dates, Price Band, Market Lot Details

IPO Initial Public Offerings

SBI Life IPO dates came up and it will hit on 20-September. SBI Life to join ICICI Lombard in almost back to back days and it will be more interesting which ipo to invest in. SBI Life looks more attractive then ICICI Lombard and one can apply for listing gain and long term gain as well.

SBI Life IPO Review:

  • Must Apply for Listing Gain and Longterm Gain

SBI Life IPO Dates & Price Band:(Approx)

  • IPO Open: 20-September-2017
  • IPO Close: 22-September-2017
  • IPO Size: Approx Rs. 8400 Crore (Approx)
  • Face Value: Rs. 10 Per Equity Share
  • Price Band: Rs. 685 to 700 Per Share
  • Listing on: BSE & NSE
  • Equity Shares: 120,000,000

SBI Life IPO Market Lot:

  • Shares: Apply for 21 Shares (Minimum Lot Size)
  • Amount: Rs. 14700

SBI Life IPO Allotment & Listing:

  • Basis of Allotment: 27-September-2017
  • Refunds: 28-September-2017
  • Credit to demat accounts: 29-September-2017
  • Listing: 03-October-2017

SBI Life Financial:
Just look at the results it is impressive as always. SBI is a bigger name in India and SBI Life is doing the best business as well. The PAT is increasing day by day. It is 4464 crore in 2017 with increase of 21% from 2016 while 161% increase from 2013. They have good assets and revenues are going on higher side.

ParticularsResults (Rs. in Crore)
Mar-17Mar-16Mar-15Mar-14Mar-13
Total Assets99225.2580724.5672236.6059017.5952308.70
Total Revenue30277.5.119119.7223186.4917369.4214975.53
Profit After Tax4464.783690.672990.992320.121709.36

Company Promoters:

  • State Bank
  • BNPPC

Quick Links:
DRHP Draft Prospectus

SBI Life IPO Registrar:
Karvy Computershare Private Limited
Phone: +91-40-23312454
Fax: +91-40-23311968
Email: [email protected]
Website: http://karisma.karvy.com

SBI Life IPO Lead Managers:

  • Axis Capital Limited
  • BNP Paribas
  • Citigroup Global Markets India Private Limited
  • Deutsche Equities India Private Limited
  • ICICI Securities Limited
  • JM Financial Consultants Private Limited
  • Kotak Mahindra Capital Company Limited
  • SBI Capital Markets Limited

Company Address:
SBI Life Insurance Co. Ltd
Natraj, M.V. Road & Western Express Highway Junction
Andheri (East),
Mumbai – 400 069.
CIN: U99999MH2000PLC129113

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    8 Responses

    1. Keep Invested. Its a long term bet. Do not panic as there are lots of ipos thats why its not subscribed in retail. In bigger ipos you can expect the same situation. If only SBI Life was there for subscription it might get around 2-3 times in retail not more than that.

    OPEN DEMAT ACCOUNT