IPO

SBI Life Insurance Company Ltd IPO

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Initial public offer of 120,000,000* equity shares of face value of Rs. 10 each (equity shares) of SBI Life Insurance Company Limited (the company) for cash at a price of Rs. 700 per equity share aggregating to Rs. 8386.4* Crores, through an offer for sale by State Bank of India and BNP Paribas Cardif s.a. (promoter selling shareholders) of 80,000,000* equity shares and 40,000,000* equity shares, respectively, aggregating to Rs. 5590.93* Crores and Rs. 2795.47* Crores, respectively (the offer). This offer includes a reservation of 2,000,000* equity shares (constituting 0.2%* of the post-offer paid-up share capital) for purchase by eligible employees at a discount of 9.71% (equivalent to Rs. 68) on the offer price (as defined in definition and abbreviations) aggregating to Rs. 126.4* Crores (the employee reservation portion) and a reservation of 12,000,000* equity shares (constituting 10%* of the offer) for purchase by state bank shareholders (as defined in definition and abbreviations) for cash at a price of Rs. 700 per equity share aggregating to Rs. 840* Crores (the state bank shareholders reservation portion). The offer constitutes 12%* of the post-offer paid-up share capital and the net offer constitutes 10.60%* of the post-offer paid-up share capital. The face value of the equity shares is Rs. 10 each. The offer price is Rs. 700 per equity share and is 70 times the face value of the equity shares. *subject to finalisation of the basis of allotment.

SBI Life Insurance Company Ltd IPO Subscription Details

Company

SBI Life Insurance Company Ltd

Issue Type

(Book Built Portion)

Open Date

20 Sep

Close Date

22 Sep

Offer Price

700.00

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How to apply IPO on 5paisa app?

  • Login to your 5paisa Mobile Trading App and select the issue in the current IPO section
  • Enter the number of lots and price at which you wish to apply for
  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
  • You will receive a notification to block funds in your UPI app
  • Approve the block request

SBI Life Insurance Company Ltd IPO Frequently Asked Questions

Stove Kraft Ltd, kitchen appliances manufacturer is coming up with its Initial public Offerings on January 25 with the public issue comprising a fresh issue size of ₹412.63Cr.

You can apply for the Stove Kraft IPO using any supported UPI apps. To Apply on 5paisa App follow the procedure mentioned above. For further details Click Here.

Stove Kraft IPO will open on January 25, 2021.

Stove Kraft IPO Lot size is 38 equity shares, that means you can apply for one lot consisting 38 equity shares.

Shares of Stove Kraft will be getting allotted on 02nd February,2021.

Stove Kraft Shares will be getting listed on 05 February, 2021.

Here is the minimum investment calculation of Stove Kraft IPO
Lot size – 38 * Issue Price ₹385 = ₹14,630
Hence the minimum investment amount required to invest in Stove Kraft IPO is ₹14,630. As per the maximum limit that is allowed by SEBI you can apply for 13 lots.

No, one bank account one IPO application is allowed.

Cut off Price for Stove Kraft IPO is ₹14,630


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Contact Details of SBI Life Insurance Company Ltd IPO

Company Contact Information

SBI Life Insurance Company Ltd IPO
Natraj M V Road Andheri(East),
Western Express Highway Juncti,
Mumbai, Maharashtra 400069.

Phone: 91-22-61910000
Email: investor@sbilife.co.in/aniket.karandikar@sbilife.c

SBI Life Insurance Company Ltd IPO Register

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SBI Life Insurance Company Ltd IPO Lead Manager(s)

  • Axis Capital Ltd
  • BNP Paribas
  • Citigroup Global Markets India Pvt Ltd
  • Deutsche Equities India Pvt Ltd
  • ICICI Securities Ltd
  • JM Financial Institutional Securities Ltd
  • Kotak Mahindra Capital Company Ltd
  • SBI Capital Markets Ltd

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