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)|
|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|
|Listing On||NSE, BSE|
|SBI Life Insurance’s financial performance (in INR crore)|
|Profit after tax||630.1||727.8||814.9||844.1||954.7||313.4|
SBI Life Insurance Company Limited
NATRAJ, MV Road and Western Express Highway Junction
Mumbai 400 069
Phone: +91 22 6191 1000
Fax: +91 22 6191 0338
Karvy Computershare Private Limited
Karvy Selenium Tower B, Plot 31-32,
Hyderabad – 500 032, Telangana
Phone: +91 40 6716 2222
Fax: +91 40 2343 1551
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|
SBI Life Insurance IPO allotment status is now available on Karvy Computershare’s website.
Click on this linkto 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)