SBI Life Insurance Company Limited (SBI Life) which is tapping the capital markets with its offer for sale of 12 cr shares in a price band of Rs 685-700 completed allocation to anchor investors. The company allocated 3.18 cr shares to 69 anchor investors comprising of 104 entities. Domestic mutual funds were allocated 1.27 cr shares. The issue is currently open and would close on Friday the 22nd of September. The response so far is yet to pick up and after the muted response received from the non-institutional category in ICICI Lombard, there would be concern in this issue as well.

The full details of the allocation is given below:-
Click to view the details of the allocation

SBI Life Insurance Company Limited – Completes Anchor Allocation