SBI Life Insurance Company Limited IPO to hit markets on Sep 20, 2017

The Initial Public Offering (IPO) of SBI Life Insurance Company Limited will open for subscription by investors on September 20, 2017. The company is coming out with Public Offer of upto 120,000,000 Equity Shares at a price band of Rs 685 to Rs 700 through 100% book building process.

The company is offering a discount of Rs. 68 per Equity Share to Eligible Employees bidding in the Employee Reservation Portion. The issue closes for subscription on September 22, 2017.

JM Financial Institutional Securities Limited, Axis Capital Limited, BNP Paribas, Citigroup Global Markets India Private Limited, Deutsche Equities India Private Limited, ICICI Securities Limited, Kotak Mahindra Capital Company Limited, SBI Capital Markets Limited are the Book Running Lead Managers to the IPO.

JM Financial Services Limited, Kotak Securities Limited, SBICAP Securities Limited, Sharekhan Limited are the Syndicate Members to the IPO.

Karvy Computer Share Private Limited is the registrar to the company.

Source : Equity Bulls

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