SBI Life Insurance Company Ltd IPO
Subscription Details
- Open Date 20 Sep
- Close Date 22 Sep
- Lot Size 21
- IPO Size ₹ 8386.4 Cr
- IPO Price Range ₹ 700
- Min Investment ₹ 14700
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.SBI Life Insurance Company Ltd Financial Status
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Please keep below documents handy:
- PAN Card
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Contact Details of SBI Life Insurance Company Ltd IPO
Contact Information
Address
Natraj M V Road Andheri(East),
Western Express Highway Juncti,
Mumbai, Maharashtra 400069