SBI fixes price band for SBI Life IPO

Last Updated: Wed, Sep 13, 2017 12:10 hrs
SBI Life Insurance

According to a recent announcement from the State Bank of India, the proposed IPO for SBI Life, the insurance subsidiary, will be priced at a band of Rs 685-700 per equity share. The shares will be allotted at a face value of Rs 10 each.

Minimum bid lot is fixed at 21 equity shares or in multiples. Eligible employees will stand to earn a discount of Rs 68 per share.

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