IndiaFirst Life Insurance Company
BSE, NSE₹N/A / N/A Shares
IPO Details
IndiaFirst Life Insurance Company IPO is priced between ₹N/A per equity share, with a face value of ₹10 per share. The company's equity shares will be listed on the BSE, NSE, and is managing the issue as the registrar.
The IPO bidding period opened on N/A, and closed on N/A. The allotment results will be announced on N/A, with a tentative listing date set for N/A.
The total issue comprises Rs. 500 crore and an offer for sale of 14 crore equity shares from selling shareholders, amounting to .
IndiaFirst Life Insurance Company IPO Highlights
| IPO Date | Listing Date | Face Value | Price Band | Lot Size | Fresh Issue | Offer for Sale | Listing At |
|---|---|---|---|---|---|---|---|
| TBA - TBA | Invalid Date | ₹10 Per Equity Share | ₹N/A per equity share | - | Shares | - | BSE, NSE |
IndiaFirst Life Insurance Company IPO Timeline
Issue Price
₹N/A per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE, NSERegistrar
Market Lot
N/A Shares (₹N/A/-)Lead Manager
Issue Size
Rs. 500 crore and an offer for sale of 14 crore equity shares from selling shareholdersRetail Portion
N/A%Subscription
N/A timesIPO Docs
About Company
IndiaFirst Life Insurance started operating in 2009 as a private life insurance company.
The Indian private life insurance firm was one of the fastest growing regarding New Business IRP in fiscal 2022. It recorded 27.3% CAGR growth in New Business in IRP for the 5-year period ending in fiscal 2022, against the private life insurance segment’s growth of 13.9% CAGR.
IndiaFirst Life Insurance is backed by Bank of Baroda - the third-largest public sector bank, and Union Bank of India, the fifth-largest PSU bank. It primarily operates through the expansive bancassurance network, which contributed 91.34% of New Business IRP in fiscal 2022.