Exchanges: BSE, NSE
Issue: Book building

SBI Life Insurance Co. IPO

₹707.55

+1.08% on listing

Listing-day close · NSE · 3 Oct 2017 · issue price ₹700

SBI Life Insurance Co.’s ₹8,389 crore IPO was priced at ₹700 a share. It listed on the NSE on 3 Oct 2017 and closed its first day at ₹707.55, up 1.08% on the issue price.

Timeline

Opens20 Sep 2017
Closes22 Sep 2017
Allotment27 Sep 2017
Refunds28 Sep 2017
Shares in demat29 Sep 2017
Listing3 Oct 2017

Issue details

Issue size: ₹8,389 Cr
Fresh issue: —
Offer for sale: ₹8,389 Cr
Lot size: 21 shares
Minimum investment: ₹14,700
Face value: ₹10
Registrar: Kfin Technologies

Subscription

SBI Life Insurance Co. IPO subscription by investor category
Category	Shares offered	Times subscribed
Total	—	2.86×

Overall, from the basis of allotment.

Financials and valuation

Market cap (post-issue): ₹70,000 Cr
Promoter holding: 96.10% → 84.10%

From the offer documents.

Listing

Listing date: 3 Oct 2017
Issue price: ₹700
Open: ₹735.00
High: ₹740.00
Low: ₹701.70
Close: ₹707.55

Listing day on the NSE. The close was +1.08% on the issue price.

SBILIFE share price today

FAQs

When did the SBI Life Insurance Co. IPO open and close?

It opened on 20 Sep 2017 and closed on 22 Sep 2017.

What was the SBI Life Insurance Co. IPO price?

The price band was ₹685–700 a share. The final issue price was ₹700.

What is the lot size and minimum investment?

One lot is 21 shares, ₹14,700 at ₹700 a share. Retail investors apply in whole lots.

How much did SBI Life Insurance Co. raise?

₹8,389 crore: ₹8,389 crore offered by existing shareholders.

How many times was the SBI Life Insurance Co. IPO subscribed?

2.86 times overall.

How did SBI Life Insurance Co. list?

It listed on the NSE on 3 Oct 2017 at ₹735.00 and closed the day at ₹707.55, up 1.08% on the ₹700 issue price.

Who is the registrar of the SBI Life Insurance Co. IPO?

Kfin Technologies handles the allotment, refunds and credit of shares.

For information only. Not investment advice or a research report.

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