SBI Life Insurance Company Ltd IPO DetailIssue Detail: |
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| Issue Open Date | Sept 20th , 2017 | Price Band : | Rs 685 – Rs 700 | |
| Issue Open Date | Sept 22th , 2017 | Minimum Bid Qty : | 21 | |
Objects Of The Issue :
The objects of the Offer are to achieve the benefits of listing Equity Shares on the Stock Exchanges and to carry out the sale of up to 120,000,000 Equity Shares by the Selling Shareholders.
Business Description :
Incorporated in 2000, SBI Life Insurance Company Limited is India based private life insurer. SBI Life Insurance is a joint venture between the State Bank and BNPPC. State Bank is India’s largest commercial bank. BNPPC, an insurance subsidiary of BNP Paribas, with operations across 36 jurisdictions internationally, is among the leading credit life insurance businesses globally. BNP Paribas is in top 10 global financial institution in terms of revenue.
SBI Life has product a portfolio of 37 individual and group products, including a range of protection and savings products to address the insurance needs of diverse customer segments.
Company has developed a multi-channel distribution network comprising bank branches of SBI and its associated banks, individual agent network (93,849 agents) and other distribution channels including direct sales and sales through corporate agents, brokers, insurance marketing firms and other intermediaries.
SBI Life turned profitable within the first five years of our operations, and have declared dividends every year since 2012.
Competitive Strengths
- Largest private life insurer in India since 2010.
2. Backed by SBI and BNPPC
3. Vast multi-channel distribution with pan-India presence (Branches, Agents and Online)
4. Strong capital base. Company has not required additional capital infusion since 2008.
5. Diversified product portfolio
Company Promoters:
The Promoters of the Company are State Bank and BNPPC.
Company Financials:
| Particulars | For the year/period ended (in Rs. million) | ||||
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | |
| Total Assets | 26,782.89 | 23,110.62 | 25,516.19 | 24,341.77 | 19,756.78 |
| Total Revenue | 3,02,775.13 | 1,91,197.24 | 2,31,864.86 | 1,73,694.22 | 1,49,755.25 |
| Profit After Tax | 9,546.53 | 8,441.03 | 8,148.67 | 7,277.53 | 6,301.12 |
Company Contact Information :-
SBI Life Insurance Company Ltd
NATRAJ,
M. V. Road and Western Express Highway Junction,
Andheri (East), Mumbai 400 069
Phone: +91 22 6191 1000
Fax: +91 22 6191 0338
Email: investor@sbilife.co.in
Website: https://www.sbilife.co.in/
IPO Registrar :
Karvy Computershare Private Limited
Karvy House, 46, Avenue 4, Street No. 1,
Banjara Hills, Hyderabad – 500 034
Andhra Pradesh, India
Phone: +91-40-23312454
Fax: +91-40-23311968
Email: einward.ris@karvy.com
Website: http://karisma.karvy.com
IPO Lead Manager(s) :
| 1. Axis Capital Limited |
| 2. BNP Paribas |
| 3. Citigroup Global Markets India Private Limited |
| 4. Deutsche Equities India Private Limited |
| 5. ICICI Securities Limited |
| 6. JM Financial Consultants Private Limited |
| 7. Kotak Mahindra Capital Company |