IPO Updates 2017

SBI Life Insurance

Industry : Life Insurance

Open Date : 20th Sept. 2017

Close Date : 23th Sept. 2017

Total Fund Raised : 8400 Cr

Total Share : 12 Crores Share

Price Band : 685 - 700

Lot Size : 21 Shares

Minimum fund Req. : 14700 (For 1 Lot

Max Can apply : 2 lakh (13 lot or 273 Shares )

Face Value : INR 10 per share

Company Value : 70000 Crores ( As on 31st March 2017)

Listing Date : 3rd Oct 2017

Listing Exchange : NSE, BSE

About Company

SBI Life Insurance is a joint venture between India's largest lender SBI and BNP Paribas Cardif (BNPPC) -- the insurance holding company of France. SBI holds 70.10 percent in SBI Life and BNPPC 26 percent. Minority shareholders Value Life Pte, an affiliate of KKR Asian Fund and MacRitchie Investments Pte, a wholly-owned subsidiary of Temasek Holdings, hold 1.95 percent each. The objects of the issue to achieve the benefits of listing and enhance the SBI Life brand name and provide liquidity to the existing shareholders.

ICICI Lombard Genral Insurance

Industry : Genral Insurance

Open Date : 15th Sept. 17

Close Date : 19th Sept.

Total Fund Raised : 5700 Cr

Total Share : 86,247,187 shares

Price Band : 651 - 661

Lot Size : 22 Shares

Minimum fund Req. : 14524-/ For 1 Lot

Max Can apply : 200000-/ 13 Lot or 286 Shares

Face Value : INR 10 per share

Company Value : 20300 Crores

About Company

ICICI Lombard founded in 2001 and isa leading private sector general insurance company.It is a joint venture between ICICI Bank Limited and Fairfax Financial Holdings Limited. ICICI Bank has 63.31 per cent and Fairfax will be approximately 22.13 per cent. The IPO will help Fairfax get approval for second general insurance company. Company offers a range of insurance products such as motor, health, crop/weather, fire, personal accident, marine, engineering and liability insurance.

Capacit'e Infraprojects ltd.

Industry : Infrastructre

Open Date : 13th Sept. 17

Close Date : 15th Sept.

Total Fund Raised : 400 Cr

Total Share : 16 Million

Price Band : 245 - 250

Lot Size : 60 Shares

Face Value : Not Confirm

About Company

The company, which is promoted by Rohit Katyal and Rahul Katyal, will utilize the proceeds from the issue for funding working capital requirements, funding purchase of capital assets and for general corporate purposes.

Dixon Technology

Industry : Consumer Electronics

Open Date : 06th Sept. 17

Close Date : 8th Sept.

Total Fund Raised : 600 Cr

Total Share : 30,53,675 Equity Shares

Price Band : 1,760-1,766

Lot Size : 8 Shares

Face Value : 10 Rs

About Company

Dixon Technologies, a consumer electronics and lighting product manufacturer, today filed draft papers with market regulator Sebi to raise an estimated Rs 600-650 crore through initial public offering. Proceeds from the issue will be utilised for setting up a unit for manufacturing of LED TVs at the Tirupati facility, enhancement of backward integration capabilities in the lighting products vertical at Dehradun facility and upgradation of the information technology infrastructure. Besides, the funds will also be used for repayment of loans and for general corporate purposes. IDFC Bank, IIFL Holdings, Motilal Oswal Investment Advisors and Yes Securities are the book running lead managers to the issue.

Bharat Road Network Ltd

Industry : Construction

Open Date : 06th Sept. 17 (Apporx)

Close Date : 09th Sept. Approx

Total Fund Raised : 600 Cr

Total Share : 2.93 Cr.

Price Band : 195 - 205

Lot Size : 73 Shares

About Company

Bharat Road Network is a road build-operate- transfer BOT company in India focused on development, implementation, operation, and maintenance of roads and highways projects. The company is involved in the development, operation and maintenance of national and state highways in several states in India with projects in Uttar Pradesh, Kerala, Haryana, Madhya Pradesh, Maharashtra and Odisha through partnerships with experienced EPC players in the local space where the project is located.


Industry : Marrige Beuro

Open Date : 11th Sept. 17 (Apporx)

Close Date : 13th Sept. Approx

Total Fund Raised : 500 Cr

Total Share : 3 Cr.

Price Band : 683 to 685

Lot Size : 15 Shares

Minimum fund Req. : 10275 RS

Max Can apply : 19 Lot / 285 Share (2 Lakh in Retail category)

Face Value : INR10 per share

About Company

Matrimony.com was launched in 2001 to provide online matchmaking and marriage services. According to their website, the company has over 3,500 employees at 140 branches across India. The company operates multiple portals such as BharatMatrimony.com, communityMatrimony.com and EliteMatrimony.com.

Employers Corner