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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.

HDFC Life IPO Details

Issue OpenNov 7, 2017 - Nov 9, 2017
Issue TypeBook Built Issue IPO
Issue Size299,827,818 Eq Shares of ₹10
(aggregating up to ₹8,695.01 Cr)
Offer for Sale299,827,818 Eq Shares of ₹10
(aggregating up to ₹[.] Cr)
Face Value₹10 Per Equity Share
Issue Price₹275 - ₹290 Per Equity Share
Market Lot50 Shares
Min Order Quantity50 Shares
Listing AtBSE, NSE

HDFC Life IPO Tentative Date / Timetable

Bid/Offer Opens OnNov 7, 2017
Bid/Offer Closes OnNov 9, 2017
Finalisation of Basis of AllotmentNov 14, 2017
Initiation of RefundsNov 15, 2017
Credit of Shares to Demat AcctNov 16, 2017
IPO Shares Listing DateNov 17, 2017

HDFC Life IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)
Minimum150₹14,500
Maximum13650₹188,500

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 Subscription Status (Bidding Detail)

HDFC Life IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

QIB

NII

RII

Employee

Others

Total

Shares Offered

53,379,158

40,034,328

93,413,431

2,949,520

29,982,781

219,759,218

Nov 9, 2017 19:00

16.60x

2.29x

0.91x

1.22x

0.29x

4.89x

HDFC Life IPO Prospectus

HDFC Life IPO Rating

1080
3.6
Rating:Rated 3.6 stars

Vote Here ...

HDFC Life IPO Listing Date

Listing DateFriday, November 17, 2017
BSE Script Code540777
NSE SymbolHDFCLIFE
Listing InB
ISININE795G01014
Issue Price₹290 Per Equity Share
Face Value₹10 Per Equity Share

Listing Day Trading Information

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

HDFC Life IPO Reviews / Ratings

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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
Email: investor.service@hdfclife.com
Website: https://www.hdfclife.com/

HDFC Life IPO FAQs

  1. 1. What is HDFC Life IPO?

    HDFC Life IPO is an main-board initial public offering of 299,827,818 equity shares of the face value of ₹10 aggregating up to ₹8,695.01 Crores.

    The issue price of the IPO is ₹275 - ₹290 Per Equity Share. The minimum order quantity is 50 Shares per application and the offer type is Book Built Issue.

    The IPO opens on Nov 7, 2017 and closes on Nov 9, 2017.

    Karvy Computershare Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

  2. 2. When HDFC Life IPO will open?

    The HDFC Life IPO opens on Nov 7, 2017 and closes on Nov 9, 2017.

  3. 3. How to apply for HDFC Life IPO?

    HDFC Life IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.

  4. 4. When HDFC Life IPO allotment?

    The finalization of Basis of Allotment for HDFC Life IPO will be done on Nov 14, 2017, and the allotted shares will be credited to your demat account by Nov 16, 2017. Check the HDFC Life IPO allotment status.

  5. 5. When is HDFC Life IPO listing date?

    The HDFC Life IPO listing date is on Friday, November 17, 2017, at BSE, NSE.

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HDFC Life IPO Review / Comments

Default Investor
895. Default Investor  Jan 15, 2018 13:47 I Like It. | Report Abuse
Hello Ipoers

all the very best for allotment

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

Manofsteel
894. Manofsteel  Dec 26, 2017 13:40 I Like It. | Report Abuse
Kabhi toh milega.. Aaj nahi toh kal.... Dream girl.. Dream girl..
irranna halappanavar
893. irranna halappanavar  Dec 19, 2017 07:50 I Like It. | Report Abuse
HELLO,
THIS IS REGARDING REQUESTING YOU TO INFORM ME AS AND WHEN ANY IPO OPENS
Nidhike
892. Nidhike  Dec 13, 2017 01:55 I Like It. | Report Abuse
Top Contributor Top Contributor (300+ Posts, 400+ Likes)
Short term Target 3 months
**Rs500***

