Business description from prospectus – SBI Life Insurance is India’s largest private life insurer, in terms of New Business Premium generated in each fiscal year, since Fiscal 2010. We have also increased our market share of New Business Premium generated among private life insurers in India, from 15.87% in Fiscal 2015 to 20.04% in Fiscal 2017. Between Fiscal 2015 and Fiscal 2017, our New Business Premium generated increased at a CAGR of 35.45%, which is the highest among the top five private life insurers (in terms of total premium in Fiscal 2017) in India.
In Fiscal 2017, we enjoyed a market share of Individual Rated Premium of 20.69% among private life insurers in India and 11.16% of the entire life insurance industry in India. Between Fiscal 2015 and Fiscal 2017, our Individual Rated Premium increased at a CAGR of 37.90 %, the highest among the top five private life insurers (in terms of total premium in Fiscal 2017) in India. We have also issued the highest number of individual life policies annually among the top five private life insurers (in terms of total premium in Fiscal 2017) in India since Fiscal 2014.
Company Promoters:
The Promoters of the Company are State Bank and BNPPC.
| SBI Life Insurance IPO details | |
| Subscription Dates | 20 – 22 September 2017 |
| Price Band | INR 685 – 700 per share |
| Fresh issue | Nil |
| Offer For Sale | 120,000,000 shares (INR 8,220 – 8,400 crore) |
| Total IPO size | 120,000,000 shares (INR 8,220 – 8,400 crore) |
| Minimum bid (lot size) | 21 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
Company Financials:
| Summary of financial Information | |||||
| 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 | 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 |
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.
Tentative timetable in respect of the Offer:
• Bid/Offer Opens On: September 20, 2017
• Bid/Offer Closes On: September 22, 2017
• Finalisation of Basis of Allotment: On or about September 27, 2017
• Initiation of refunds: On or about September 28, 2017
• Credit of Equity Shares to demat accounts: On or about September 29, 2017
• Listing of the Equity Shares on the Stock Exchanges: On or about October 03, 2017
Please contact us today for application at 033 40266300 !!
