SBI Life IPO GMP History
SBI Life IPO has been listed on October 3, 2017 at a listing price of ₹735, against the issue price of ₹700 — a gain of ₹35 (+5%). The GMP peaked at ₹57.5 on 15 September 2017 and reached a low of ₹4.5 on 28 September 2017. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
SBI Life IPO raised ₹8388.73 Cr. through its IPO at a price band of ₹685 to ₹700 per share, with a lot size of 21 shares. The IPO was open for subscription from 20 Sep 2017 to 22 Sep 2017.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 12 Nov, 3:11 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 02 Oct 2017 | ₹ 17.5 | — | 2% | — | — |
| 01 Oct 2017 | ₹ 17.5 | — | 2% | — | — |
| 30 Sep 2017 | ₹ 17.5 | — | 2% | — | — |
| 29 Sep 2017 | ₹ 17.5 | ▲ | 2% | — | — |
| 28 Sep 2017 | ₹ 4.5 | — | 1% | — | — |
| 27 Sep 2017 | ₹ 4.5 | — | 1% | — | — |
| 26 Sep 2017 | ₹ 4.5 | ▼ | 1% | — | — |
| 25 Sep 2017 | ₹ 22.5 | ▼ | 3% | — | — |
| 23 Sep 2017 | ₹ 37.5 | — | 5% | — | — |
| 22 Sep 2017 | ₹ 37.5 | — | 5% | — | — |
| 21 Sep 2017 | ₹ 37.5 | — | 5% | — | — |
| 20 Sep 2017 | ₹ 37.5 | — | 5% | — | — |
| 19 Sep 2017 | ₹ 37.5 | — | 5% | — | — |
| 18 Sep 2017 | ₹ 37.5 | ▼ | 5% | — | — |
| 15 Sep 2017 | ₹ 57.5 | — | 8% | — | — |
| 14 Sep 2017 | ₹ 57.5 | — | 8% | — | — |
| 13 Sep 2017 | ₹ 57.5 | — | 8% | — | — |
| 12 Sep 2017 | ₹ 57.5 | — | 8% | — | — |
SBI Life IPO dates
Key dates from opening to listing. Today is 13 November.
- Open 20 Sep 2017
- Close 22 Sep 2017
- Allotment 27 Sep 2017
- Refund/credit 28 Sep 2017
- Listing 03 Oct 2017
SBI Life IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹700 |
|---|---|
| GMP-based estimate (pre-listing) | ₹717 (+2.4%) |
| Listing gain / loss | +₹35 per share |
| Listing date | 03 Oct, 2017 |
| Actual listing price | ₹735 (+5%) |
Is SBI Life IPO GMP reliable?
Grey market premium for SBI Life IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the SBI Life IPO full review for a fundamentals-based assessment before making any grey market trades.
SBI Life IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for SBI Life IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About SBI Life IPO
SBI Life Insurance Company Limited is an Indian private life insurer. It is a joint venture between State Bank of India and BNP Paribas Cardif, its promoters.
State Bank of India is India's largest commercial bank.
BNP Paribas Cardif, the insurance arm of BNP Paribas, operates across 36 jurisdictions and is among the leading credit life insurers globally.
The IPO was Rs 8,388.73 crore and was entirely an offer for sale at Rs 700, the top of the Rs 685 to Rs 700 band, so the company received no money.
Frequently asked
What is the GMP of SBI Life IPO?
The current Grey Market Premium (GMP) of SBI Life IPO is ₹ 17.5.
What is the Kostak Price of SBI Life IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for SBI Life IPO is not available.
What is the Subject to Sauda Price of SBI Life IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of SBI Life IPO?
SBI Life IPO listed on October 3, 2017 at ₹735, against the issue price of ₹700 — a gain of +5%.
How did the GMP of SBI Life IPO trend before listing?
The GMP of SBI Life IPO was stable in its final days before listing. The GMP peaked at ₹57.5 on 15 September 2017. View the day-wise table above for the complete GMP history.
Explore SBI Life IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
