SBI Life Insurance IPO Allotment Status Declared

Check SBI Life Insurance IPO Status

You know SBI Life Insurance IPO started. So you want to know details of SBI life insurance IPO allotment status, Price band, start date, end date, share lot size, IPO size, face value, etc.

SBI Life Insurance IPO Allotment Status

SBI Life Insurance IPO Details

SBI Life Insurance IPO Start Date: 20 September 2017

SBI Life Insurance IPO End Date: 22 September 2017

Price band: Rs. 685 to 700 per share

Face value: 10 Rs. Per share

SBI Life Insurance IPO Minimum Amount: 14700 Rs

SBI Life Insurance IPO Size: Approx 8000 crore

Check Also: Allotment status of prataap snacks

Summary SBI Life Insurance IPO

Here we shared details information on SBI Life insurance IPO.

SBI Life Insurance IPO SBI Life IPO Details
SBI Life IPO Start Date 20/09/2017
SBI Life IPO End Date 22/09/2017
Price band Rs. 685 to 700
Minimum Amount 14700
SBI Life IPO Size 8000 Crore (Approx)
Face value Rs. 10 per share
Listing Both BSE & NSE


SBI Life Insurance IPO Subscription

You want to know how many times SBI Life Insurance IPO Subscribe. Then read below table carefully.

Category Offered Share DAY 1 DAY 2 DAY 3
Shareholders 12,000,000 0.05 0.11 0.37
Employees   2,000,000 0.17 0.44 1.01
Retail 3,7100,000 0.15 0.37 0.59
NII 15,900,000 0.01 0.08 0.69
QIB 21,200,000 0.06 1.58 12.56s
Total 88,200,000 0.09 0.57 3.55


Check capacite ipo allotment

SBI Life Insurance IPO Lead Managers

JM Financial Institutional Securities Limited
th Floor, Cnergy
Appasaheb Marathe Marg
Mumbai 400 025
Tel: (91 22) 6630 3030
Fax: (91 22) 6630 3330
Investor grievance e-mail:
Contact person: Prachee Dhuri
SEBI registration number: INM000010361

Axis Capital Limited
st floor, Axis House
C 2 Wadia International Centre
Pandurang Budhkar Marg, Worli
Mumbai 400 025
Tel: (91 22) 4325 2183
Fax: (91 22) 4325 3000
Investor Grievance E-mail:
Contact Person: Simran Gadh
SEBI Registration No.: INM000012029

BNP Paribas
BNP Paribas House, 1 North Avenue
Maker Maxity, Bandra Kurla Complex
Bandra (East)
Mumbai 400 051
Tel: (91 22) 3370 4000
Fax: (91 22) 6196 5194
Investor grievance e-mail:
Contact person: Arkadeep Biswas
SEBI registration number: INM000011534

Citigroup Global Markets India Private Limited
1202, 12th Floor, First International Financial Center
G-Block C54 & 55, Bandra Kurla Complex
Bandra (East), Mumbai 400 098
Tel: (91 22) 6175 9999
Fax: (91 22) 6175 9961
Investor grievance e-mail:
Contact person: Ashish Guneta
SEBI registration number: INM000010718

About SBI Life Insurance IPO

Conversion of shares into stock

Article 87 provides that “The Board may with the sanction of a general meeting, convert any paid up share into stock and when any shares shall have been converted into stock the several holders of such stock may henceforth transfer their respective interests therein or any part of such interest in the same manner as and subject to the same regulations, under which fully paid up shares in the capital of the Company may be transferred or as near thereto as circumstances will admit but the Board may from time to time if it thinks fit, fix the minimum amount of stock transferable and direct that fractions of a rupee shall not be deal with power nevertheless at their discretion to waive such rules in any particular case.”

SBI Life Insurance IPO

Article 88 provides that “The stock shall confer on the holders thereof respectively the same rights, privileges and advantages as regards participation in the profits and voting at all meetings of the Company and for other purposes as would have been conferred by shares of equal amount in the capital of the Company of the same class as the shares from which such stock converted but so that none of such privilege or advantages, except participation in the profits of the Company or in the assets of the Company on a winding up, shall be conferred by any such equivalent part of consolidated stock as would not, if existing in shares have conferred such privileges or advantages.

No such conversion shall affect or prejudice any preference or other special privileges attached to the shares so converted. Save as aforesaid all the provisions herein contained shall so far as circumstances will admit apply to stock as well as to shares. The Company may at any time reconvert any such stock into fully paid up shares of any denomination.”

SBI was incorporated at Mumbai on October 11, 2000 as SBI Life Insurance Company Limited, a public limited company under the Companies Act, 1956. Our Company received a certificate of commencement of business on November 20, 2000. Our Company registered with IRDAI for carrying out the business of life insurance pursuant to registration certificate dated March 29, 2001.

Registered Office and Corporate Office of SBI
SBI Life Insurance Company Limited
‘NATRAJ’, M. V. Road and Western Express Highway Junction
Andheri (East)
Mumbai 400 069
Tel: (91 22) 6191 1000
Fax: (91 22) 6191 0338
CIN: U99999MH2000PLC129113
Registration Number with the IRDAI: 111

Conclusion of SBI Life Insurance IPO

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