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SBI Life IPO Prospectus
What Are Analysts Saying?
SBI Life Insurance IPO: A long term investor may opt the issue
SMC, 19 Sep 2017
SBI Life has seen robust growth in premium income during the past financial year and has declared dividends every year since Fiscal 2012. It is expected that company would see good growth going forward. However the issue looks expensive. A long term investor may opt the issue.
SBI Life Insurance IPO: Subscribe the issue from a long-term prospective
Asit C. Mehta, 19 Sep 2017
SBI Life is the largest life insurance provider in India with 21% life insurance market and 11% as a whole of the insurance industry. At the upper price band, asking price is at a P/EV (price/embedded value) of 4.1X at FY17 EV of Rs. 1,65,379mn, which is fairly priced. Subscribe.
SBI Life Insurance IPO: Subcribe the issue for long term
Hem Securities, 19 Sep 2017
Company is bringing the issue at p/e multiple of 55-56 on post issue Q1FY18 annualized eps of Rs 12.54. We recommend \"Subscribe” on issue for long term.
SBI Life Insurance IPO: Healthy Investment Opportunity on Multiple Tailwinds
Reliance Securities, 19 Sep 2017
Being the market leader in new business premium, SBI Life is set to be a key beneficiary of strong growth in Indian life insurance industry over the next few years owing to low life insurance penetration.
Issue Details
Open Date: 20 Sep 17
Close Date: 22 Sep 17
Offer Price: Rs. 685
Issue Size: Rs. 8,400.00 Cr
Min Application Amount:
Rs. 14385
Min bid (No. of shares): 21
Listing Exchanges: BSE, NSE
About the Company
"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."
Objective of the Issue
"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."
Subscription Details
Investor Category No of times
Qualified Institutional Investor -
Non Institutional Investor -
Retail Investor -
Total -