Multiple disruptions in the Insurance Sector, reflects report

According to a report, the insurance industry in the country is undergoing lots of disruptions. And there are projections that it will only go higher in the future. Disaggregation of the value chain is one of the major factors behind the evolution of business model and operation of insurance companies. This observation was found out by Assocham, an insurance industry…

comments off

SBI Life Insurance Company’s IPO gets 13% subscriptions

State Bank of India’s insurance arm, SBI Life Insurance got started with its IPO. The IPO issue by the insurance company got 13% subscription or 13x. As of today, the issue stands at 8,82,00,000 shares. During the day there were bids for 1,10,52,447 shares. And in total there were bids for 79,30,503 shares at the cut-off price. So SBI Life…

comments off

Sebi Approves New India Assurance’s IPO

As per the latest updates by SEBI, New India Assurance has received a green flag for its Initial Public Offering. New India Assurance, the state-owned non-life insurance company, which also happens to be the largest in the country in its category, had filed its draft application back in August. For any IPO “Observations” is necessary, which the company received on…

comments off

Two state owned general insurance companies to help government raise Rs. 15000 crores

According to a couple of merchant banking sources, the government will be able to raise Rs. 15000 crores by taking two state-owned general insurance companies public. At present, there are five general insurance companies owned by the government, out of which New India Assurance (NIA) and GIC Re will be up for IPO in a few weeks’ time. By diluting…

comments off

SBI Life Insurance IPO to hit the markets on September 20

SBI Life Insurance, the insurance arm of State Bank of India will open up to initial public offering or IPO on the 20th of September. The intention of joining the capital market is to raise Rs. 8400 crores and also benefit from listing their equity shares on the exchanges. The initial offer for sales of shares will be open from…

comments off