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Offer for Sale - SBI Life Insurance Company Ltd


Posted on 25-Jun-2019 Comments  0

The promoters of SBI Life Insurance Company Ltd have intimated the National Stock Exchange of India Ltd (NSEIL) of the proposed Offer for Sale of shares on June 25, 2019 & June 26, 2019. The Offer for Sale shall be in accordance with Exchange Scheme circular NSE/CMTR/39979dated January 18, 2019.

Issue details of SBI Life Insurance Company Ltd  :


Issue details for live session

Company Name

SBI Life Insurance Company Ltd  

Symbol

SBILIFE

Series

IS (Non retail category)

RS (Retail category – Bid value < or = Rs 2 lacs)

ISIN

INE123W01016

Issue size

Upto 25,000,000 equity shares of Rs 10/- each.

Date of Offer

June 25, 2019 & June 26, 2019

Floor Price

Rs 650/-

Market Lot

1 Equity share

Tick Size

Rs 0.05

 

Non Retail category Bidding details (IS Series)

Bidding session Date

June 25, 2019

Bidding session Time

09:15 Hrs to 15:30 Hrs.

Series

IS (Non retail category)

Date to indicate carry forward of unallocated Bids in Non-retail category*

June 26, 2019

Carry Forward Timings

09:15 Hrs to 15:30 Hrs.

 

* Clients who want to carry forward their unallocated non-retail bids on T+1 shall have to modify such bids and opt to carry forward the bids on the NEAT terminal of IPO. For further details refer circular NSE/CMTR/39979 dated January 18, 2019.  To understand further, please click here

 

Retail / General category Bidding details (RS Series)

Bidding session Date

June 26, 2019

Bidding session Time

09:15 Hrs to 15:30 Hrs.

Series

RS (Retail category)

Bidding at Cut-off - ‘RS’series

Cut-off available - Default option on order entry Screen

Reservation portion %

10% of offer size

 

To understand more about Offer for sale, please click here.

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