PNB Metlife India IPO – Review, Allotment, Subscription, GMP Price & more
Last Updated Date: Aug 31, 2023Let’s have a detailed review of the company and analytics of the PNB Metlife IPO release date, IPO offer price, subscription, PNB Metlife Limited IPO allotment, grey market price and other details like the company’s background, its financial positions, PNB Metlife IPO promoters and other related things.
| Face Value | Rs 10 |
| Price Band | NA |
| Listing At | NA |
| Min. Order Quantity | NA |
| Listing Date | NA |
| Offer for Sale | Rs [●] Lakhs |
| Fresh Issue | Rs [●] Lakhs |
| IPO Size | Rs [●] Lakhs |
| Tick Size | Rs.1 |
PNB Metlife IPO is listed at [●] premium. Check out the live share price by clicking on the below link.
| PNB Metlife Share Price – Live Performance |
Summary of PNB Metlife India IPO
PNB Metlife India was one of the top 10 private life insurance companies in India based on total new business premium in Fiscal 2018 and are growing rapidly with a compounded annual growth rate of 19.85% in total new business premium from Fiscal 2015 to Fiscal 2018, according to CRISIL .Their history and relationships with MetLife and PNB have enabled them to become a strong, professionally managed company with the capabilities necessary to take advantage of significant opportunities in the fast growing Indian life insurance market.
They have a pan-India, multi-channel distribution network and a comprehensive product portfolio and provide an end-to-end customer-centric service experience. The Issue comprises of a Public Issue of 495,898,076 Equity shares of face value of Rs.10.00 each fully paid.
The Promoters of this company are PUNJAB NATIONAL BANK and METLIFE INTERNATIONAL HOLDINGS, LLC. The lead manager to the issue is Kotak Mahindra Capital Company Limited, DSP Merrill Lynch Limited, Citigroup Global Markets India Private Limited and PNB Investment Services Limited and the Registrar to this issue is Link Intime India Private Limited
PNB Metlife India IPO Date
The opening and the closing date of IPO of PNB Metlife India is not known yet.
Check out Related IPO Links:
| PNB Metlife India IPO GMP |
| Allotment of PNB Metlife India IPO |
PNB Metlife India IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – | ||||
| 2nd Day – | ||||
| 3rd Day – | ||||
| Shares Offered or Net Issue |
The shares subscribed by the public will be updated herein on a daily basis, once the IPO is open for subscription.
PNB Metlife India IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment status is not yet disclosed.
PNB Metlife IPO Listing Date
Find the dates below on basis of allotment, refund, listing and more:
| Basis of Allotment Finalization | – |
| Refunds Initiation | – |
| Credit of Shares to Demat Account | – |
| Share Listing Date | – |
PNB Metlife India IPO Price Band / Cash Price
The face value of each share is Rs 10, but the price band of the IPO is not yet disclosed.
PNB Metlife India IPO Equity Size
This Initial Public Issue of 49,58,98,076 Shares of Rs.10 each for cash at a price of Rs.[●] per equity share aggregating to Rs.[●] Lakhs.
PNB Metlife IPO Share Offering
Fresh Issue: The Fresh Issue of [●] Eq Shares by their Company, aggregating to Rs.[●] Lakhs,
Issue Size: [●] Eq Shares of Rs.10 each, aggregating to Rs.[●] Lakhs
Offer for Sale: Offer for sale consists of Up to [●] Eq Shares of face value of Rs.10 each, aggregating Rs.[●] Lakhs.
PNB Metlife IPO – Live Performance
The listing date of this IPO is [●]. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – PNB Metlife Share Price |
PNB Metlife IPO Grey Market Premium
The PNB Metlife Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
PNB Metlife India Limited – Company Overview
PNB Metlife India was one of the top 10 private life insurance companies in India based on total new business premium in Fiscal 2018 and are growing rapidly with a compounded annual growth rate of 19.85% in total new business premium from Fiscal 2015 to Fiscal 2018, according to CRISIL .Their history and relationships with MetLife and PNB have enabled them to become a strong, professionally managed company with the capabilities necessary to take advantage of significant opportunities in the fast growing Indian life insurance market. They have a pan-India, multi-channel distribution network and a comprehensive product portfolio and provide an end-to-end customer-centric service experience. Their product portfolio covers three principal customer needs – savings, protection and pension, which in Fiscal 2018 accounted for 82.10%, 14.89% and 3.01% of our total new business premium, respectively, and 93.41%,4.09% and 2.51% of their individual new business premium, respectively.
