SBI Life IPOsubscription to start from 20th September. SBI Life IPO is another insurance company is going to have good subcription. ICICI Lombard was not subcribed in retail section as expected but a bigger size ipos and SBI Life might be one of the reason. SBI Life will subscribe fully in all the categories. We can expect 2-3 times in retail while QIB around 7-8 times and HNI will be around 2-3 times. Lets see how it will come out after last day of subscription. Check SBI Life IPO gmp by day to day.
SBI Life IPO Subscription: (Fully Subscribed)
| Day | QIB | NII | RII | EMP | SH | Total |
| Day 1 | 0.06 | 0.01 | 0.16 | 0.18 | 0.05 | 0.09 |
| Day 2 | 1.58 | 0.08 | 0.37 | 0.45 | 0.11 | 0.57 |
| Day 3 | 12.56 | 0.70 | 0.81 | 1.02 | 0.38 | 3.55 |
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
