SBI Life Insurance IPO Allotment Status

Know SBI Life Insurance IPO Status

You know how to check SBI life insurance IPO allotment status online? Public offer of up to 120,000,000 Equity Shares through  an  offer for sale by State Bank and BNPPC of up to 80,000,000 Equity Shares and up to 40,000,000 Equity Shares respectively.

SBI Life Insurance IPO Allotment Status

SBI Life Insurance IPO Details

SBI Life Insurance Issue Open- 20, sept, 2017

SBI Life Insurance Issue Close- 22, Sept, 2017

Price Band- Rs 685-700 Per Share

Lot Size- 21 Share

Issue Size – Rs 8220-8400 Cr.

Also Check: PAN card application status

SBI Life Insurance IPO Tentative Schedule

Issue Open- 20, sept, 2017

Issue Close- 22, Sept, 2017

Allotment Date- on or about 28, Sept, 2017

Trading commencement – on or about 03, Oct, 2017

SBI Life Insurance IPO Book Running Lead Managers

There are main 7 book leading lead managers for SBI Life Insurance IPO.

JM Financial

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: Prache  Dhuri

SEBI Registration number: INM000010361

Axis Capital Limited
1st 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

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

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

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

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

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

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

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
E-mail: einward.ris@karvy.com
Investor grievance e-mail: sbilife.ipo@karvy.com
Website: https://karisma.karvy.com,
Contact person: M. Murali Krishna
SEBI registration number: INR000000221

About SBI Life Insurance IPO

SBI Life Insurance company was incorporated at Mumbai on October 11, 2000 as SBI Life Insurance Company Limited, joint venture between STATE BANK OF INDIA AND BNP PARIBAS CARDIF S.A. SBI holds 70.1 percent stake and BNP Paribas holds 26 percent stake pre-Issue. SBI has 23000 branches across the country, making largest banking group in India. SBI also featured in fortune global 500 list. We shared here information how to check SBI Life Insurance allotment status online or offline. BNP Paribas is the life and property & casualty insurance arm of BNP Paribas, one of strongest bank in world, with presence in more than 70 countries.

India’s life insurance penetration stood at 2.7% in 2016.

SBI Life Insurance IPO

compared with  4.4%  in  2010. SBI Life has increased market share of New Business Premium generated among private life insurers in India, from 15.87% in Fiscal 2015 to 20.04% in Fiscal 2017. Between Fiscal 2015 and Fiscal 2017, New Business Premium generated increased at a CAGR of 35.45%, which is the highest among the top five private life insurers (in terms of total premium in Fiscal 2017) in India. In Fiscal 2017, Company enjoyed a market share of Individual Rated Premium of 20.69% among private life insurers in India and 11.16% of the entire life insurance industry in India. Between Fiscal 2015 and Fiscal 2017,companies Individual Rated Premium increased at a CAGR of 37.90 %, the highest among the top five private life insurers (in terms of total premium in Fiscal 2017)  in  India.

SBI Life Competitive Strength

  • Largest private life insurer with a consistent track record of rapid growth
  • Significant brand equity and pre-eminent Promoters
  • Expansive multi-channel distribution with pan-India bancassurance channel and high agent productivity
  • Robust financial position supported by high operating efficiencies
  • Superior investment performance
  • Diversified product portfolio

Risk Factor For SBI Life Insurance IPO

  • An inability to maintain market share, implement growth strategies or effectively address the requirements of specific customer  segments  by  maintaining  a  strategic portfolio of insurance products may materially  and adversely  affect business  operations  and  prospects,  and  consequently  our  financial  condition  and  results  of operations.
  • Any adverse  change  in  relationship  with individual agents and other distribution intermediaries, a decline  in  performance  of agent or other distribution  network  or  an  inability  to  enter  into  additional distribution arrangements may have a material adverse effect on business, results of operations and financial condition.
  • Company investment portfolio is subject to liquidity risk and volatility in the market value of such financial instruments and may be concentrated in certain asset classes.
  • Changes in interest rates may have a material adverse effect on business and results of operations.
  • Any catastrophic event, including any major natural disaster, could result in significant claims which could have a material adverse effect on our business, prospects, financial condition and results of operations.
  • Company business is subject to seasonal fluctuations in operating results and cash flows.
  • Any significant shift in demographic trends and consumer preferences towards life insurance products may have a material and adverse effect on business, financial condition and results of operations.
  • The rate of growth of the Indian insurance market may not be as high or as sustainable as anticipate.

Objects of SBI Life Insurance IPO

The objects of the Offer are to achieve the benefits of listing Equity Shares on the Stock Exchanges and to carry out the sale of up to 120,000,000 Equity Shares by the Selling Shareholders. The listing of Equity Shares will enhance the “SBI Life”brand name and provide liquidity to the existing Shareholders.

SBI Life Insurance Financial Sheet

                                                                                                (Amount in Rs millions)

Particulars As At
31/03/2017 31/03/2016 31/03/2015 31/03/2014
Current Asset 26782.89 23110.62 25516.19 24341.77
Total Income 302775.13 191197.24 231864.86 173694.22
Profit Before Tax 9745.69 8551.05 8293.30 7277.53
Profit After Tax 9546.53 8441.03 8148.67 7277.53

Conclusion of SBI Life Insurance IPO Allotment Status

Hope you know about SBI Life Insurance IPO allotment status. At our website you can see matrimony ipo status, Capacite infra allotment and ICICI lombard ipo status online. We shared also some other latest and trending IPO Status news. So connected with us for more news!

Leave a Reply

Your email address will not be published. Required fields are marked *