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HDFC Standard Life Insurance Company Ltd

Add to Calendar 2017-11-07 12:00 AM 2017-11-09 12:00 AM Asia/Kolkata HDFC Standard Life Insurance Company Ltd HDFC Standard Life Insurance Company Ltd India

Introduction: HDFC Standard Life Insurance Company Ltd is a Mumbai headquartered life insurance provider in the country. HDFC leverages multi channel sales technique to a significant chunk of the pie. For this it employs more than 15400 people across the country. It has around 58150 agents to penetrate the market.

Date of Establishment: Company was formed in the year 2000. 

Product & Service Offering: The company offers following services in:

     - Protection, Pension, Savings & Investment and Health, along with Children's and Women's Plan

Customer Segment: Customer base comprises of retail and corporate clients.  

Promoters of HDFC Standard Life: 

     1. Housing Development Finance Corporation Limited  

     2. Standard Life (Mauritius Holdings) 2006 Limited ("Standard Life Mauritius"); and

     3. Standard Life Aberdeen plc .

Objects of the Issue: The key aim of the issue is to meet

     i) leverage the benefits of getting listed on exchanges

     ii) providing easy exit to current investors.  

Issue Detail

  • Issue Open: Nov 07, 2017
  • Issue Close: Nov 09, 2017
  • Issue Type: Book Built Issue IPO
  • Face Value: Rs 10 Per Equity Share
  • Price Band: Rs 275 - Rs 290 Per Equity Share
  • Bid Lot:50 Shares
  • Minimum Order Quantity:50 Shares
  • Listing At: BSE, NSE
  • Issue Size: • Rs 8,695.01 Cr

Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & Time QIB NII RII Employee Others Total
Shares Offered / Reserved 53,379,158 40,034,328 93,413,431 2,949,520 29,982,781 219,759,218
Day 1 - Nov 07, 2017IST 1.4000 0.2200 0.1400 0.4400 0.0700 0.4600
Day 2 - Nov 08, 2017IST 3.6900 0.5000 0.3600 0.7700 0.1500 1.1700
Day 3 - Nov 09, 2017IST 16.5975 2.2852 0.9084 1.2222 0.2919 4.8925

Listing Day Trading Information

- BSE NSE
Issue Price Rs 290.00 Rs 290.00
Open Rs 311.00 Rs 310.00
Low Rs 307.65 Rs 307.00
High Rs 369.00 Rs 369.00
Last Trade Rs 344.25 Rs 344.60
Volume 21,416,667 168,836,552

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