Incorporated in 2000, SBI Life Insurance Company Limited is India based private life insurer. SBI Life Insurance is a joint venture between the State Bank and BNPPC. State Bank is India’s largest commercial bank. BNPPC, an insurance subsidiary of BNP Paribas, with operations across 36 jurisdictions internationally, is among the leading credit life insurance businesses globally. BNP Paribas is in top 10 global financial institution in terms of revenue.
SBI Life has product a portfolio of 37 individual and group products, including a range of protection and savings products to address the insurance needs of diverse customer segments.
Company has developed a multi-channel distribution network comprising bank branches of SBI and its associated banks, individual agent network (93,849 agents) and other distribution channels including direct sales and sales through corporate agents, brokers, insurance marketing firms and other intermediaries.
SBI Life turned profitable within the first five years of our operations, and have declared dividends every year since 2012.
Competitive Strengths
- Largest private life insurer in India since 2010.
- Backed by SBI and BNPPC
- Vast multi-channel distribution with pan-India presence (Branches, Agents and Online)
- Strong capital base. Company has not required additional capital infusion since 2008.
- Diversified product portfolio
SBI Life Insurance IPO Details
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹685 to ₹700 per equity share |
| Market Lot | 21 Shares |
| Min Order Quantity | 21 Shares |
| Listing At | BSE, NSE |
| BSE Script Code | 540719 |
| NSE Symbol | SBILIFE |
| ISIN | INE123W01016 |
| Issue Size | Aggregating up to ₹8,400.00 Cr |
| Offer for Sale | Aggregating up to ₹[.] Cr |
SBI Life Insurance IPO Tentative Timetable
| PARTICULAR | DATE |
| IPO Open Date | 20-Sep-17 |
| IPO Close Date | 22-Sep-17 |
| Basis of Allotment Date | 27-Sep-17 |
| IPO Listing Date | 3-Oct-17 |
SBI Life Insurance IPO Lot Size
| Application | Lots | Shares | Amount (Cut-off) |
| Minimum | 1 | 21 | ₹14,700 |
| Maximum | 13 | 273 | ₹191,100 |
IPO Allotment Status
Please Click Hate To Check IPO Allotment Status For SBI Life Insurance Company Ltd
Company Promoters:
The Promoters of the Company are State Bank and BNPPC.
Company Financials:
| PARTICULAR | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 |
| Total Assets | 26,782.89 | 23,110.62 | 25,516.19 | 24,341.77 | 19,756.78 |
| Total Revenue | 302,775.13 | 191,197.24 | 231,864.86 | 173,694.22 | 149,755.25 |
| Profit After Tax | 9,546.53 | 8,441.03 | 8,148.67 | 7,277.53 | 6,301.12 |
Objects of the Issue:
The objects of the Offer are to achieve the benefits of listing Equity Shares on the Stock Exchanges and to carry out the sale of up to 120,000,000 Equity Shares by the Selling Shareholders.
Registrar & Company Details
| Company Contact Information | SBI Life Insurance IPO Registrar |
| SBI Life Insurance Company Ltd NATRAJ, M. V. Road and Western Express Highway Junction, Andheri (East), Mumbai 400 069 Phone: +91 22 6191 1000 Email: investor@sbilife.co.in Website: https://www.sbilife.co.in/ | KFintech Private Limited Selenium Building, Tower-B, Plot No 31 & 32, Financial District,Nanakramguda, Serilingampally, Rangareddi, Telangana India – 500 032. Phone: 1-800-3454001 Email: einward.ris@karvy.com Website: https://karisma.kfintech.com/ |
