HDFC Standard Life Insurance Company Ltd IPO, HDFC Life IPO Detail

By | November 6, 2017
HDFC Standard Life Insurance Company Ltd IPO, HDFC Life IPO, HDFC Standard Life IPO, HDFC Life IPO Allotment Status, Subscription Info, HDFC Standard Life IPO GMP, HDFC Life IPO Grey Market Price and Premium, DRHP Prospectus, Review, Ratings, Poll, Listing Date information.

HDFC Life IPO

As per the information available on the NSE website, the HDFC Standard Life Insurance Company Ltd initial public offering (IPO) will open for the subscription on NSE and BSE in November 2017. The IPO will be open from 07 November 2017 to 09 November 2017. This is the fifth insurance company heading for an IPO this year. The company is planning to raise Rs. 8,695 crore from the markets.

Investors should note down that this IPO is a pure offer for sale. HDFC Life has two promotors i.e. Housing Development Finance Corp. (HDFC) and Standard Life. Both of them are going to sell 29,9820000 shares. The company has set a price band of Rs. 275 – Rs. 290 per share. HDFC Life valuation will come at Rs. 58,277 crore at the upper end of the price band. HDFC will fetch Rs. 5,546.1 crore while Standard Life will get Rs. 3,148.8 crore from this IPO. HDFC Life IPO will see a 14.92% dilution of the stake.

Investors who want to apply for the IPO must check all aspects carefully and must read the HDFC Life IPO DRHP to get all details about the company. Investors should also keep this in mind that last three insurance IPOs have seen a weak listing day performances. So, be careful before investing and must look at the company fundamentals along with the primary and secondary market sentiments.

In the given section of this page, Investors will be furnished with the information regarding HDFC Standard Life Insurance IPO Allotment, Price, Date, Subscription Info, Reviews, HDFC Life IPO Listing Date etc. So, check this information and make your decision wisely.

HDFC Life IPO

Grey Market Price, GMP Rates, Premium

DateGMPKostak RateSauda
09 November 2017Rs. 5Rs. 275

HDFC Life IPO Subscription Figures

CategorySHARES OFFERED07 November 201708 November 201709 November 2017
RII934134310.140.360.94
NII400343280.220.502.29
QIB533791581.403.6916.60
Employees29495200.440.771.24
Shareholders299827810.070.150.30
Total2197592180.461.174.90

Listing Day Figures (17 November 2017)

 NSE (HDFCLIFE)BSE (540777)
IPO PriceRs. 290Rs. 290
OpenRs. 310Rs. 311
HighRs. 369Rs. 369
LowRs. 307Rs. 307.65
CloseRs. 344.60Rs. 344.25
DifferenceUp Rs. 54.60 (+18.83%)Up Rs. 54.25 (+18.71%)

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