IPO Synopsis
Home >> IPO >> IPO Synopsis
SBI Life Insurance Company Ltd
Registered Office:
Natraj M V Road Andheri(East),Western Express Highway Juncti,
Mumbai - 400069,
Maharashtra, India.
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
700.00-0.00
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
700.00
 
Projects
No Data Available!!!
Promoted By
State Bank of India
BNP Paribas Cardif S.A.
Listing At
BSE
NSE
Registrar to the Issue
Karvy Computershare Pvt Ltd
Adani Ports & Special Economic Zone Ltd     399.25   Down   -1.70 (-0.42%)   Ambuja Cements Ltd     265.50   Down   -9.00 (-3.28%)   Asian Paints Ltd     1,167.35   Down   -3.95 (-0.34%)   Aurobindo Pharma Ltd     707.00   Down   -1.80 (-0.25%)   Axis Bank Ltd     545.10   Up   2.70 (0.50%)   Bajaj Auto Ltd     3,235.45   Up   28.60 (0.89%)   Bajaj Finance Ltd     1,801.50   Up   14.15 (0.79%)   Bharat Petroleum Corporation Ltd     504.65   Up   0.65 (0.13%)   Bharti Airtel Ltd     492.45   Down   -1.05 (-0.21%)   Bharti Infratel Ltd     385.05   Up   4.90 (1.29%)   Bosch Ltd     19,285.00   Up   319.10 (1.68%)   Cipla Ltd     600.90   Down   -7.65 (-1.26%)   Coal India Ltd     278.55   Up   5.75 (2.11%)   Dr Reddys Laboratories Ltd     2,304.20   Down   -18.40 (-0.79%)   Eicher Motors Ltd     30,541.35   Down   -166.10 (-0.54%)   GAIL (India) Ltd     459.70   Up   14.95 (3.36%)   HCL Technologies Ltd     839.60   Down   -0.40 (-0.05%)   HDFC Bank Ltd     1,835.75   Up   10.20 (0.56%)   Hero Honda Motors Ltd     3,661.25   Up   30.10 (0.83%)   Hindalco Industries Ltd     259.25   Up   0.40 (0.15%)   Hindustan Petroleum Corporation Ltd     416.75   Up   1.95 (0.47%)   Hindustan Unilever Ltd     1,275.50   Down   -2.65 (-0.21%)   Housing Development Finance Corporation Ltd     1,690.00   Down   -15.50 (-0.91%)   ICICI Bank Ltd     318.50   Down   -6.60 (-2.03%)   Indiabulls Housing Finance Ltd     1,203.15   Up   19.15 (1.62%)   Indian Oil Corporation Ltd     393.40   Down   -1.75 (-0.44%)   IndusInd Bank Ltd     1,651.65   Up   19.75 (1.21%)   Infosys Technologies Ltd     960.20   Down   -10.75 (-1.11%)   ITC Ltd     259.90   Up   1.90 (0.74%)   Kotak Mahindra Bank Ltd     1,040.35   Up   17.15 (1.68%)   Larsen & Toubro Ltd     1,230.55   Up   7.75 (0.63%)   Lupin Ltd     827.10   Down   -2.45 (-0.30%)   Mahindra & Mahindra Ltd     1,402.65   Down   -14.10 (-1.00%)   Maruti Suzuki India Ltd     8,403.45   Up   55.10 (0.66%)   NIFTY (S&P CNX)     10,302.15   Up   18.55 (0.18%)   NTPC Ltd     180.80   Up   3.25 (1.83%)   Oil & Natural Gas Corpn Ltd     179.30   Up   1.70 (0.96%)   Power Grid Corporation of India Ltd     208.55   Down   -0.05 (-0.02%)   Reliance Industries Ltd     921.80   Up   9.90 (1.09%)   State Bank of India     334.10   Down   -3.40 (-1.01%)   Sun Pharmaceuticals Industries Ltd     517.35   Up   0.25 (0.05%)   Tata Consultancy Services Ltd     2,712.10   Up   4.80 (0.18%)   Tata Motors Ltd     423.00   Up   1.20 (0.28%)   Tata Steel Ltd     701.40   Up   0.20 (0.03%)   Tech Mahindra Ltd     477.70   Down   -6.85 (-1.41%)   UltraTech Cement Ltd     4,198.35   Down   -68.70 (-1.61%)   UPL Ltd     728.65   Up   4.45 (0.61%)   Vedanta Ltd     311.60   Up   4.00 (1.30%)   Wipro Ltd     293.15   Down   -2.00 (-0.68%)   Yes Bank Ltd     313.00   Up   6.90 (2.25%)   Zee Entertainment Enterprises Ltd     532.25   Down   -3.25 (-0.61%)      NSE Data  -  www.nseindia.com (5 minutes delayed) syndicated by www.cmots.com