Offer for sale (OFS) issue details for SBI LIFE INSURANCE COMPANY LTD are as below.

Issue Period: June. 15, 2020

Discount to Retail Investor: NA

Cut Off Rate: Rs. 742.60/-

Reservation: 10% of Offer size

Outlook & Valuation: We believe the Indian Life Insurance industry is in a phase of high growth and lower penetration will ensure that the growth remains higher for next couple of years. SBI Life, with its strong brand name and wide distribution network, is one of the best plays for Indian Life Insurance industry. Further, historically, insurance products have seen growth post-pandemic scenario. At the cut off rate `742.6, the offer for sale is offered at 2.7x its Embedded Value of `27,640cr. We believe SBI Life will continue to gain market share considering its bancassurance strength and operational efficiency. Hence, we recommended investors to “SUBSCRIBE” to the issue with long term perspective.

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