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HDFC Life IPO is a book built issue of Rs 8,695.01 crores. The issue is entirely an offer for sale of 29.98 crore shares.
HDFC Life IPO bidding started from November 7, 2017 and ended on November 9, 2017. The allotment for HDFC Life IPO was finalized on Tuesday, November 14, 2017. The shares got listed on BSE, NSE on November 17, 2017.
HDFC Life IPO price band is set at ₹275 to ₹290 per share. The minimum lot size for an application is 50 Shares. The minimum amount of investment required by retail investors is ₹14,500.
Clsa India Private Limited, Credit Suisse Securities (India) Private Limited, Edelweiss Financial Services Ltd, Haitong Securities India Private Limited, Hdfc Bank Limited, Idfc Bank Limited, Iifl Securities Ltd, Morgan Stanley India Company Pvt Ltd, Nomura Financial Advisory And Securities (India) Pvt Ltd and Ubs Securities India Private Limited are the book running lead managers of the HDFC Life IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to HDFC Life IPO RHP for detailed information.
IPO Date | November 7, 2017 to November 9, 2017 |
Listing Date | November 17, 2017 |
Face Value | ₹10 per share |
Price Band | ₹275 to ₹290 per share |
Lot Size | 50 Shares |
Total Issue Size | 299,827,818 shares (aggregating up to ₹8,695.01 Cr) |
Offer for Sale | 299,827,818 shares of ₹10 (aggregating up to ₹[.] Cr) |
Issue Type | Book Built Issue IPO |
Listing At | BSE, NSE |
HDFC Life IPO offers 219,759,218 shares. 53,379,158 (24.29%) to QIB, 40,034,328 (18.22%) to NII, 93,413,431 (42.51%) to RII, 2,949,520 (1.34%) to employees. 1,868,268 RIIs will receive minimum 50 shares and (sNII) and (bNII) will receive minimum 700 shares. (in case of oversubscription)
Investor Category | Shares Offered | Maximum Allottees |
---|---|---|
Anchor Investor Shares Offered | - | NA |
QIB Shares Offered | 53,379,158 (24.29%) | NA |
NII (HNI) Shares Offered | 40,034,328 (18.22%) | |
Retail Shares Offered | 93,413,431 (42.51%) | 1,868,268 |
Employee Shares Offered | 2,949,520 (1.34%) | NA | Other Shares Offered | 29,982,781 (13.64%) | NA |
Total Shares Offered | 219,759,218 (100%) |
HDFC Life IPO opens on November 7, 2017, and closes on November 9, 2017.
IPO Open Date | Tuesday, November 7, 2017 |
IPO Close Date | Thursday, November 9, 2017 |
Basis of Allotment | Tuesday, November 14, 2017 |
Initiation of Refunds | Wednesday, November 15, 2017 |
Credit of Shares to Demat | Thursday, November 16, 2017 |
Listing Date | Friday, November 17, 2017 |
Cut-off time for UPI mandate confirmation | 5 PM on November 9, 2017 |
Investors can bid for a minimum of 50 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 50 | ₹14,500 |
Retail (Max) | 13 | 650 | ₹188,500 |
Lot Size Calculator |
Incorporated in 2000, HDFC Standard Life Insurance Company Ltd (HDFC Life) is Mumbai based life insurance provider in India. HDFC Life offers a wide range of individual and group insurance solutions including Protection, Pension, Savings & Investment and Health, along with Children's and Women's Plan.
HDFC Life is a joint venture between HDFC and Standard Life Aberdeen plc. HDFC is a leading financial service provider in India offering finance for housing, banking, life and general insurance, asset management, venture capital and education loans. Standard Life is an Edinburgh based investment company offering wide range of financial services across the globe. Standard Life is a public company established in 1825.
HDFC Life sells policies through a multi channel network. This includes direct sales through own branches, Insurance agents, Partner Banks and through other financial institutions. HDFC Life has over 414 branches and 15,406 full-time employees located across India. Company has over 58,147 individual agents.
The objects of the issue are:
1. To achieve the benefits of listing the Equity Shares on the Stock Exchanges and
2. To carry out the sale of Offered Shares by the Selling Shareholders.
[Dilip Davda] Based on faring of recent IPOs in life insurance sector, cash surplus risk savvy investors may consider moderate investment for medium to long term in this HDFC group IPO coming after 22 years. (High Risk – Low Return). Read detail review...
