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27 September 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 : 91-22-61911000   Fax:91-22-61910338
Email :  investor@sbilife.co.in  
Website :  www.sbilife.co.in
Initial public offer of up to 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)[*] per equity share aggregating up to (Rs)[*] crores, through an offer for sale by State Bank of India and BNP Paribas Cardif S.A. ("Selling Shareholders") of up to 80,000,000 equity shares and up to 40,000,000 equity shares, respectively, aggregating up to (Rs)[*] crores and (Rs)[*] crores, respectively (the "offer"). This offer includes a reservation of up to 2,000,000 equity shares (constituting up to 0.2% of the post-offer paid-up share capital) for purchase by eligible employees at a discount of up to [*]% (equivalent to (Rs)[*]) on the offer price (the "employee reservation portion") and a reservation of up to 12,000,000 equity shares (constituting up to 10% of the offer) for purchase by State Bank shareholders for cash at a price of (Rs)[*] per equity share aggregating up to (Rs)[*] crores (The "State Bank shareholders reservation portion"). The offer would constitute up to 12% of the post-offer paid-up share capital and the net offer shall constitute 10.60% of the post-offer paid-up share capital. The face value of the equity shares is (Rs)10 each Price Band : (Rs)685 to (Rs)700 per equity share of face value (Rs)10 each. Discount to eligible employees: (Rs)68 per equity share on offer price. The Floor Price is 68.50 times the face value and the cap price is 70.00 times the face value.

Issue Money Payable On
Opens On Closes On Application Allotment
20-Sep-17 22-Sep-17 (Rs)685.00-700.00 (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 8220.00  
Post Issue Equity Share Capital 1000.00  
Issue Price (Rs)685.00  
 
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
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