Thangamalai jwelleers now @700
Keep holding :)
⬇⬇⬇click
Justaninvestor
891. Justaninvestor  Dec 7, 2017 11:57 I Like It. 1 | Report Abuse
Hold your allotment of HDFC Life. It is best retirement investment. Will give return in times and not in percentage.
Vikas kesharwani
890. Vikas kesharwani  Dec 4, 2017 17:46 I Like It. 1 | Report Abuse
Sir
I got 200 share HDFC Life insurance but not showing demat A/c. Please guide me.
Mahesh Bhaganagare
890.1. Mahesh Bhaganagare  Dec 5, 2017 20:14 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..
rashid khan
889. rashid khan  Nov 30, 2017 17:42 I Like It. 1 | Report Abuse
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Hiren K.
889.1. Hiren K.  Nov 30, 2017 18:02 I Like It. | Report Abuse
ITC on exception case, as i hold since 3 years, but not perform as expected
BROTHER
888. BROTHER  Nov 28, 2017 14:31 I Like It. 2 | Report Abuse
Sellout 382...2lot
Nicks Jain
887. Nicks Jain  Nov 27, 2017 16:50 I Like It. | Report Abuse
Top Contributor Top Contributor (300+ Posts, 400+ Likes)
Below Link for Bharat ETF 22 Allotment:, Full allotment given

https://www.icicipruamc.com/invonline/APP/ASPX/FrmBharatETF.aspx
RJ Rocks
886. RJ Rocks  Nov 27, 2017 12:34 I Like It. | Report Abuse
HDFC MUTUAL will list in 12 months.
Source Moneycontrol
Kamleshbhai
885. Kamleshbhai  Nov 26, 2017 16:08 I Like It. | Report Abuse
Sir...Hdfc life ne dhoka diya hai naaaaaaaaa
Septa
884. Septa  Nov 17, 2017 09:44 I Like It. 10 | Report Abuse
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.


manish t
884.2. manish t  Nov 24, 2017 18:59 I Like It. 1 | Report Abuse
sir any review on future supply chain cmng ipo.
pls share.
manish t
884.3. manish t  Nov 27, 2017 17:08 I Like It. | Report Abuse
Septa sir can u suggest on coming sme ipo ice make refrigeration.
Maa Zaki
883. Maa Zaki  Nov 21, 2017 22:58 I Like It. 3 | Report Abuse
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▶️Aston Paper & Board Mill Ltd 
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Cool Sunshine
883.7. Cool Sunshine  Nov 24, 2017 10:07 I Like It. 1 | Report Abuse
haha....good one...

Lighten the pocket to light up the face..:-)
AnkurGoel
883.8. AnkurGoel  Nov 24, 2017 18:08 I Like It. | Report Abuse
IPO Mentor IPO Mentor (900+ Posts, 800+ Likes)
List is very old. No one is coming in coming months. Some of them even not filed drhp like Vodafone India, go air.
JAISHRIRAM
882. JAISHRIRAM  Nov 23, 2017 21:34 I Like It. | Report Abuse
i have bought hdfc life at 405, i am STUCK, may go down further,pls advise!
Cool Sunshine
882.1. Cool Sunshine  Nov 24, 2017 09:31 I Like It. 2 | Report Abuse
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.
yazoo
881. yazoo  Nov 24, 2017 04:57 I Like It. 1 | Report Abuse
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
Anarchist
881.1. Anarchist  Nov 24, 2017 07:32 I Like It. 3 | Report Abuse
IPO Mentor IPO Mentor (500+ Posts, 1400+ 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?
HARDIKSHAH
880. HARDIKSHAH  Nov 24, 2017 00:05 I Like It. | Report Abuse
Dear Customer GRAPHITE INDIA Strg abv 600 for Medium Term Stop Loss 575 Trgt 700-750.
Cool Sunshine
879. Cool Sunshine  Nov 17, 2017 11:45 I Like It. 7 | Report Abuse
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...
Cool Sunshine
879.8. Cool Sunshine  Nov 19, 2017 01:45 I Like It. 1 | Report Abuse
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
amit K singh
879.9. amit K singh  Nov 23, 2017 20:51 I Like It. | Report Abuse
Thanks guys, agree your view as the way stock is moving now :)
P M
878. P M  Nov 23, 2017 16:43 I Like It. 3 | Report Abuse
IPO Guru IPO Guru (1100+ Posts, 1000+ 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
Jaymin bhatt
877. Jaymin bhatt  Nov 23, 2017 10:31 I Like It. | Report Abuse
Aston paper 425 koshtak
Professor
876. Professor  Nov 23, 2017 06:48 I Like It. | Report Abuse
Buy andHold hdfc life. New high come in few days Buy jay shri tea for 1 month 124₹ tgt



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