Shriram Life Insurance IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 19, 2022Let’s have a detailed review of the company and analytics of the Shriram Life Insurance IPO release date, IPO offer price, subscription, Shriram Life Insurance Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs [●] |
| Listing At | BSE, NSE |
| Min. Order Quantity | NA |
| Listing Date | NA |
| Offer for Sale | Rs Million |
| Fresh Issue | Rs Million |
| IPO Size | Rs Million |
| Tick Size | 1 |
Shriram Life Insurance IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Shriram Life Insurance Share Price – Live Performance |
Shriram Life Insurance IPO – Summary
Shriram Life Insurance is an insurance company providing financial protection and coverage. They offer a hub of plans which goes out for multiple group including individual as well as group plans. Also, inclusive are online plans, which let its client avail for its services from the comfort of their homes.
This company has earned ISO Certification and it has its registered office as well as corporate office located in Gachibowli, Hyderabad.
The Promoter of this company is Mr. Manish Kumar Dabkara. The lead manager to the issue is HEM SECURITIES LIMITED, and the Registrar to this issue is BIG SHARE SERVICES PRIVATE LIMITED.
Shriram Life Insurance IPO Date
The opening and the closing date of the IPO of Shriram Life Insurance Limited are not available yet.
Shriram Life Insurance 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 here.
Check Shriram Life Insurance IPO LIVE Subscription
- Shriram Life Insurance IPO LIVE Bid details on BSE
- Shriram Life Insurance IPO LIVE Bid details on NSE
For the Latest Bid details click on the above links.
Shriram Life Insurance 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.
Shriram Life Insurance Limited 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 | – |
Shriram Life Insurance IPO Price Band / Cash Price
The face value of each share is Rs.10, but the price band of the IPO is Rs.[●]
Shriram Life Insurance IPO Equity Size
This Initial Public Issue of 18,24,000 Equity Shares of Rs.10 each for cash at a price of Rs.[●] per equity share aggregating to Rs.[●] Million.
Shriram Life Insurance IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of [●] equity Shares of Rs.10/ each.
Issue Size: X Equity Shares of Rs.10 each, aggregating to Rs.[●] Million
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Shriram Life Insurance 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 – Shriram Life Insurance Share Price |
Shriram Life Insurance IPO Grey Market Premium
The Shriram Life Insurance Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
Shriram Life Insurance IPO – Company Overview
Life insurance Company, Shriram Life Insurance has a motive of providing insurance and related products to the common man. They ought to help a common man, achieve prosperity and this in turn leads them to achieving great heights.
They offer plans for several domains, which include online plans, individual plans and also group plans. All such plans are tailored as per the needs of the investors and hence are highly loved and opted for across the nation. They ensure to have all financial solutions for their clients.
The affordable plans and policies they offer consist of assured Income plan, Super Income Plan, Genius Asssured Benefit Plan, Golden Premier Saver Plan and more.
Shriram Life Insurance IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Million) | ||||
| 30-Jun-20 | 31-Mar-20 | Mar-19 | 31-Mar-18 | |
| Total Assets | ||||
| *Total Revenue | ||||
| Total Expense | ||||
| Profit After Tax | ||||
Earnings per Equity Share (in Million)
| 30-Jun-20 | 31-Mar-20 | Mar-19 | 31-Mar-18 |
|
| Basic & Diluted |
Further, their PAT for the period ended on June 30, 2020, March 31, 2020, March 31, 2019, and March 31, 2018, were Rs. 135.51 Million, Rs. 447.45 Million, Rs. 68.04 Million and Rs. 26.91 Million respectively.
