SBI Life Insurance extends fall, slips below IPO price

At 09:32 AM; SBI Life Insurance was trading at Rs 694 on BSE, a 1% below its issue price of Rs 700, as compared to 0.14% rise in the Sensex.

SBI Life Insurance Company was down 1% at Rs 693 in intra-day trade, falling below its initial public offer (IPO) price of Rs 700 per share on the National Stock Exchange (NSE) and BSE. The stock hit its lowest level since listing on Tuesday, October 3, 2017.

At 09:32 AM; the stock was trading at Rs 694 on BSE, a 1% below its issue price, as compared to 0.14% rise in the S&P BSE Sensex. A combined 217,060 shares changed hands on the counter on BSE and NSE so far.

SBI Life Insurance Company had made a quite debut