The initial public offering of the company is likely to get listed on both of the Exchange i.e. Bombay Stock Exchange and National Stock Exchange. Interested investors can get all the information related to IPO like Price Band and Dates of the IPO, Company Profile, Allotment Status, Listing Dates etc. SBI Life Insurance Company Limited has drafted a Red Herring Prospectus and got approval for the same from the Regulatory firm Securities Board of India. One can apply via ASBA to avail the benefit of listing this IPO. The maximum application of amount for retail investor stood at Rs.2 lacs.

The company is off loading total 120,000,000 equity shares of face value of Rs. 10 each through an offer for sale. The company plans to raise upto Rs.7000 Crores through its IPO.

Company Profile:-

The company was incorporated on October 11, 2000 at Mumbai, India. It is one of the leading private life insurers. The firm is associated as a joint venture between the State Bank and BNPPC in 2001. State Bank of India is an eminent and well known bank in India which provides its services through 24,017 branches and 195 international offices in 36 countries and more than 420 million customers. While, BNPPC is an insurance subsidiary of BNP Paribas, with operations across 36 jurisdictions internationally. The company offers extensive product portfolio of 37 individual and group products comprising a range of protection and savings products to fulfill the needs of its customers. The firm has introduced participating products, non-participating protection products, other non-participating products and unit-linked products under its individual products segment, while credit life group products, other group protection products, group fund management products and other group products are placed and offered under its group products segment. It is operating and running one of the largest distribution and working channels like individual agents, partners, brokers, insurance marketing firms and other intermediaries.

Outlook of the Firm:- 

  1. Maintaining consistency in its growth;
  2. Significant brand equity and pre-eminent Promoters
  3. Global presence via multi-channel distribution with pan-India banc assurance channel and high agent productivity;
  4. Sustainable business model;
  5. Efficient and qualified management team to provide the best services;
  6. Skillful and experienced board of directors and Senior management.  

Objects of the Issue: 

  1. To achieve the benefits of listing Equity Shares on the Stock Exchanges
  2. To carry out the sale of up to 120,000,000 Equity Shares by the Selling Shareholders.
  3. To enhance brand name;
  4. General corporate purpose.

Summary of Issue:

Issue Open:- Sep 20, 2017 to Sep 22, 2017
Issue Type Book Build Issue IPO
Issue Size (Shares) [120,000,000] Equity Shares
Issue Size in (Value) Rs. 8400 crore
Face Value Rs. 10 Per Equity Share
Issue Price Rs. 685 – Rs. 700 Per Equity Share
Market lots 21 Equity Shares
Minimum Order Quantity 21 Equity Shares
Listing At BSE, NSE

 

Important dates for SBI Life Insurance Company Limited IPO Allotment Status

  • The Allotment date for SBI Life Insurance Company Limited IPO issue is expected Sep 26, 2017
  • The amount will get unblocked on Sep 27, 2017 2017.
  • The Shares are expected to credited in DP accounts on Sep 27, 2017 2017.
  • The Shares of SBI Life Insurance Company Limited likely to be listed on Sep 28, 2017 2017 on both BSE and NSE.  

SBI Life Insurance Company Limited IPO Allotment Status

SBI Life Insurance Company Limited IPO allotment status would be available soon after the IPO closure date. Usually the allotment comes within a week from the closing date which in this IPO yet to be announced.

One can check the allotment on the given below link with PAN number or Application number or DP Client Id. All you need to do is to follow these steps:-

  1. Click on the given link See Allotment Status here
  2. Go to Application Status
  3. Select IPO as SBI Life Insurance Company Limited IPO
  4. Enter your PAN Number or Application Id or DP Client Id.

It takes little time to fetch information so you need to be little patient.

Promoters of the Company:-

1) The State Bank Of India.

2) BNP Paridas Cardif S.A.


Financials:-

Particulars For the year/Period ended (Rs. In Millions)
Financial Year 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13
Total  Equity & Liabilities 992252.47 807,245.58 722,366.03 590,175.92 523,086.99
Total Assets 992252.47 807,245.58 722,366.03 590,175.92 523,086.99
Total Income 10,643.67 9,774.40 9,908.43 10,328.81 8,981.21
Profit After Tax (PAT) 9,546.53 8,441.03 8,148.67 7,277.53 6,301.12

 

