Initial Public Offering | Upcoming IPO in NSE & BSE Market India | IPO Allotment Status | Geojit
Main Menu
Home > IPO > IPO Synopsis
22 November 2017

IPO Synopsis

SBI Life Insurance Company Ltd
Registered Office: Natraj M V Road Andheri(East),Western Express Highway Juncti , Mumbai - 400069 , Maharashtra , India.
Phone : 91-22-61910000   Fax:91-22-61910338
Email :  investor@sbilife.co.in  
Website :  www.sbilife.co.in
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.

Issue Money Payable On
Opens On Closes On Application Allotment
20-Sep-17 22-Sep-17 (Rs)700.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :21  Further Multiples of :21

  (Rs Cr) Lead Managers to the Issue
Project Cost 0.00
Axis Capital Ltd
Project Financed through Current Offer 8386.40  
Post Issue Equity Share Capital 1000.00  
Issue Price (Rs)700.00  
 
Projects
No Data Found.
Promoted By
State Bank of India  
BNP Paribas Cardif S.A.  
Listing At
BSE 
NSE 
Registrar to the Issue
Karvy Computershare Pvt Ltd 
 
Toll Free number: 1800-425-5501 / 1800-103-5501
FINANCIAL TOOLS