18 Sep 2017, 12:00 AM

SBI Life Insurance IPO


The IPO of SBI Life Insurance opens on 20 September, 2017 and closes on 22 September, 2017. The company is issuing shares in the price band of Rs.685 to Rs.700. The company is issuing 120,000,000 equity shares of face value of (Rs)10 each.

Issue details
IPO size: Rs.8400 crores
Face value: Rs.10
Retail portion: 35%
Lot size: 21 shares and in multiples thereafter
Maximum subscription amount: Rs.2,00,000
Listing on: both NSE and BSE

IPO schedule
Basis of Allotment: September 27
Refund of application amount: September 28
Credit of shares to demat accounts: September 29
Listing: October 3

To apply for an IPO follow these steps: http://bit.ly/applyforanipo
Keep track of all the upcoming IPOs here: http://bit.ly/upcomingipos
Allotment details can be checked here: http://bit.ly/ipostatuscheck