Stock Advisory in Indore, SBI Life plans to sell 12% through IPO

SBI Life could become the country’s biggest insurance listing by value and size of the issue after parent SBI and its foreign partner BNP ParibasBSE -0.14 % Cardiff said they are selling 12% through an IPO in the next few months. 

SBI Life could command a valuation of at least Rs 60,000 crore when it lists given that it is the second biggest private sector insurer after ICICI Prudential, market experts and investment bankers said. The insurer was valued at Rs 46,000 crore when private equity funds KKR and Temasek purchased a small stake at Rs 460 per share in December 2016. 

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