Shriram Life Insurance IPO – Promoters
The Promoter of this company is:
List of Related Parties (Key Managerial Personnel)
- Mr. Manish Kumar Dabkara, Chairman & Managing Director
- Mr. Naveen Sharma, Chief Financial Officer
- Mr. Babita Kumawat, Company Secretary and Compliance Officer
Shriram Life Insurance IPO – Promoters Holding
- Pre Issue Share Holding – %
- Pos Issue Share Holding – %
Shriram Life Insurance IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to X Equity Shares aggregating up to Rs.[●] Million |
| of which: | |
| Issue Reserved for the Market Makers | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| Net Issue to the Public | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| Of which: | |
| Retail Investors Portion | Not less than [●] Equity Shares |
| Other than Retail Individual Investors | Not more than [●] Equity Shares |
| Equity Shares outstanding prior to the Issue | X Equity Shares |
| Equity Shares outstanding after the Issue | X Equity Shares |
Shriram Life Insurance IPO Issue Object
Their Company proposes to utilise the Net Proceeds towards funding the following objects:
1. To meet Working Capital requirements
2. General Corporate Purpose
3. To meet issue expenses
Shriram Life Insurance IPO – Business Strategy
- Focus on Consultancy Business and spreading awareness about carbon neutrality
- Increase the use of technology to improve operational efficiency
- Expanding their customer base
- Creating awareness to reduce carbon emissions
Shriram Life Insurance IPO – Basis of 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:
- Quality Assurance, timely payment, and delivery
- Broad customer base and strong relationships with their customers
- Multiple Business verticals under one roof
- Qualified management team and employee base
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-20 | |||
| 31-Mar-19 | |||
| Mar-18 |
Shriram Life Insurance IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Crores) | |
| Shriram Life Insurance Limited | 10 | [●] | 8.86 | 73.11 | 20.43 |
| Listed Peers | |||||
| Mitcon Consultancy and Engineering Services Limited |
10 | 12.46 | 3.13 | 3.91% | 42.72 |
Shriram Life Insurance IPO Lead Managers
| Lead Managers |
Shriram Life Insurance IPO Registrar to offer
| Registrar to the Offer |
| BIGSHARE SERVICES PRIVATE LIMITED Address:-1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road, Marol, Andheri East, Mumbai – 400059 Tel No.:+91-022-62638200 Fax No.: +91-022-62638299 Website:www.bigshareonline.com Email:ipo@bigshareonline.com Investor Grievance Email: investor@bigshareonline.com |
Shriram Life Insurance IPO – Other Details
- Statutory Auditor – NA
- Legal Counsel to the Company – NA
- Bankers to the Company – NA
Shriram Life Insurance IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Shriram Life Insurance Limited IPO News
News 1 – Shriram Life Insurance Limited IPO DRHP Download
News 2 – Shriram Life Insurance IPO RHP Download
Shriram Life Insurance IPO Review FAQs
Ques – What is the Issue Size of Shriram Life Insurance 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 the fresh issue, Offer for sale, and the net issue.
Ques – What is the Price band of Shriram Life Insurance IPO?
Answer – The price band for this particular IPO, i.e. Shriram Life Insurance 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 Shriram Life Insurance IPO Open Date?
Answer – The opening and closing dates for Shriram Life Insurance IPO have been updated. The IPO is set to open on NA, while the closing date is set at NA.
Ques – What is the Shriram Life Insurance IPO Allotment Date?
Answer – We also have the news regarding the respective allotment dates of Shriram Life Insurance IPO. 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 Shriram Life Insurance IPO Listing Date?
Answer – Shares of Shriram Life Insurance shall be listed in the exchanges NA. The date, when the listing would be done, is stagnant on NA.
Ques – Who is the Registrar of Shriram Life Insurance IPO?
Answer – One of the reputed registrars is managing the issue of Shriram Life Insurance IPO, i.e. Bigshare Services Private Limited. Their website will help you regarding the further information you are on the lookout for.
Ques – Who is the Promoter of Shriram Life Insurance IPO?
Answer – Here are the promoters of Shriram Life Insurance – 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 Shriram Life Insurance IPO?
Answer – We have obtained the GMP of Shriram Life Insurance IPO and it is NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Ques – Is Shriram Life Insurance 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 Shriram Life Insurance 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 Million is NA, 2019 is NA, 2018 is NA. PAT from Sep 2020 is NA.
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