The HDFC Life IPO is subscribed 4.89 times on November 9, 2017 7:00:00 PM. The public issue subscribed 0.91 times in the retail category, 16.60 times in the QIB category, and 2.29 times in the NII category. Check Day by Day Subscription Details (Live Status)
Category | Subscription (times) |
---|---|
QIB | 16.60 |
NII | 2.29 |
Retail | 0.91 |
Employee | 1.22 |
Others | 0.29 |
Total | 4.89 |
Particulars | ICICI Prudentials | SBI Life Insurance | HDFC Std Life |
---|---|---|---|
Group | ICICI | SBI | HDFC |
JV Partner | Prudential Life | BNP Paribas | Standard Life |
FV | 10 | 10 | 10 |
Price band | Rs. 300-334 | Rs. 685-700 | Rs. 275-290 |
Shares allotted at | Rs. 334 | Rs. 700 | NA |
Issue Size (Rs. Crore | Rs. 6057 crore | Rs. 8400 crore | Rs. 8245-8695 |
Minimum application lot | 44 shares | 21 shares | 50 shares |
P/E at the time of IPO | 29 | 55 | 65 |
P/BV at the time of IPO | 9 | 11.9 | 15 |
RoE (FY15-17 average) | 31.20% | 20.10% | 29.40% |
AUM (FY17) Rs. Bn. | Rs. 1229.0 | Rs. 977.0 | Rs. 917.0 |
Solvency ratio (FY17) | 281.00% | 204% | 192% |
Claim Settlement Ratio (FY17) | 97.20% | 98.00% | 99.20% |
Issue constituted dilution of | 19.10% | 16% | 14.90% |
Post issue promoter's holding | 81% | 84% | 81.04% |
Issue date | 19.09.16-21.09.16 | 20.09.17-22.09.17 | 07.11.17-09.11.17 |
Listing on | BSE/NSE | BSE/NSE | BSE/NSE |
Issue subscribed by | 10.48 times | 3.55 times | NA |
Opened @ on listing day | Rs. 329.00 | Rs. 733.30 | NA |
High of Listing day | Rs. 333.90 | Rs. 738.00 | NA |
Low of Listing day | Rs. 295.50 | Rs. 702.25 | NA |
Close on listing day | Rs. 297.65 | Rs. 708.00 | NA |
Mkt Share (FY17) | 15.50% | 20% | 17.20% |
Total No. of Products | 28 | 39 | 40 |
EV (FY17) Rs. Bn. | Rs. 161.8 | Rs. 165.4 | Rs. 123.90 |
Dividend pay out ratio | 39.50% | 18.90% | 29.60% |
Surrender Ratio (v/s total premium) (FY17) | 52.76% | 22.79% | 31.33% |
Market share (Industry level) FY17 | 12% | 11.20% | 6.80% |
Market share (Private Sector) FY17 | 22.30% | 20.70% | 12.70% |
Listing Date | November 17, 2017 |
BSE Script Code | 540777 |
NSE Symbol | HDFCLIFE |
ISIN | INE795G01014 |
Final Issue Price | ₹290 per share |
Price Details |
---|
Final Issue Price |
Open |
Low |
High |
Last Trade |
BSE |
---|
₹290.00 |
₹311.00 |
₹307.65 |
₹369.00 |
₹344.25 |
NSE |
---|
₹290.00 |
₹310.00 |
₹307.00 |
₹369.00 |
₹344.60 |
HDFC Standard Life Insurance Company Ltd
13th Floor, Lodha Excelus, Apollo Mills Compound,
N.M. Joshi Marg, Mahalaxmi,
Mumbai 400 011
Phone: +91 (22) 6751 6666
Email: investor.service@hdfclife.com
Website: https://www.hdfclife.com/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/
Lead Manager Reports
HDFC Life IPO is a main-board IPO of 299,827,818 equity shares of the face value of ₹10 aggregating up to ₹8,695.01 Crores. The issue is priced at ₹275 to ₹290 per share. The minimum order quantity is 50 Shares.
The IPO opens on November 7, 2017, and closes on November 9, 2017.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The HDFC Life IPO opens on November 7, 2017 and closes on November 9, 2017.
HDFC Life IPO lot size is 50 Shares, and the minimum amount required is ₹14,500.
You can apply in HDFC Life IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for HDFC Life IPO will be done on Tuesday, November 14, 2017, and the allotted shares will be credited to your demat account by Thursday, November 16, 2017. Check the HDFC Life IPO allotment status.
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