SBI Life Insurance Company Limited
20 Sep 2017 – 22 Sep 2017
LISTED
Offer Price
₹685–700
Bid lot
21
Min Application
₹14,700
Issue Size
₹8,400 Cr
Key dates
Open date
20 Sep 2017
Done
Close date
22 Sep 2017
Done
Basis of allotment
—
TBA
Initiation of refunds
—
TBA
Credit to demat
—
TBA
Listing date
03 Oct 2017
Today
Issue reservation
₹8,400 CrQIB 50%Retail 35%5%
QIB
6.00 Cr sh · ₹4200.00 Cr
Retail
4.20 Cr sh · ₹2940.00 Cr
Employee
60.0 L sh · ₹420.00 Cr
BRLM: 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
Lot ladder — how much to bid
1 lot = 21 sharesRetail · Up to ₹2 L1–13 lots
Min · 1 lot
21 sh · ₹14,700
Max · 13 lots
273 sh · ₹1,91,100
S-HNI · ₹2 L to ₹10 L14–68 lots
Min · 14 lots
294 sh · ₹2,05,800
Max · 68 lots
1,428 sh · ₹9,99,600
B-HNI · Above ₹10 L69+ lots
Min · 69 lots
1,449 sh · ₹10,14,300
Entry point
₹10,14,300 onward
Issue details
Lead managersJM 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
Face value₹10
Listing onNSE
RegistrarKarvy Computer Share Private Limited
Live subscription
7.37×
0×1×2×3×+
Oversubscribed
Book₹7,560 Cr
Subscribed₹55,684 Cr
Applications—
Share-wise
by category| Category | Book Size | Subscription | No. of Times |
|---|---|---|---|
| QIB | 6,00,00,000₹4,200 Cr | 75,36,00,000₹52,752 Cr | 12.56× |
| HNI | 1,80,00,000₹1,260 Cr | 1,26,00,000₹882.00 Cr | 0.70× |
| Retail | 4,20,00,000₹2,940 Cr | 3,57,00,000₹2,499 Cr | 0.85× |
| Employee | 60,00,000₹420.00 Cr | 61,80,000₹432.60 Cr | 1.03× |
| Shareholder | 0₹0.00 Cr | 0₹0.00 Cr | 0.38× |
| Total | 10,80,00,000₹7,560 Cr | 79,54,80,000₹55,684 Cr | 7.37× |
*QIB Book Size is Gross — the anchor allocation is not on this record yet.
Subscription Demand
in ₹ crore| Category | Applied |
|---|---|
| QIB | 52,752.00 |
| HNI | 882.00 |
| Retail | 2,499.00 |
| Employee | 432.60 |
| Shareholder | — |
| Total | 55,683.60 |
Amounts at the upper band (₹700). Times figures are computed from the shares this page shows so Book × Times = Subscribed always cross-checks.
Grey-market sentiment
No grey-market data yet.
Documents
RHPOpen ↗
Filed with SEBI / the exchange by the issuer. Opens on the issuer's or the regulator's site.
How to apply
1Create your account & log inSign up on Investoyard and complete a quick KYC.
2Pick the IPO & tap ApplyOpen the live IPO and choose your investor category.
3Enter bid & quantityUp to 3 bids · cut-off or price band · retail cap ₹2,00,000.
4Approve the UPI mandateYou receive a fund-block request on your UPI app.
5DoneFunds stay blocked until allotment, then auto-debited (or released).
Frequently asked questions
What is the minimum investment in the SBI Life Insurance Company Limited IPO?
One lot of 21 shares — ₹14,700 at the upper price band of ₹700.
How many bids can I place?
Up to 3 bids per application. Retail applications are capped at ₹2,00,000; above that you must apply in the HNI category.
When are the funds debited?
Funds are blocked via a UPI mandate at application and debited only on allotment. If shares are not allotted, the block is released automatically.
When will the shares list?
Tentative listing on 2017-10-03 on NSE.