SBI Life's Rs 8,400-cr IPO sails through on institutional demand

Published: 22/09/2017
SBI Life's Rs 8,400-cr IPO sails through on institutional demand
Source: WWW.BUSINESS-STANDARD.COM

The Rs 8,400-crore initial public offering (IPO) of SBI Life Insurance Company managed to sail through on high demand from institutional investors. The country's leading private life insurer's IPO, however, failed to enthuse retail and high net-worth individuals (HNIs), with shares in these two categories remaining undersubscribed. SBI Life's 88.2-million share offering received bids for 314 mi

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