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HDFC Standard Life Insurance Company Ltd IPO (HDFC Life IPO) Detail

Nov 7, 2017 - Nov 9, 2017

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.

Company Promoters:

The Promoters of the Company are:

1. Housing Development Finance Corporation Limited ("HDFC");
2. Standard Life (Mauritius Holdings) 2006 Limited ("Standard Life Mauritius"); and
3. Standard Life Aberdeen plc ("Standard Life Aberdeen").

Objects of the Issue:

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.

Issue Detail:

  »»  Issue Open: Nov 7, 2017 - Nov 9, 2017
  »»  Issue Type: Book Built Issue IPO
  »»  Issue Size: 299,827,818 Equity Shares of Rs 10 aggregating up to Rs 8,695.01 Cr
    ›  Offer for Sale of 299,827,818 Equity Shares of Rs 10 aggregating up to Rs [.] Cr
  »»  Face Value: Rs 10 Per Equity Share
  »»  Issue Price: Rs 275 - Rs 290 Per Equity Share
  »»  Market Lot: 50 Shares
  »»  Minimum Order Quantity: 50 Shares
  »»  Listing At: BSE, NSE

Life Insurance IPO Compare

Comparision of Life Insurance IPO's
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%

HDFC Life IPO Reviews:

  1. HDFC Standard Life Insurance Company Ltd IPO review by Dilip Davda

HDFC Life IPO Recommendations:

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Issue Subscription Detail / Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & TimeQIBNIIRIIEmployeeOthersTotal
Shares Offered / Reserved53,379,15840,034,32893,413,4312,949,52029,982,781219,759,218
Day 1 - Nov 7, 2017 17:00 IST1.40000.22000.14000.44000.07000.4600
Day 2 - Nov 8, 2017 17:00 IST3.69000.50000.36000.77000.15001.1700
Day 3 - Nov 9, 2017 19:00 IST16.59752.28520.90841.22220.29194.8925

HDFC Life IPO Prospectus

HDFC Life IPO Rating

1080
3.6
Rating:Rated 3.6 stars

Vote Here ...

HDFC Life IPO Listing Date

  •   ›  Listing Date: Friday, November 17, 2017
  •   ›  BSE Script Code: 540777
  •   ›  NSE Symbol: HDFCLIFE
  •   ›  Listing In: 'B' Group of Securities
  •   ›  ISIN: INE795G01014
  •   ›  Issue Price: Rs 290 Per Equity Share
  •   ›  Face Value: Rs 10 Per Equity Share

Listing Day Trading Information

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

HDFC Life IPO News Alerts

  1. Friday, November 17, 2017 12:00:00 AM
    HDFC Life IPO - Listing Date
  2. Wednesday, November 15, 2017 12:00:00 AM
    HDFC Life IPO - Allotment
  3. Thursday, November 9, 2017 12:00:00 AM
    HDFC Life IPO - Close
  4. Tuesday, November 7, 2017 12:00:00 AM
    HDFC Life IPO - Open

Company Contact Information

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
Fax: +91 (22) 6751 6861
Email: investor.service@hdfclife.com
Website: https://www.hdfclife.com/

HDFC Life IPO Registrar

Karvy Computershare Private Limited   »  Report
   Karvy House, 46, Avenue 4, Street No. 1,
   Banjara Hills, Hyderabad - 500 034
   Andhra Pradesh, India

Phone: +91-40-23312454
Fax: +91-40-23311968
Email: einward.ris@karvy.com
Website: http://karisma.karvy.com

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HDFC Life IPO Review / Comments

avatar
891. Default Investor  Jan 15, 2018 2:47:08 PM IST I Like It. | Report Abuse Reply
Hello Ipoers

all the very best for allotment

One Short term call ..... But Astra Micro CMP 124 TRGT 140+ in next two days.

avatar
890. Manofsteel  Dec 26, 2017 2:40:24 PM IST I Like It. | Report Abuse Reply
Kabhi toh milega.. Aaj nahi toh kal.... Dream girl.. Dream girl..
avatar
889. irranna halappanavar  Dec 19, 2017 8:50:42 AM IST I Like It. | Report Abuse Reply
HELLO,
THIS IS REGARDING REQUESTING YOU TO INFORM ME AS AND WHEN ANY IPO OPENS
avatar
888. Nidhike  Dec 13, 2017 2:55:13 AM IST I Like It. | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 400+ Likes)
Short term Target 3 months
**Rs500***

