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SBI Life IPO price band fixed between Rs 685-700

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Capital Market

Minimum bid lot is 21 shares and in multiples of 21 shares thereafter

State Bank of India announced that the price band for the proposed IPO of SBI Life (subsidiary of the Bank) has been fixed between Rs 685 to Rs 700 per equity share of fave value of Rs 10 each. An employee discount of Rs 68 will be offered to eligible employees. The minimum bid lot for the offer is fixed at 21 equity shares and in multiples of 21 equity shares thereafter.

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First Published: Sep 13 2017 | 10:04 AM IST

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