PNB Metlife IPO
PNB MetLife India Insurance Company Limited (PNB MetLife) is one of the leading life insurance companies in India. PNB MetLife has as its shareholders MetLife International Holdings LLC (MIHL), Punjab National Bank Limited (PNB), Jammu & Kashmir Bank Limited (JKB), M. Pallonji and Company Private Limited and other private investors, MIHL and PNB being the majority shareholders. PNB MetLife has been present in India since 2001.
PNB MetLife brings together the financial strength of a leading global life insurance provider, MetLife, Inc., and the credibility and reliability of PNB, one of India’s oldest and leading nationalised banks. The vast distribution reach of PNB together with the global insurance expertise and the product range of MetLife makes PNB MetLife a strong and trusted insurance provider.
PNB MetLife is present in 107 locations across the country with access to over 100 million customers in more than 11,000 locations through its strong bank partnerships with PNB, JKB, KBL, and other bank partners.
PNB MetLife partners with the customers for their entire ‘Circle of Life’ covering their 4 different stages of life – Child Education, Family Protection, Long Term Savings and Retirement. Our comprehensive product portfolio comprises of 16 Savings Products, 13 Protection Products, 5 pension products, and 8 optional riders.
PNB MetLife wide range of protection and retirement products through its Agency sales of over 7,338 financial advisors and multiple bank partners, and provides access to Employee Benefit plans for over 659 corporate clients in India. The company continues to be consistently profitable and has declared profits for the last five Financial Years.
Strength of PNB Metlife
- Pan-India multi-channel distribution network with strong bancassurance partners.
- Comprehensive product portfolio addresses the diverse and evolving needs of Indian customers.
- Experienced management team.
- We were one of the top 10 private life insurance companies in India based on total new business premium in Fiscal 2018 and are growing rapidly with a compounded annual growth rate of 19.85%.
PNB Metlife IPO Details
IPO Opens on: December 2020
IPO Closes on: December 2020
Price Band: Rs per share
Bid Lot: 0 shares and in multiples of 0 shares
Maximum Price: Rs
Fresh issue: Rs Cr
Offer for Sale: Rs
IPO Size: Rs 00 Cr (Approx)
Retail & Employees Discount: Rs 0 per share
PNB Metlife IPO Time Line
Finalisation of Allotment:
Initiation of Refunds:
Transfer of Shares to Demat Account:
Listing At: NSE & BSE
Financial Performance of (in Crores) PNB Metlife
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PNB Metlife IPO Valuations
Face Value = Rs 10
Earnings Per Share (EPS) = Rs
PE Ratio = 0 (Approx)
Return on Net Worth (RONW) = %
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PNB Metlife IPO Subscription Details
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Grey Market Premium of PNB Metlife IPO Day by Day
Grey market premium as on 00-00-2000 = Rs. 0-0/Share