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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:
  •   ›  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
823. dipaks  Nov 17, 2017 12:15:19 PM IST I Like It. 1 | Report Abuse Reply
Should shifting of some shares from HDFC to NIA or GIC be considered at this point seeing both NIA and GIC are down close to 15% of offer price ?
avatar
823.3. yazoo  Nov 18, 2017 10:10:35 AM IST I Like It. | Report Abuse
I was thinking on same lines Hdfc deserve the premium , not Hdfc life ...but there will be sufficient fiis that think it deserves a "HDFC stable" premium and will not bother about returns atleast for a yr or two. The issue lucky with the ratings change !!
avatar
823.4. Mastram  Nov 18, 2017 12:19:04 PM IST I Like It. 1 | Report Abuse
Dipak Bhai.....why you want to leave 4BHK duplex apartment and shift to road side slum....
avatar
822. Nicks Jain  Nov 18, 2017 10:34:00 AM IST I Like It. | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
BHARAT 22 ETF
ANY UPDATES ON SUBSCRIPTION FIGURES IN RETAIL CATEGORY ?
avatar
822.1. Nicks Jain  Nov 18, 2017 11:17:57 AM IST I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
ANY DETAILS ????
avatar
821. rsk  Nov 18, 2017 11:09:23 AM IST I Like It. | Report Abuse Reply
While its true that the pedigree of HDFC life is marquee.
Banking, Housing finance and life insurance are different ball games, while bank is entrenched, HDFC may have seen glorious days in the past, however, IMO Insurance is not easy (as difficult or even more difficult than selling a shoe because of huge premiums and longer durations/commitment), am sure there are people with first hand experience on the board who can comment on challenges in life insurance industry when you are 3rd or a 4th competitor.
avatar
820. GNP  Nov 18, 2017 10:58:45 AM IST I Like It. | Report Abuse Reply
Upcoming ipo in this month???
Reply
avatar
819. Cool Sunshine  Nov 17, 2017 12:45:53 PM IST I Like It. 3 | Report Abuse Reply
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
819.3. yazoo  Nov 18, 2017 10:13:02 AM IST I Like It. | Report Abuse
@amit ... hdfc and hdfc bank have given stellar performance
What have govt companies done other than cheat their small investors ?
Look at ONGC SCI NTPC Coal India etc then you will know why govt cos get discounted
and why hdfc gets a premium
avatar
819.4. amit K singh  Nov 18, 2017 10:49:19 AM IST I Like It. | Report Abuse
@yazoo, agree, that is my point also, premium listing of hdfc life is due to it''s brand and excellent mananagement. It has nothing to do with Moody''s rating news, otherwise other insurance companies would have been up yesterday after Moody''s upgrade news
avatar
818. P M  Nov 18, 2017 10:46:31 AM IST I Like It. | Report Abuse Reply
IPO Mentor IPO Mentor (700+ Posts, 700+ Likes)
Bharat 22 ETF Companies Returns (%)

-------------------------- 1 yr ------------ 3 yr ------------- 5 yr
Axis Bank ------------13.14 ----------- 4.38 --------- 17.07
BOB -------------------- 0.09 ----------- (4.92) --------- 3.02
BEL -------------------- 50.53 --------- 37.29 -------- 37.44
BPCL ----------------- 17.56 --------- 27.32 --------- 35.59
Coal India ----------- (13.40) -------- (8.58) -------- (4.78)
EIL -------------------- 41.30 ---------- 17.20 ---------- 9.42
GAIL ------------------ 37.22 ----------- 6.94 --------- 11.11
Indian Bank --------- 56.92 --------- 29.44 --------- 17.31
IOC -------------------- 35.83 --------- 29.69 -------- 24.65
ITC ---------------------- 6.35 ----------- 0.99 ---------- 6.52
L&T ------------------- 32.26 ----------- 3.77 --------- 11.14
NALCO -------------- 63.51 --------- 10.28 --------- 12.15
NBCC ---------------- 79.34 --------- 36.99 --------- 66.85
NHPC ----------------- 9.76 ------------ 9.61 ---------- 3.58
NLC -------------------- 3.20 ------------ 4.56 ---------- 3.94
NTPC ---------------- 15.93 ------------ 6.70 --------- 0.84
ONGC ---------------- (3.54) -------- (12.22) --------- 0.97
PFC -------------------- 5.29 ----------- (4.51) --------- 5.56
Power Grid --------- 12.31 ---------- 12.96 -------- 11.56
REC ------------------ 23.38 ------------ 0.63 --------- 6.48
SJVN ---------------- 21.40 ----------- 13.28 -------- 11.64
SBI ------------------- 16.94 ------------- 5.28 --------- 8.59

