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SBI Life Insurance Company Ltd has filed for an IPO. The initial public offer will be for up to 12 crore equity shares.
Shares offered through a red herring prospectus are proposed to be listed on the BSE and NSE.
The IPO will comprise an offer for sale by State Bank of India and BNP Paribas Cardif S.A. of up to 8 crore shares and up to 4 crore shares respectively.
Among the book running lead managers for the IPO are JM Financial, Axis Capital, BNP Paribas, Citi Group and Deutsche Equities India.
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