Business description from prospectus – SBI Life Insurance is India’s largest private life insurer, in terms of New Business Premium generated in each fiscal year, since Fiscal 2010. We have also increased our market share of New Business Premium generated among private life insurers in India, from 15.87% in Fiscal 2015 to 20.04% in Fiscal 2017. Between Fiscal 2015 and Fiscal 2017, our New Business Premium generated increased at a CAGR of 35.45%, which is the highest among the top five private life insurers (in terms of total premium in Fiscal 2017) in India.
In Fiscal 2017, we enjoyed a market share of Individual Rated Premium of 20.69% among private life insurers in India and 11.16% of the entire life insurance industry in India. Between Fiscal 2015 and Fiscal 2017, our Individual Rated Premium increased at a CAGR of 37.90 %, the highest among the top five private life insurers (in terms of total premium in Fiscal 2017) in India. We have also issued the highest number of individual life policies annually among the top five private life insurers (in terms of total premium in Fiscal 2017) in India since Fiscal 2014.
Promoters of SBI Life Insurance – State Bank of India and BNP Paribas Cardif SA
| SBI Life Insurance IPO details | |
| Subscription Dates | 20 – 22 September 2017 |
| Price Band | INR685 – 700 per share (discount of INR68 for employees) |
| Fresh issue | Nil |
| Offer For Sale | 120,000,000 shares (INR8,220 – 8,400 crore) |
| Total IPO size | 120,000,000 shares (INR8,220 – 8,400 crore) |
| Minimum bid (lot size) | 21 shares |
| Face Value | INR10 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
| SBI Life Insurance’s financial performance (in INR crore) | ||||||
| FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | Q1 FY2018 | |
| Premium earned | 10,345.3 | 10,701.9 | 12,780.0 | 15,665.4 | 20,852.5 | 3,762.6 |
| Profit after tax | 630.1 | 727.8 | 814.9 | 844.1 | 954.7 | 313.4 |
| EPS (INR) | 6.3 | 7.3 | 8.2 | 8.4 | 9.6 | 3.1 |
SBI Life Insurance Company LimitedÂ
NATRAJ, MV Road and Western Express Highway Junction
Andheri (East)
Mumbai 400 069
Phone:Â +91 22 6191 1000
Fax:Â +91 22 6191 0338
Email: [email protected]
Website:Â www.sbilife.co.in
Karvy Computershare Private Limited
Karvy Selenium Tower B, Plot 31-32,
Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana
Phone:Â +91 40 6716 2222Â
Fax:Â +91 40 2343 1551Â
Email:Â [email protected]
Website:Â www.karvycomputershare.com
Earnings Per Share (EPS): INR9.55
Price/Earnings (P/E) ratio: 71.7 – 73.3
Return on Net Worth (RONW): 18.56%
Net Asset Value (NAV): INR55.52 per share
SBI Life Insurance IPO Subscription Details
| Category | Shares offered | Subscription (number of times, at 5 PM) | ||
| Day 1 | Day 2 | Day 3 | ||
| QIB | 21,200,000 | 0.06 | 1.58 | 12.56 |
| NII | 15,900,000 | 0.01 | 0.08 | 0.69 |
| Retail | 3,7100,000 | 0.15 | 0.37 | 0.79 |
| Employees | Â 2,000,000 | 0.17 | 0.44 | 1.01 |
| SBI Shareholders | 12,000,000 | 0.05 | 0.11 | 0.37 |
| Total | 88,200,000 | 0.09 | 0.57 | 3.55 |
SBI Life Insurance IPO allotment status is now available on Karvy Computershare’s website. Click on this link to get allotment status. You can also check allotment status using application number on this link.
IPO Opening Date: 20 September 2017
IPO Closing Date: 22 September 2017
Finalisation of Basis of Allotment: 27 September 2017
Initiation of refunds: 28 September 2017
Transfer of shares to demat accounts: 29 September 2017
Listing Date: 3 October 2017
Listing Price on NSE: INR735 per share (up 5% from IPO price)
Closing Price on NSE: INR707.55 per share (up 1.08% from IPO price)
Not good. Very high valuation & price. After listing then buy…….
yes very high prize as compare to profit after tax
Hi, how can we calculate correct price??
Or how issue price will be decided??? Pls advise
I want to sell my application
Call me
8863805714
No fresh issue: Initial investors are leaving and dumping the shares at very high premium. P/E ratio: very high. SBI work culture: difficult to expect performance. More than 10 players in market. Do not expect any price gain on listing. Most likely, price will fall to below half the IPO price and stagnate after IPO noise settles.
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very High price
SBI life after listing near about 350
Only substantial QIB and HNI subscription will guarantee some listing gain. Otherwise a clear avoid for Retail Investors particularly those who wish to flip the shares on the listing day.
KYA MAIN LANCH DATE PAR LUN YA FIR ABHI WAIT KARU
you can apply just now ..no need to wait ….. some jhol-mole in data others it’s good
What is QIB & NII CATEGARY . ANY ONE PL.EXPLAIN ME
QIB is qualified institutional buyers while NII is Non institutional investors.
Difference Between QIB and NII?
A qualified institutional buyer (QIB) is a corporation that is deemed to be an accredited investor as defined in the Securities and Exchange Commission’s (SEC) Rule 501 of Regulation D. A QIB owns and invests a minimum of $100 million in securities on a discretionary basis; the broker-dealer threshold is $10 million whereas Non Institutional Investors (NIIs) All applicants, other than QIBs or individuals applying for less than Rs. 2,00,000 are considered as NIIs.
Everyone is saying invest for long term, not for listing gains.
What is IPO.
Initial Public Offer ..
it is when a company wants to get listed in share market..
40/- to 50/- upside on listing of sbi life. Better than icici lomberd.
icici ka allotmnt aa gaya ha
Sure retail investor are not so easily fooled anymore.
can I cancel my online application ?
yehhh
how ?
How can I subscribe to offer for sale of shares by the company
What hope on sbi ipo? Is this ipo give good refund?
Did anyone got allotment ?
no I haven’t received any. By what time we will come to know if I have received an allotment?
yes..i got
Congratulations Mate
I got r lot. When should I sell on listing date or later for benefit?
Now looking back it was not a bad IPO for investors who made big applications. I did not apply but 5% on say 1 lac or 2 lac isn’t bad!