Book Running Lead Managers Details:-

1) JM Financial Institutional Securities Limited 7th Floor,

Cnergy Appasaheb Marathe Marg Prabhadevi

Mumbai 400 025

Tel: (91 22) 6630 3030

Fax: (91 22) 6630 3330

E-mail: sbilife.ipo@jmfl.com

Investor grievance email: grievance.ibd@jmfl.com

Website: www.jmfl.com

Contact person: Prachee Dhuri

SEBI Registration number: INM000010361

 

2) Axis Capital Limited 1 st floor, Axis House C 2

Wadia International Centre Pandurang Budhkar Marg,

Worli Mumbai – 400 025

Tel: (91 22) 4325 2183

Fax: (91 22) 4325 3000

Email: sbilife.ipo@axiscap.in

Investor grievance email: complaints@axiscap.in

Website: www.axiscapital.co.in

Contact Person: Simran Gadh

SEBI Registration No.: INM000012029

 

3) BNP Paribas* BNP Paribas House 1 North Avenue,

Maker Maxity Bandra-Kurla Complex, Bandra (East)

Mumbai 400 051

Tel: (91 22) 3370 4000

Fax: (91 22) 6196 5194

Email: dl.ipo.sbilife@asia.bnpparibas.com

Investor grievance email: indiainvestors.care@asia.bnpparibas.com

Website: www.bnpparibas.co.in

Contact Person: Arkadeep Biswas

SEBI Registration No.: INM000011534

 

4) Citigroup Global Markets India Private Limited 1202,

12th Floor First International Financial Center G-Block Bandra Kurla Complex,

Bandra East Mumbai 400 098

Tel: (91 22) 6175 9999

Fax: (91 22) 6175 9961

Email: sbi.life.ipo@citi.com

Investor grievance email: investors.cgmib@citi.com

Website: www.online.citibank.co.in

Contact Person: Ashish Guneta

SEBI Registration No.: INM000010718

 

5) Deutsche Equities India Private Limited The Capital,

14th floor C -70, G Block, Bandra Kurla Complex

Mumbai 400 051

Tel: (91 22) 7180 4444

Fax: (91 22) 7180 4199

Email: sbilife.ipo@db.com

Investor grievance email: db.redressal @db.com

Website: www.db.com/India

Contact person: Viren Jairath

SEBI Registration number: INM000010833

 

6) ICICI Securities Limited ICICI Center,

H.T. Parekh Marg Churchgate

Mumbai 400 020

Tel: (91 22) 2288 2460

Fax: (91 22) 2282 6580

Email: sbilife.ipo@icicisecurities.com

Investor grievance email: customercare@icicisecurities.com

Website: www.icicisecurities.com

Contact person: Vishal Kanjani/Govind Khetan

SEBI Registration number: INM000011179

 

7) Kotak Mahindra Capital Company Limited 1st Floor,

27 BKC, Plot No. 27, “G” Block, Bandra Kurla Complex, Bandra (East),

Mumbai 400 051

Tel: (91 22) 4336 0000

Fax: (9122) 6713 2447

Email: sbilife.ipo@kotak.com

Investor grievance email: kmccredressal @kotak.com

Website: www.investmentbank.kotak.com

Contact Person: Ganesh Rane

SEBI Registration No.: INM000008704

 

8) SBI Capital Markets Limited* 202, Maker Tower ‘E’ Cuffe Parade

Mumbai 400 005

Tel: (91 22) 2217 8300

Fax: (91 22) 2218 8332

Email: sbilife.ipo@sbicaps.com

Investor grievance email: investor.relations@sbicaps.com

Website: www.sbicaps.com

Contact person: Gitesh Vargantwar/Sambit Rath

SEBI Registration number: INM000003531

 

Registrar To The Issue:-

Karvy Computershare Private Limited Karvy Selenium

Tower B, Plot 31-32 Gachibowli, Financial District Nanakramguda

Hyderabad 500 032

Tel: (91 40) 6716 2222

Fax: (91 40) 2343 1551

Email: einward.ris@karvy.com

Investor grievance email: sbilife.ipo@karvy.com

Website: https://karisma.karvy.com

Contact person: M. Murali Krishna

SEBI registration number: INR000000221

 

Registered Office Details:-

‘NATRAJ’, M. V. Road and Western Express Highway Junction,

Andheri (East), Mumbai 400 069

Tel: (91 22) 6191 1000;

Fax: (91 22) 6191 0338

Contact Person: Aniket K. Karandikar,

Company Secretary and Compliance Officer; E-mail: investor@sbilife.co.in;

Website: www.sbilife.co.in

Corporate Identity Number: U99999MH2000PLC129113

 

To Invest In IPO, Submit Details Given Below

To Download Application Form click here