Average ------------ 23.88 ------------ 10.32 -------- 13.67
avatar
817. P M  Nov 18, 2017 9:18:54 AM IST I Like It. 1 | Report Abuse Reply
IPO Mentor IPO Mentor (700+ Posts, 700+ Likes)
IPO - 2017 which gives more than 100% returns
======================================
Company --------------------------------- Issue Price ----------- High ---------- Return % ---------- In Days
Avenue Supermart (Dmart) ---------- 299.00 ---------------- 1289.00 -------- 331.10 ----------- 206
Shankara Buildings -------------------- 460.00 ---------------- 1574.60 -------- 242.30 ----------- 182
CDSL ------------------------------------- 149.00 ----------------- 486.00 -------- 226.17 ------------- 14
Salasar Technologies ----------------- 108.00 ------------------ 334.00 -------- 209.26 ------------- 56
Apex Frozen Foods ------------------- 175.00 ----------------- 534.70 --------- 205.54 ------------- 74
PSP Projects --------------------------- 210.00 ----------------- 469.00 -------- 123.33 ------------ 135
AU Small Finance --------------------- 358.00 ----------------- 725.50 --------- 102.65 --------------- 4
avatar
816. Hardik.Patel  Nov 18, 2017 12:53:42 AM IST I Like It. 3 | Report Abuse Reply
Bharat22 set to provide listing gains

With markets bottomed near 10100 and looks to make fresh highs.....

It seems that Bharat22 will have 3 day weighted average price coming low.

15th Nov - 36.74
16th Nov - 37.07
17th Nov - 37.24

Average should be near 37.02

After 3% discount it would cost 35.90

Predicting markets making new top in next two weeks, we can forecast price of Bharat22 to be 38.5.

This will give a margin of 6% on listing day to allottees.

At Rs 2 lacs application you get 5550 units and at 38.5 it would give a profit of Rs 14300

@37.25 todays rate = 7500 profit
Or @ 36.75 low rate of few days back = 4600 profit

