Mumbai headquartered, SBI Life Insurance Company Limited ( Incorporated in 2000)is leading private life insurer. It is a joint venture between the State Bank of India and BNPPC(an insurance subsidiary of BNP Paribas) , BNPPC has operations across 36 countries across the world and is among the leading life insurance company across the world whereas BNP Paribas is one of top 10 global financial institution in terms of revenue.
The Company has developed a multi-channel distribution network comprising bank branches of SBI , individual agent network of 93,849 agents.It has also developed 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
1. 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
SBI Life Insurance Company Limited IPO Stock Quote & Charts
- Open: 610.00
- High - Low: 619.00 - 605.00
- Previous Close: 612.85
- Total Traded Volume: 741217
- Updated On: 22-Mar-2019
Objects of the SBI Life Insurance Company Limited IPO:
Benefits of listing Equity Shares on the Stock Exchanges
SBI Life Insurance Company Limited IPO Details:
| Open Date: |
Sep 20 2017 |
| Close Date: |
Sep 22 2017 |
| Total Shares: |
120,000,000 |
| Face Value: |
₹ 10 Per Equity Share |
| Issue Type: |
Book Built Issue IPO |
| Issue Size: |
8,400.00 Cr. |
| Lot Size: |
21 Shares |
| Issue Price: |
₹ 685-700 Per Equity Share |
| Listing At: |
NSE,BSE |
| Listing Date: |
Oct 03 2017 |
Discussion on SBI Life Insurance Company Limited IPO:
