SBI Life Insurance Company Limited IPO
SBI Life Insurance Company Limited was a mainboard IPO in the Life Insurance sector, offered at ₹685–₹700 per share to raise ₹8,400 crore. The issue was subscribed 3.58× overall (QIBs 12.56×, NIIs 0.7×, retail 0.85×). It listed on 3 Oct 2017 at ₹735 and closed its first day at ₹708, a listing gain of +1.1% versus the ₹700 issue price. It now trades around ₹1,659 (+136.9% versus the issue price).
Frequently asked questions
- How many times was the SBI Life Insurance Company Limited IPO subscribed?
- The SBI Life Insurance Company Limited IPO was subscribed 3.58× overall — 12.56× in the QIB category, 0.7× among non-institutional investors, 0.85× in retail.
- What were the SBI Life Insurance Company Limited IPO listing gains?
- SBI Life Insurance Company Limited listed on 3 Oct 2017 at ₹735, closing its first day at ₹708 — a listing gain of +1.1% versus the ₹700 issue price.
- What were the retail allotment odds for the SBI Life Insurance Company Limited IPO?
- Retail was subscribed 0.85×, so a single-lot application had roughly a 100% chance of allotment — most applicants were allotted, and allotment was finalised on 27 Sep 2017.
- What was the price band and lot size of the SBI Life Insurance Company Limited IPO?
- The price band was ₹685–₹700 per share, with a minimum lot of 21 shares (₹14,700 at the upper band).
- Who were the registrar and lead manager for the SBI Life Insurance Company Limited IPO?
- Karvy Computer Share Private Limited was the registrar, and JM Financial was the book-running lead manager.