Thangamalai jwelleers now @700
Keep holding :)
⬇⬇⬇click
avatar
887. Justaninvestor  Dec 7, 2017 12:57:49 PM IST I Like It. 1 | Report Abuse Reply
Hold your allotment of HDFC Life. It is best retirement investment. Will give return in times and not in percentage.
avatar
886. Vikas kesharwani  Dec 4, 2017 6:46:08 PM IST I Like It. 1 | Report Abuse Reply
Sir
I got 200 share HDFC Life insurance but not showing demat A/c. Please guide me.
avatar
886.1. Mahesh Bhaganagare  Dec 5, 2017 9:14:34 PM IST I Like It. 1 | Report Abuse
My shares are also not credited to the Demat Account. Tell me if your problem is resolved. If yes, how? Share the details..
avatar
885. BROTHER  Nov 28, 2017 3:31:20 PM IST I Like It. 2 | Report Abuse Reply
Sellout 382...2lot
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884. Septa  Nov 17, 2017 10:44:35 AM IST I Like It. 16 | Report Abuse Reply
IPO Guru IPO Guru (3900+ Posts, 4400+ Likes)
great listing i really did not expect this got this completely wrong.....price matter but if quality of promoter is superior then price does matter.


Thank you,

Septa

Click here to follow my secondary market messages.

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884.2. manish t  Nov 24, 2017 7:59:42 PM IST I Like It. 1 | Report Abuse
sir any review on future supply chain cmng ipo.
pls share.
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884.3. manish t  Nov 27, 2017 6:08:02 PM IST I Like It. | Report Abuse
Septa sir can u suggest on coming sme ipo ice make refrigeration.
avatar
883. Nicks Jain  Nov 27, 2017 5:50:39 PM IST I Like It. | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
Below Link for Bharat ETF 22 Allotment:, Full allotment given

https://www.icicipruamc.com/invonline/APP/ASPX/FrmBharatETF.aspx
avatar
882. RJ Rocks  Nov 27, 2017 1:34:07 PM IST I Like It. | Report Abuse Reply
HDFC MUTUAL will list in 12 months.
Source Moneycontrol
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881. Kamleshbhai  Nov 26, 2017 5:08:23 PM IST I Like It. | Report Abuse Reply
Sir...Hdfc life ne dhoka diya hai naaaaaaaaa
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880. Maa Zaki  Nov 21, 2017 11:58:42 PM IST I Like It. 3 | Report Abuse Reply
*Upcoming IPO''s* :-

▶️Aston Paper & Board Mill Ltd 
▶️NSE India
▶️Continental Warehousing
▶️GVR Infra Projects Limited
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▶️KPR AGROCHEM LIMITED
▶️New Delhi Center for Sight Limited
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▶️Seaways Shipping and Logistics
▶️Vodafone India
▶️Go Airlines
▶️Aster DM Healthcare
▶️Genesis Colors
▶️G R Infraprojects
▶️Cent Bank Home Finance Limited
▶️VLCC Health Care
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880.7. Cool Sunshine  Nov 24, 2017 11:07:19 AM IST I Like It. 1 | Report Abuse
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
haha....good one...

Lighten the pocket to light up the face..:-)
avatar
880.8. AnkurGoel  Nov 24, 2017 7:08:00 PM IST I Like It. 1 | Report Abuse
IPO Mentor IPO Mentor (600+ Posts, 400+ Likes)
List is very old. No one is coming in coming months. Some of them even not filed drhp like Vodafone India, go air.
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879. JAISHRIRAM  Nov 23, 2017 10:34:21 PM IST I Like It. | Report Abuse Reply
i have bought hdfc life at 405, i am STUCK, may go down further,pls advise!
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879.1. Cool Sunshine  Nov 24, 2017 10:31:43 AM IST I Like It. 2 | Report Abuse
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
Forum suggested u to be cautious then also you went ahead and bought this at a very high price (at this stage).

At this stage recommended course of action will depend your investment time horizon and also your liquidity situation. If you need money in short term...keep looking for a reasonable exit e.g. you may get a chance to exit between 385-395 today itself.