All the best to those subscribed..
avatar
816.1. Arunblr  Nov 18, 2017 7:28:49 AM IST I Like It. | Report Abuse
Bharat 22 subscribed fully in retail ? because time was extended till 9 PM.
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815. sonal patel  Nov 17, 2017 11:52:47 PM IST I Like It. 1 | Report Abuse Reply
upcoming ipo.............any oneeeeeeeeeeeee
avatar
814. Chem cho  Nov 17, 2017 10:20:07 AM IST I Like It. | Report Abuse Reply
IPO Guru IPO Guru (1500+ Posts, 800+ Likes)
SOLD RS 329.5
avatar
814.5. Dhan Ki Baat  Nov 17, 2017 10:33:18 AM IST I Like It. | Report Abuse
Top Contributor Top Contributor (400+ Posts, 300+ Likes)
haha..its ok. I can understand, it is his secret
avatar
814.6. RAJAKUMAR  Nov 17, 2017 11:51:42 PM IST I Like It. | Report Abuse
Sir,
Did you expect this type of listing gain during the ipo period. unexpected things always happen in the stock market. Due to HDFC BRAND VALUE IT HAPPENED. I ALREADY POSTED IT COULD GIVE RS.10 TO 20 ON LISTING. I SOLD 90% OF THE QUANTITY AT DISCOVERED PRICE. REMAIN SOLD BETWEEN 330 TO 365.
avatar
813. CHD  Nov 17, 2017 3:35:47 PM IST I Like It. 2 | Report Abuse Reply
IPO Mentor IPO Mentor (800+ Posts, 200+ Likes)
Firm allotment gives about 20% profit ....what listing - all experts proved fools ...!
avatar
813.4. Navkant  Nov 17, 2017 9:28:24 PM IST I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Sold my 1 full application allotment. Should have applied for more :)
avatar
813.5. piyush.ac  Nov 17, 2017 11:36:43 PM IST I Like It. 1 | Report Abuse
I am also not allotted shares for my application no. 30985766, Karvy can you please resolve the issue. Name : Piyush Agarwal
avatar
812. lake city  Nov 17, 2017 9:25:09 PM IST I Like It. | Report Abuse Reply
can i buy icici prudential at 395 price after this bumper listing of hdfclife any upside in icici prudential is possible please suggest
avatar
812.1. Aniketiaf  Nov 17, 2017 11:26:34 PM IST I Like It. 1 | Report Abuse
Top Contributor Top Contributor (200+ Posts, 900+ Likes)
470 within a year is certainly possible in ICICI prudential.
Buy or not....
Choice should be your''s.
avatar
811. Silapathar  Nov 17, 2017 10:32:10 PM IST I Like It. 1 | Report Abuse Reply
IMO, use this run away rally to exit your positions. Might not see this level for a year again.
avatar
810. Aniketiaf  Nov 8, 2017 7:57:41 PM IST I Like It. 44 | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts, 900+ Likes)
Hdfc life ipo.
I have applied. Listing gain may/maynot be there. But getting Shares of HDFC group company through ipo will be a great achievement. Apply! Confirm allotment will be there. (as ipo size is very big). Forget about profit/loss. Gift the allotted share to your children. Let them sell after 15 /20 years. They/You will be surprised.
Note - As it''s my personal opinion & sincere advice to all our Chittorgarh friends so if you like it than OK other wise leave it for others. Don''t make unwanted comments.
avatar
810.11. Aniketiaf  Nov 17, 2017 4:27:23 PM IST I Like It. 3 | Report Abuse
Top Contributor Top Contributor (200+ Posts, 900+ Likes)
@Anarchist,
Already added few qty. of Hdfc life @ 316 but sold @ 347.5.
60% of allotted share sold @ 356.5
Kept 40% for long term.
BTW bought huge qty of icici prudential yesterday @ 377.5, sold today @ 395.
Finest day for me in term of Profit.
Thanks.
avatar
810.12. Anarchist  Nov 17, 2017 8:01:41 PM IST I Like It. | Report Abuse
Oh! that sounds great..Congratulations mate ...
avatar
809. Rajkumar Bhuj  Oct 30, 2017 9:12:14 PM IST I Like It. 2 | Report Abuse Reply
Top Contributor Top Contributor (400+ Posts, 300+ Likes)
Experts please suggest, will a 2L application get full Allotment?
avatar
809.8. Nicks Jain  Nov 17, 2017 6:59:37 PM IST I Like It. 1 | Report Abuse
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
Who had applied 2 lac must have got handsome money.
avatar
809.9. ASHISH KAPADIA  Nov 17, 2017 7:59:41 PM IST I Like It. | Report Abuse
I had applied in HDFC Life at 2:58 from axis asba by looking at FII subscription which is around 12 time at that time. Ehich gives comfort to me. Got full allottment.
avatar
808. P M  Nov 17, 2017 7:54:20 PM IST I Like It. 3 | Report Abuse Reply
IPO Mentor IPO Mentor (700+ Posts, 700+ Likes)
Infosys Buyback
=============
opens on ----- 30 November 2017
closes on -----14 December 2017
avatar
807. P M  Nov 17, 2017 6:54:18 PM IST I Like It. | Report Abuse Reply
IPO Mentor IPO Mentor (700+ Posts, 700+ Likes)
ICICIDirect : NFO of Bharat 22 ETF is open till 9 pm today
avatar
806. Kartikdevd  Nov 17, 2017 6:41:23 PM IST I Like It. 5 | Report Abuse Reply
Motilal oswal extended time for Bharat 22 ETF till 8:00 PM today.
avatar
805. ashwani  Nov 17, 2017 6:28:56 PM IST I Like It. 1 | Report Abuse Reply
I have applied HDFC LIFE IPO ,my application rightly filled received confirmation mail but I have not got allotment .How it''s possible ,and what to do please guide me.
avatar
804. abcd wxyz  Nov 17, 2017 5:44:52 PM IST I Like It. 3 | Report Abuse Reply
PLEASE NOTE TIME EXTENDED FOR BHARAT ETF 22 TILL 9:00PM
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