SBI Life Insurance, incorporated in 2000, is india’s largest private life insurer in terms of new business generated in each fiscal year, since fiscal 2010. SBI Life established as a joint venture between State Bank and BNPPC in 2001.
As of July 31, 2017, SBI Life had a comprehensive product portfolio of 37 individual and group products. SBI Life had developed a multi-channel distribution network comprising 95,177 agents as of July 31, 2017.
Strengths:
- One of the largest private life insurer with a consistent track record of rapid growth
- Significant brand equity
- Multi channel distribution with pan-India network
- Diversified product portfolio
- Superior investment performance
- Robust financial position
Company Promoters:
- State Bank of India
- BNP Paribas
Financial Status of SBI Life: (Rs. In Millions)
| Particulars | 2016-17 | 2015-16 | 2014-15 | 2013-14 | 2012-13 |
| Total Assets |
26,782.89 |
23,110.62 | 25,516.19 | 24,341.77 |
19,756.78 |
| Total Revenue |
302,775.13 |
191,197.24 | 231,864.86 | 173,694.22 |
149,755.25 |
| Profit After Tax |
9,546.53 |
8,441.03 | 8,148.67 | 7,277.53 |
6,301.12 |
End use of Issue proceeds:
- Offer for sale of of upto 120,000,000 equity shares of existing shareholders.
- SBI Life will not receive any proceeds from the offer.
Issue Details:
IPO Date: 20th Sep, 2017 to 22nd Sep, 2017
IPO Size: Approx. 8400 crore
Face Value: Rs. 10 per equity share
Issue Price: Rs. 685 to 700 per equity share
Bid Lot: 21 equity shares and multiples thereafter
Prospectus:
click here for Red herring prospectus
Registrar to the Issue:
Karvy Computershare Private Limited
Allotment Status:
click here for Allotment status
Basis of Allotment:
Allotment not yet completed
CH & Associates 