While price discovery is still on, volatility will continue and it may even go down upto close to listing price but in mid to long term you should still be able to get a reasonable return even beyond your buying price.
avatar
878. yazoo  Nov 24, 2017 5:57:52 AM IST I Like It. 1 | Report Abuse Reply
Did anyone notice that there is self censorship in media in my stocks or stocks views regarding discussing Govt Insurance PSUS as if they dont exist ? #AskCNBCTV18 they took questions on hdfc twice in a day but not a squeak about NIACL 658 n GICRE 794 !!

The whole sector sold out due to increasing taxes on Insurance premium in the proposed amendments in the finance bill !! Small investors and lic policyholders in the twins face a devil and deep sea situation as the stocks are tanking daily
avatar
878.1. Anarchist  Nov 24, 2017 8:32:33 AM IST I Like It. 3 | Report Abuse
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
Hm...It must be the bad luck most retail investors are born with...I mean the moment a person evolves into an investors to find these cos by a certain promoter cheap and attractive, the streak of bad luck manifests with a sudden policy change as the punitive entity...
Remember RCF and NFL...gas prices were hiked immediately after their OFS...The recent ETF is another example where oil cos were sold even after a policy shift from fossil fuel to electricity....
But then that''s thel kind of amusement the Nation Building excercise creates all the time and even at their own expense, the retail, if they are patriots must participate in it.... right?
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877. HARDIKSHAH  Nov 24, 2017 1:05:50 AM IST I Like It. | Report Abuse Reply
Dear Customer GRAPHITE INDIA Strg abv 600 for Medium Term Stop Loss 575 Trgt 700-750.
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876. Cool Sunshine  Nov 17, 2017 12:45:53 PM IST I Like It. 7 | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
While I am also enjoying stellar listing gains of HDFC standard and heaping praise after praise on HDFC brand.....let us not forget another factor which aided its listing price.

The upgrade in India Sovereign rating......

I believe this event has suddenly bumped up overall market sentiments to such an extent that it added at least 5% additional listing gain. So while everyone appreciating HDFC brand, we should not go overboard.........be vigilant guys....it pays...
avatar
876.8. Cool Sunshine  Nov 19, 2017 2:45:19 AM IST I Like It. 1 | Report Abuse
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
Just saw the following article on business-standard.com, which confirms that Moody''s upgrade could have aided the positive listing of HDFC Standard......

http://www.business-standard.com/article/markets/hdfc-life-rides-on-parentage-moody-s-upgrade-shares-soar-19-on-debut-117111701079_1.html
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876.9. amit K singh  Nov 23, 2017 9:51:07 PM IST I Like It. 1 | Report Abuse
Thanks guys, agree your view as the way stock is moving now :)
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875. P M  Nov 23, 2017 5:43:07 PM IST I Like It. 3 | Report Abuse Reply
IPO Mentor IPO Mentor (900+ Posts, 800+ Likes)
IPO - 2017

Makes New all time high today
=======================
------------------------------------- Issue price ------ New High ------- Return %
Shankara Buildings ------------- 460.00 --------- 1784.00 ---------- 287.91
Apex Frozen Foods ------------- 175.00 ---------- 621.00 ---------- 254.86
Dixon Technologies ----------- 1766.00 --------- 3218.00 ----------- 82.22
SIS --------------------------------- 815.00 --------- 1070.00 ----------- 31.29


Makes New all time Low today
=======================
---------------------------------------------- Issue price ------ New Low
The New India Assurance -------------- 800.00 ----------- 650.20
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874. Jaymin bhatt  Nov 23, 2017 11:31:20 AM IST I Like It. | Report Abuse Reply
Aston paper 425 koshtak
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873. Professor  Nov 23, 2017 7:48:18 AM IST I Like It. | Report Abuse Reply
Buy andHold hdfc life. New high come in few days Buy jay shri tea for 1 month 124₹ tgt
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872. Kalyan kumar  Nov 22, 2017 8:50:48 PM IST I Like It. 1 | Report Abuse Reply
I have sold all the 300 hdfc life at 380 can I invest in gic re or new india assurance or any up coming ipos
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872.1. 🇮🇳ARoy🇮🇳  Nov 22, 2017 11:56:23 PM IST I Like It. | Report Abuse
Given is stabilizing around issue price, nia still unsure...
avatar
872.2. 🇮🇳A.Roy🇮🇳  Nov 23, 2017 12:52:34 AM IST I Like It. | Report Abuse
Sorry, mahlog is around issue price...
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