SBI Life Insurance Company Limited

Last Updated-Dec 28, 2017 @ 8:16 pm

sbi life ipo

► ISSUE PERIOD: 20th Sep to 22nd Sep(2017)
► ISSUE TYPE: 100% Book Building
► ISSUE PRICE:  Rs 685 to Rs 700
► ISSUE SIZE: 120,000,000
► LOT SIZE: 21 Shares


SBI Life Insurance Company Limited is a  joint venture between the State Bank of India and BNPPC. It was established in 2001. As of June 30, 2017 it has a portfolio of 37 individual and group products. They have a multi-channel distribution network. It comprises of an expansive bancassurance channel, including State Bank, the largest bancassurance partner in India, a large and productive individual agent network comprising 93,849 agents as of June 30, 2017, as well as other distribution channels including direct sales and sales through corporate agents, brokers, insurance marketing firms and other intermediaries. SBI Life Insurance Company Limited is a leader in Indiain the private life insurance sector, in terms of New Business Premium generated in each fiscal year, since Fiscal 2010.

The company has won the following awards: Life Insurance Company of the Year and Bancassurance Leader Life Insurance (Large Category) at the Indian Insurance Awards 2016 organised by Fintelekt,  the Economic Times Best Corporate Brand, 2016 and the LIMRA and LOMA Social Media Silver Bowl Awards, 2016 at the Social Business Conference for Financial Services in Boston, Massachusetts.


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. The listing of Equity Shares will enhance the “SBI Life” brand name and provide liquidity to the existing Shareholders. The listing will also provide a public market for Equity Shares in India.


State Bank: As of March 31, 2017, State Bank was India’s largest commercial bank in terms of deposits, advances and number of branches (Source: RBI data). Following its recent merger with certain of its associate banks and a non-affiliate bank, with effect from April 1, 2017, State Bank had 24,017 branches and 195 international offices in 36 countries and more than 420 million customers.

BNPPC: BNPPC, an insurance subsidiary of BNP Paribas, with operations across 36 jurisdictions internationally, is among the leading credit life insurance businesses globally. BNP Paribas was a top 10 global financial institution in terms of revenues in 2016 (Source: Fortune Global 500).


Balance sheet: Consolidated (Rupees in million)

sbi life balance sheet


Profit and Loss: Consolidated (Rupees in million)

sbi life profit and loss

Cash Flow: Consolidated (Rupees in million)


Source: DRHP


As on 22-Sep-2017 18:30:01 IST

Investor type Shares Reserved Bids Received(NSE+BSE) No. of times
QIBs 21200000 266306943 12.56
NIIs 15900000 11104422 0.70
RIIs 37100000 30754836 0.83
Employees 2000000 2,052,939 1.0264695
Shareholders 12000000 4531611 0.38
Total 88200000 314750751 3.57

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Issue Period 20-Sep-2017 to 22-Sep-2017
Post issue Modification Period 23-Sep-2017 & 25-Sep-2017 (10.00 A.M. to 1.00 P.M.)
Issue Size Public Offer of upto 120,000,000 Equity Shares
Issue Type 100% Book Building
Price Range Rs 685 to Rs 700
Discount A discount of Rs. 68 per Equity Share to Eligible Employees bidding in the Employee Reservation Portion
Face Value Rs 10
Tick Size Re 1
Bid Lot 21 Equity Shares and in multiples thereof
Minimum Order Quantity 21 Equity Shares
Maximum Subscription Amount for Retail Investor Rs. 2,00,000
IPO Market Timings 10.00 a.m. to 5.00 p.m.
Book Running Lead Managers JM Financial Institutional Securities Limited, Axis Capital Limited, BNP Paribas, Citigroup Global Markets India Private Limited, Deutsche Equities India Private Limited, ICICI Securities Limited, Kotak Mahindra Capital Company Limited, SBI Capital Markets Limited
Syndicate Members JM Financial Services Limited, Kotak Securities Limited, SBICAP Securities Limited, Sharekhan Limited
Categories FI, IC, MF, FII, OTH, CO, IND, NOH, EMP and SHA
Name of the Registrar Karvy Computer Share Private Limited
Address of the Registrar Karvy Selenium Tower B, Plot 31-32, Gachibowli, Financial District, Nanakramguda, Hyderabad ,Telangana 500 032, India
Contact person name number and Email id M Murali Krishna , +91 40 6716 2222,

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Source: NSE


(will be updtaed after the issue is complete)


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