SBI Life Insurance Company IPO
SBI Life Insurance Company Limited (SBILIFE) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 03 October 2017.
Issue details
Listing day
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 2,12,00,000 | 26,63,06,943 | 12.6x | |
| NII (HNI) total | 1,59,00,000 | 1,11,04,422 | 0.70x | |
| Retail | 3,71,00,000 | 3,15,83,412 | 0.85x | |
| Employees | 20,00,000 | 20,58,336 | 1.03x | |
| Shareholders | 1,20,00,000 | 45,38,961 | 0.38x | |
| Total | 8,82,00,000 | 31,55,92,074 | 3.58x |
Bids on NSE and BSE together, as published by NSE. Shares offered exclude the anchor portion. 10% of all shares bid for were at the cut-off price.
Anchor investors: the company's anchor allocation letter is a scanned document we cannot read automatically; open it on NSE (zip).
After listing
| Time after listing | vs issue price ₹700 |
|---|---|
| 1 week | 0.0% |
| 1 month | -8.2% |
| 3 months | -0.3% |
| 6 months | -1.1% |
| 1 year | -18.8% |
NSE closing prices, adjusted for later splits and bonuses. How IPOs do after listing, in general.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to SBI Life Insurance Company's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| ICICI Lombard General Insurance CompanySep 2017 | 8.17x | 0.83x | 1.23x | 2.98x | ₹5,701 Cr | -1.5% | +5.0% |
| Varun BeveragesOct 2016 | 4.94x | 0.42x | 0.82x | 1.86x | ₹1,112 Cr | -3.4% | +6.0% |
| Laurus LabsDec 2016 | 10.5x | 3.58x | 1.67x | 4.57x | ₹1,334 Cr | +14.5% | +16.4% |
| L&T Technology ServicesSep 2016 | 5.01x | 1.03x | 1.75x | 2.53x | ₹894 Cr | +7.0% | +8.3% |
| Eris LifesciencesJun 2017 | 4.68x | 0.45x | 3.51x | 3.29x | ₹1,741 Cr | +1.3% | +4.2% |
| Sheela FoamDec 2016 | 14.5x | 3.35x | 0.44x | 5.09x | ₹548 Cr | +17.8% | +41.4% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| JM Financial Institutional Securities | 109 | +22.8% | 75% |
| Axis Capital | 107 | +20.4% | 73% |
| BNP Paribas | 10 | +10.5% | 50% |
| Citigroup Global Markets India | 35 | +14.2% | 63% |
| Deutsche Equities India | — | — | — |
| ICICI Securities | 109 | +21.3% | 69% |
| Kotak Mahindra Capital Company | 83 | +20.8% | 76% |
| SBI Capital Markets | 56 | +16.7% | 61% |
Offer documents (NSE)
Frequently asked
What is the SBI Life Insurance Company IPO price band and lot size? ₹685–700 per share, with a lot of 21 shares, so the smallest retail bid is ₹14,700.
How many times has it been subscribed? 3.58x overall: QIB 12.6x, NII 0.70x, retail 0.85x, employees 1.03x.
How did it list? It opened at ₹735, +5.0% against the issue price of ₹700, and closed its first day +1.1%.