The Company is promoted by PNB and MIHL and are the guiding force behind the growth and strategic decisions of the Company.
PNB Metlife India Limited – Financial Statements
A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Millions) | |||||
| 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | |
| Total Assets | 184,470.97 | 164,888.75 | 146,060.02 | 139,709.21 | 122,734.96 |
| Total Revenue | 1,352.88 | 1,234.24 | 496.77 | 408.61 | 1,837.23 |
| Total Expense | 581.94 | 766.92 | 347.91 | 277.61 | 550.50 |
| Profit After Tax | 1,416.92 | 1,034.22 | 677.11 | 625.18 | 1,749.84 |
Earnings per Equity Share (in Millions)
| 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | |
| Basic & Diluted | 0.70 | 0.51 | 0.34 |
From FY 2014-15 to FY 2016-2017, as per the Restated Financial Statements,
From fiscal 2016 to 2017, company’s revenue from operations and net profit has increased at a growth rate of 59.75% and 52.74%, respectively.
For the period ended March 31, 2018, FY 2017-16 and FY 2016-15, its revenue from operations was Rs.1,352.88 Millions, Rs. 1,234.24 Millions and Rs.496.77 Millions respectively representing growth of 59.75% from FY 2016-17 . For the period ended March 31, 2018, FY 2017-16 and FY 2016-15 our net profit was Rs1,416.92 Millions, Rs. 1,034.22 Millions and Rs.677.11 Millions, respectively, representing a growth of 52.74% from the FY 2015-16 to FY 2016-17.
- During all the financial years there is no other income of the company.
- Company’s Net Profit after tax for the year 2017-18 is Rs. 1,416.92 Millions from the year 2016-17 of Rs. 1,034.22 Millions showing an increase of 37% from last year, showing remarkable performance.
PNB Metlife India IPO – Promoters
The Promoter of this company are:
- PUNJAB NATIONAL BANK
- METLIFE INTERNATIONAL HOLDINGS, LLC
List of Related Parties (Key Managerial Personnel)
- Ashish Kumar Srivastava – Interim CEO & Principal Officer (From 31/03/2017 to 30/09/2017) & Managing Director (effective from October 01, 2017)
Business strategies of PNB Metlife India Limited:
- Increasing the activation of the PNB branch network and deepening our penetration of the PNB customer base.
- Growing and diversifying our multi-channel distribution footprint to strengthen our position in various geographies and customer segments.
- Deliver products aligned to the diverse needs of Indian customers supported by an end-to-end customer centric service experience.
- Driving profitability by leveraging scale and increasing persistency.
- Utilizing information technology and implementing digitization to drive efficiencies.
PNB Metlife India IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to [●] Equity Shares aggregating up to Rs.[●] Lakhs |
| of which: | |
| Market Maker Reservation Portion | Up to [●] Shares aggregating up to Rs.[●] Lakhs |
| Net Issue to the Public | Up to [●] Equity Shares aggregating up to Rs.[●] Lakhs |
| Of which: | |
| Retail Portion | [●] Shares aggregating to Rs.[●] Lakhs |
| Non – Institutional Portion | Not less than [●] Equity Shares |
| Equity Shares outstanding prior to the Issue | [●] Equity Shares |
| * Equity Shares outstanding after the Issue | [●] Equity Shares |
PNB Metlife India IPO Issue Object
These are the IPO Issue Objects of the company-
- to carry out the sale of up to 495,898,076 Equity Shares.
- to enhance the “PNB MetLife” brand name and provide liquidity to the existing Shareholders.
