SBI Life trades below its issue price

India Infoline News Service | Mumbai | October 06, 2017 14:08 IST

The stock is trading below its issue price of Rs 700 per share. The stock was listed on NSE on October 3, at Rs 735 per share, up by 5% or Rs 35 per share, as compared to its issue price of Rs 700.

Sensex Down Graph
SBI Life Insurance Company was trading down by 0.09% at Rs 693 per share on NSE at 1249 hours. The stock opened at Rs 693 per share. The stock has attracted total traded volume of 7,16,906 shares and traded value of Rs 4,967.30 lakh on NSE at 1233 hours.
 
The stock is trading below its issue price of Rs 700 per share. The stock was listed on NSE on October 3, at Rs 735 per share, up by 5% or Rs 35 per share, as compared to its issue price of Rs 700.
 
SBI Life is a joint venture between SBI and BNP Paribas Cardif (BNPPC). Its initial public offer (IPO) of Rs 8,400 crore was oversubscribed 3.58 times between September 20 and September 22.
 
SBI Life is India’s largest private life insurer, in terms of New Business Premium, a position the company has maintained since FY10.
 
Meanwhile, the major benchmark indices Sensex was trading up by 182 points at 31,765 level and Nifty was trading up by 67 points at 9,955 level.

***Note: This is a NSE Chart

Disclaimer: The contents herein is specifically prepared by ‘Dalal Street Investment Journal’, and is for your information & personal consumption only. India Infoline Limited or Dalal Street Investment Journal do not guarantee the accuracy, correctness, completeness or reliability of information contained herein and shall not be held responsible.

 

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