SBI Life Insurance Company Ltd IPO

Closed

IPO Synopsis

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.

How to Apply for an IPO?

Login to your 5paisa account 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 mandate notification to block funds in your UPI app
You will receive a mandate notification to block funds in your UPI app

Frequently Asked Questions

What is an IPO?

An Initial Public Offering OR IPO is the process of issuing stock for sale for the first time by a private corporation to the public. A company can issue its stock for sale for the first time to raise money by issuing either debt or equity. In case, the company chooses the equity route, the first such offering of equity shares to the public via listing of the shares in the stock markets is called an IPO.

What is book building?

This is one of the processes that has to do with the pricing of the IPO. An IPO can be made either through book building method, the fixed price method or a combination of both.

While in book building the price at which securities will be offered/allotted is not known in advance to the investor (investor is aware of an indicative price range only), in the fixed price process price at which the securities are offered/allotted is known in advance to the investor.

Who can invest in IPO?

When it comes to an IPO, there are 4 types of investors who can bid, as per SEBI guidelines. They are –

Qualified institutional investors (QIIs)
Anchor investors
Retail investors and
High net-worth individuals (HNIs)/Non-institutional investors (NII).

What is IPO subscription period?

IPO subscription period is the period of time during which investors can promise to purchase shares of a security to be issued as initial public offering (IPO).

What is the IPO application process?

Check: IPO Application Process

For details about the new IPO application process, click here.

How to apply for IPO on 5paisa?

To apply in an IPO with 5paisa:

Login to the 5paisa website or mobile trading app
Go to the Current IPOs section
Select the IPO you wish to apply for
Enter IPO details like price, quantity (lots) and your UPI ID
Check details and Confirm
Approve the UPI notification received on your phone (in BHIM App or your net banking app)

Where can I find the list of upcoming IPOs?

You can easily find it on 5paisa.com

Check: List of Upcoming IPOs in 2021

What are the important things that should be kept in mind before applying for an IPO?

A Red Herring Prospectus, or offer document, is filed by a company to SEBI. This document is very useful to as it provides detailed information about the company’s business operations, financials, promoters and the company’s objective for raising funds.