PNB Metlife India IPO – Basis of the Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Their pan-India, multi-channel distribution network positions us to access a demographically and geographically broad customer base across India
- Their comprehensive product portfolio addresses the diverse and evolving needs of Indian customers, and is complemented by an end-to-end customer-centric service experience
- Scalable platform positions us for profitable growth
- Their experienced management team
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-16 | 0.34 | 8.50 | 4.12 |
| 31-Mar-17 | 0.51 | 11.73 | 4.64 |
| 31-Mar-18 | 0.70 | 14.11 | 5.34 |
- Competitive Peers:
| Particulars | Face Value (in Rs.) | EPS (In Rs.) | P/E Ratio | RONW (%) | NAV (In Rs.) |
| PNB Metlife India Company Limited – | 10 | 0.70 | 5.34 | [●] | 14.11% |
| ICICI Prudential Insurance Company Limited* Consolidated | 10 | 11.28 | 47.96 | 35.78 | 24.36% |
| SBI Life Insurance Company* Consolidated |
10 | 11.50 | 65.28 | 57.37 | 19.05% |
| HDFC Life Insurance Company Limited* Consolidated | 10 | 5.53 | 23.60 | 89.39 | 25.83% |
PNB Metlife India Insurance IPO Lead Managers
| Lead Managers |
| Kotak Mahindra Capital Company Limited
DSP Merrill Lynch Limited Citigroup Global Markets India Private Limited PNB Investment Services Limited |
PNB Metlife India IPO Registrar to offer
| Registrar to the Offer |
| Link Intime India Private Limited C-101, 1st Floor, 247 Park, L.B.S. Marg, Vikhroli (West) Mumbai 400 083, Maharashtra, India Tel: (+91) 22 4918 6200, Fax: (+91) 22 4918 6195 E-mail: pnbmetlife.ipo@linkintime.co.in Investor Grievance Email: pnbmetlife.ipo@linkintime.co.in Website: www.linkintime.co.in, Contact Person: Shanti Gopalkrishnan SEBI Registration No.: INR000004058 |
Other Details:
- Statutory Auditor – K. S. Aiyar & Co.
- Peer Review Auditor – Thakur, Vaidyanath Aiyar & Co
- Bankers to the Company – Punjab National Bank, Citi Bank N A, HDFC Bank Limited
PNB Metlife India IPO Review by Top 10 Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.7/10 | 7.7/10 | 7.8/10 | 7.3/10 | 7.7/10 |
| Sharekhan | 7.4/10 | 7.4/10 | 7.5/10 | 7.7/10 | 7.8/10 |
| Kotak Securities | 7.7/10 | 7.4/10 | 7.3/10 | 7.8/10 | 7.5/10 |
| ICICI Direct | 7.8/10 | 7.7/10 | 7.5/10 | 7.5/10 | 7.7/10 |
| IIFL | 7.5/10 | 7.8/10 | 7.3/10 | 7.7/10 | 7.5/10 |
| Edelweiss | 7.3/10 | 7.5/10 | 7.7/10 | 7.3/10 | 7.3/10 |
| Zerodha | 7.7/10 | 7.3/10 | 7.7/10 | 7.5/10 | 7.7/10 |
| 5Paisa | 7.9/10 | 7.5/10 | 7.8/10 | 7.3/10 | 7.3/10 |
| Karvy | 7.7/10 | 7.3/10 | 7.5/10 | 7.5/10 | 7.7/10 |
| Motilal Oswal | 7.9/10 | 7.7/10 | 7.3/10 | 7.3/10 | 7.7/10 |
PNB Metlife India IPO News
News 1 – IPO ISSUE OPENS SOON (Download Prospectus)
PNB Metlife IPO Review FAQs
Ques – What is the Issue Size of PNB Metlife IPO?
Answer – The Company is making an initial public offer of NA equity shares. We vividly portray the aspects of the issue in this article. You can check the stats on fresh issue, Offer for sale, and the net issue.
Ques – What is the Price band?
Answer – The price band for this particular IPO ranges between NA. As far as the face value of the share is of concern, it is Rs.10 per share.
Ques – What is the PNB Metlife IPO Open Date?
Answer – The opening and closing date for the IPO have been updated. The IPO is set to open on NA, while the closing date is set at NA.
Ques – What is the IPO Allotment Date?
Answer – We also have the news regarding the respective allotment dates. Basis of Allotment finalization is on NA, refund initiation is on NA, credit of shares is on NA and share listing date is on NA.
Ques – What is the IPO Listing Date?
Answer – Shares of this company shall be listed in the exchanges NA. Date when the listing would be done is stagnant on NA.
Ques – Who is the Registrar of this IPO?
Answer – One of the reputed registrars are managing the issue of this IPO, i.e. NA. Their website will help you regarding the further information you are on a lookout for.
Ques – Who is the Promoter of this Company?
Answer – Here are the promoters of this company – NA. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
Ques – What is GMP of PNB Metlife IPO?
Answer – We have obtained the GMP of this IPO and it is NA. The further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Ques – Is PNB Metlife IPO good for Investment?
Answer – We have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
Ques – What is the PAT of this Company?
Answer – We have the information of company financials, and according to that, we have the figures from the last few years to provide. PAT for the financial year 2020 in Lakhs is NA, 2019 is NA, 2018 is NA. PAT from Sep 2020 is NA.
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