SBI Life Insurance Company Limited Allots 3.18 crore Equity Shares @Rs. 700

MUMBAI:
SBI Life Insurance Company Limited (“Company” or “Issuer”) has finalized the allocation of 3.18 crore Equity Shares at Rs. 700 per Equity Share aggregating to Rs. 2,226 crore to 69 anchor investors.
Anchor investors include: HDFC Mutual Fund – 7.64%; Canada Pension Plan Investment Board – managed by IM2 – 7.05%; ICICI Prudential Mutual Fund – 6.74%; Government of Singapore – 4.90%; Aranda Investments Pte Ltd. – 4.38%; Pioneer Investment Fund – 3.82%; Reliance Mutual Fund – 3.82%; Birla Sun Life Mutual Fund – 3.82%; Abu Dhabi Investment Authority – Behave – 3.32%; FIL Investments (Mauritius) Ltd. – 3.32%; Axis Mutual Fund – 3.14%; DSP Blackrock Mutual Fund – 3.14%; Kotak Mutual Fund – 3.14%; UTI Mutual Fund – 3.14%; HSBC Global Investment Funds – Indian Equity – 2.47%; Wells Fargo Emerging Markets Equity Fund – 2.25%; Sundaram Mutual Fund – 1.80%; Monetary Authority of Singapore – 1.71%; Reliance Ventures Limited – 1.57%; Blackrock Global Allocation Fund Inc – 1.41%; Kuwait Investment Authority Fund 225 – 1.35%; Blackrock Global Funds Asian Dragon Fund – 1.32%; Eastspring Investments India Balanced Fund – 0.90%; Grandeur Peak International Stalwarts Fund – 0.90%; Rochdale Emerging Markets Mauritius – 0.9%; Indus India Fund (Mauritius) Limited – 0.9%; Segantii India Mauritius (0.9%); Mirae Asset Asia Sector Leader Equity Fund – 0.9%; Baron Emerging Markets Fund – 0.86%; HSBC Indian Equity Mother Fund – 0.85%; University of Notre Dame Du Lac – 0.76%; GMO Emerging Domestic Opportunities Fund A Series of GMO Trust – 0.73%; Tata Mutual Fund – 0.72%; HSBC Mutual Fund – 0.72%; IDFC Mutual Fund – 0.72%; L&T Mutual Fund Trustee Ltd. L&T Equity Fund – 0.72%; Baroda Pioneer Growth Fund – 0.72%; Blackrock Global Funds Global Allocation Fund – 0.67%; Affin Hwang Select Asia (ex Japan) Opportunity Fund – 0.6%; Washington University – Chanakya Capital Partners – 0.58%; Blackrock Global Funds World Financials Fund – 0.54%; Birla Sun Life Insurance Company Limited – 0.52%; HDFC Standard Life Insurance Company Limited – 0.52%; Max Life Insurance Co. Ltd. A/C ULIF00125/06/04 Life Growth 104-Growth Fund – 0.52%; Shriram Life Insurance Co. Ltd. – Policy Holders Fund – 0.52%; Exide Life Insurance Company Limited – Pool Account – 0.52%; Reliance Nippon Life Insurance Company Ltd. – 0.52%; STAR Union Dai-Ichi Life Insurance Company Ltd. – 0.52%; Government Pension Fund Global – 0.48%; Pictet Indian Equities – 0.47%; Retail Employees Superannuation Pty Limited as Trustee for Retail Employees Superannuation Trust – 0.45%; IIFL Special Opportunities Fund – Series 4 – 0.45%; CI Asian Tiger Fund – 0.45%; Pictet Asian Equities Ex Japan – 0.43%; Blackrock Global Allocation V.I. Fund of Blackrock Variable Series Funds. Inc – 0.39%; Black Rock India Equities (Mauritius) Limited – 0.36%; Unisuper Limited as Trustee of Unisuper – 0.33%; Kuwait Investment Authority Fund 224- 0.39%; Affin Hwang Select Asia Pacific (ex Japan) Dividend Fund – 0.29%; Blackrock Pacific Fund Inc. – 0.26%; The Master Trust Bank of Japan Limited as Trustee of Blackrock India Equity Fund – 0.25%; Blackrock Asia Fund -0.25%; Blackrock Global Funds Pacific Equity Fund – 0.25%; Russel Investment Company II Plc. – Russell Emerging Markets Extended Opportunities Fund – Blackrock Asset Management North Asia Limited – 0.24%; The Oriental Insurance Company Ltd. – 0.22%; GP Emerging Markets Strategies LP – 0.22%; Masschusetts Institute of Technologies 2 – 0.22%; GMO Emerging Markets Fund, a Series of GMO Trust – 0.17%; and Destinations International Equity Fund, A Series of Brinker Capital Destinations Trust – 0.04%. 14 Mutual Funds have applied through 49 schemes.
The Company proposes to open on Wednesday, September 20, 2017, an initial public offering up to 120,000,000 Equity Shares of face value of ₹ 10 each (“Equity Shares”) which comprises of an offer for sale of up to 80,000,000 Equity Shares by State Bank of India (“State Bank” or the “Promoter Selling Shareholder”) and up to 40,000,000 Equity Shares by BNP Paribas Cardif S.A. (the “Investor Selling Shareholder” and together with the Promoter Selling Shareholder, the “Selling Shareholders”) (“Offer”), including a reservation of up to 2,000,000 Equity Shares for purchase by Eligible Employees (as defined in “Definitions and Abbreviations” at page 5 of the red herring prospectus dated September 11, 2017 registered by the Company with the Registrar of Companies, Maharashtra at Mumbai (“RHP”) on September 12, 2017) at a discount of Rs. 68 per Equity Share and a reservation of up to 12,000,000 Equity Shares for purchase by State Bank Shareholders (as defined in “Definitions and Abbreviations” at page 7 of the RHP). The Offer would constitute up to 12% of post-Offer paid-up Equity Share capital and the net offer shall constitute 10.60% of the post-Offer paid-up Equity Share capital.
The Price Band for the Offer is fixed from Rs. 685 per Equity Share to Rs. 700 per Equity Share, with a discount to Eligible Employees of Rs. 68 per Equity Share on the Offer Price. Bids can be made for a minimum of 21 Equity Shares and in multiples of 21 Equity Shares thereafter. The Offer will close on Friday, September 22, 2017.
The Lead Managers are 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 and SBI Capital Markets Limited*.
The Equity Shares offered in the Offer proposed to be listed on BSE Limited and National Stock Exchange of India Limited.