SBI Life IPO Issue Date, Allotment Date, Listing Date

SBI Life IPO

SBI Life insurance is a joint venture between State Bank of India (SBI) and BNP Paribas Cardif. It is the second largest private life insurer in India after ICICI Prudential. SBI holds 70.1% and BNP Paribas Cardiff 26%. SBI life insurance is private company, SBI Life started as a joint venture with BNP Paribas in 2001.

The insurance regulator has approved SBI Life Insurance Co. Ltd’s application for an initial public offering (IPO). SBI Life is expected to raise Rs 7,400-8,500 crore through IPO. SBI Life insurance Company valued is Rs 65,000-70,000 crore.

Sbi Life IPO details
Subscription Dates 20 to 22 Sept 2017
Issue Price Rs. 685 – 700 Per Equity Share
Issue Size 120,000,000 Equity Shares
Total IPO Size INR 6500-7000 Crore (approx)
Minimum Lot Size (Bid) 21 Shares
Face Value Rs 10 Per Equity Share
Listing on BSE and NSE
Retail Allocation 35%

 

SBI Life IPO Allotment and Listing details
Allotment Date 27 Sept, 2017
Refund Date 28 Sept, 2017
Demat Account Credit Date 29 Sept, 2017
Listing Date: 03 Oct, 2017
Check Allotment Status: Click here..

 

SBI Life IPO Registrar:

Karvy Computershare Private Limited
Karvy Selenium Tower B, Plot 31-32,
Gachibowli, Financial District, Nanakramguda,
Hyderabad ,Telangana 500 032, India
Phone: +91-40-23312454
Fax: +91-40-23311968
Email: einward.ris@karvy.com
Website: http://karisma.karvy.com

Company Address:

SBI Life Insurance Co. Ltd
Natraj, M.V. Road & Western Express Highway Junction
Andheri (East),
Mumbai – 400 069.
E-mail- info@sbilife.co.in
Website – https://www.sbilife.co.in/
Contact No. – 1800 22 90 90 (Toll Free)

Loading...