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.

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

IPO Date Nov 7, 2017 to Nov 9, 2017
Listing Date Friday, November 17, 2017
Face Value ₹10 per share
Price ₹275 to ₹290 per share
Lot Size 50 Shares
Issue Size299,827,818 shares of ₹10
(aggregating up to ₹8,695.01 Cr)
Offer for Sale299,827,818 shares of ₹10
(aggregating up to ₹[.] Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
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").

HDFC Life IPO Tentative Timetable

HDFC Life IPO opens on Nov 7, 2017, and closes on Nov 9, 2017. The HDFC Life IPO bid date is from Nov 7, 2017 10.00 A.M. to Nov 9, 2017 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Tentative Date
Opening Date Nov 7, 2017
Closing Date Nov 9, 2017
Basis of Allotment Nov 14, 2017
Initiation of Refunds Nov 15, 2017
Credit of Shares to Demat Nov 16, 2017
Listing Date Nov 17, 2017

HDFC Life IPO Lot Size

The HDFC Life IPO lot size is 50 shares. A retail-individual investor can apply for up to 13 lots (650 shares or ₹188,500).

Application Lots Shares Amount
Retail (Min) 1 50 ₹14,500
Retail (Max) 13 650 ₹188,500

Life Insurance IPO Compare

Comparision of Life Insurance IPO's
Particulars ICICI Prudentials SBI Life Insurance HDFC Std Life
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
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 Review

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...

HDFC Life IPO Subscription Status (Bidding Detail)

The HDFC Life IPO is subscribed 4.89 times on Nov 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)

CategorySubscription (times)

HDFC Life IPO Prospectus

HDFC Life IPO Rating

Rating:Rated 3.6 stars
Vote Here ...

HDFC Life IPO Listing Date

Listing Date Friday, November 17, 2017
BSE Script Code 540777
Listing In B Group of Securities
ISIN INE795G01014
IPO Price ₹290 per share
Face Value ₹10 per share

Listing Day Trading Information

IPO Price
Last Trade

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

HDFC Life IPO Registrar

KFin Technologies Limited

Phone: 04067162222, 04079611000


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 Nov 7, 2017, and closes on Nov 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 Nov 7, 2017 and closes on Nov 9, 2017.

HDFC Life IPO lot size is 50 Shares and the minimum order quantity is .

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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

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.

The HDFC Life IPO listing date is on Friday, November 17, 2017.
Open an Instant Account with Zerodha

HDFC Life IPO Message Board

Ranked Members of Forum  Ranked Members | Most Liked Members



895. Default Investor |   Link |Jan 15, 2018 2:47:08 PM
Hello Ipoers

all the very best for allotment

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

894. Manofsteel |   Link |Dec 26, 2017 2:40:24 PM
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Kabhi toh milega.. Aaj nahi toh kal.... Dream girl.. Dream girl..
893. irranna halappanavar |   Link |Dec 19, 2017 8:50:42 AM
892. Nidhike |   Link |Dec 13, 2017 2:55:13 AM
Top Contributor Top Contributor (300+ Posts, 500+ Likes)
Short term Target 3 months

Thangamalai jwelleers now @700
Keep holding :)
891. Justaninvestor |   Link |Dec 7, 2017 12:57:49 PM
Hold your allotment of HDFC Life. It is best retirement investment. Will give return in times and not in percentage.
890. Vikas kesharwani |   Link |Dec 4, 2017 6:46:08 PM
I got 200 share HDFC Life insurance but not showing demat A/c. Please guide me.
890.1. Mahesh Bhaganagare |   Link |Dec 5, 2017 9:14:34 PM
My shares are also not credited to the Demat Account. Tell me if your problem is resolved. If yes, how? Share the details..
889. rashid khan |   Link |Nov 30, 2017 6:42:54 PM
Hey friend these are some of the stocks which are expected to give high returns to fill your pocket with lots of money.

Sun Pharma
Ashok Leyland
AB Capital
Motherson Sumi

Hope it’s sufficient to fill your pocket and if you think its not then
Click Here to know more..
889.1. Hiren K. |   Link |Nov 30, 2017 7:02:28 PM
ITC on exception case, as i hold since 3 years, but not perform as expected
888. BROTHER |   Link |Nov 28, 2017 3:31:20 PM
Sellout 382...2lot
887. Nicks Jain |   Link |Nov 27, 2017 5:50:39 PM
IPO Mentor IPO Mentor (700+ Posts, 800+ Likes)
Below Link for Bharat ETF 22 Allotment:, Full allotment given
886. RJ Rocks |   Link |Nov 27, 2017 1:34:07 PM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
HDFC MUTUAL will list in 12 months.
Source Moneycontrol
885. Kamleshbhai |   Link |Nov 26, 2017 5:08:23 PM
Sir...Hdfc life ne dhoka diya hai naaaaaaaaa
884. Septa |   Link |Nov 17, 2017 10:44:35 AM
IPO Guru IPO Guru (4000+ Posts, 4600+ 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.

884.2. manish t |   Link |Nov 24, 2017 7:59:42 PM
sir any review on future supply chain cmng ipo.
pls share.
884.3. manish t |   Link |Nov 27, 2017 6:08:02 PM
Septa sir can u suggest on coming sme ipo ice make refrigeration.
883. Maa Zaki |   Link |Nov 21, 2017 11:58:42 PM
*Upcoming IPO''s* :-

▶️Aston Paper & Board Mill Ltd 
▶️NSE India
▶️Continental Warehousing
▶️GVR Infra Projects Limited
▶️Paranjape Schemes Limited
▶️SSIPL Retail Limited
▶️Sandhar Technologies Limited
▶️Maini Precision Products Limited
▶️New Delhi Center for Sight Limited
▶️Nihilent Techonologies Limited
▶️Hinduja Leyland Finance Limited
▶️Seaways Shipping and Logistics
▶️Vodafone India
▶️Go Airlines
▶️Aster DM Healthcare
▶️Genesis Colors
▶️G R Infraprojects
▶️Cent Bank Home Finance Limited
▶️VLCC Health Care
883.7. Cool Sunshine |   Link |Nov 24, 2017 11:07:19 AM
haha....good one...

Lighten the pocket to light up the face..:-)
883.8. AnkurGoel |   Link |Nov 24, 2017 7:08:00 PM
List is very old. No one is coming in coming months. Some of them even not filed drhp like Vodafone India, go air.
882. JAISHRIRAM |   Link |Nov 23, 2017 10:34:21 PM
i have bought hdfc life at 405, i am STUCK, may go down further,pls advise!
882.1. Cool Sunshine |   Link |Nov 24, 2017 10:31:43 AM
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.
881. yazoo |   Link |Nov 24, 2017 5:57:52 AM
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
881.1. Anarchist |   Link |Nov 24, 2017 8:32:33 AM
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?
880. HARDIKSHAH |   Link |Nov 24, 2017 1:05:50 AM
Dear Customer GRAPHITE INDIA Strg abv 600 for Medium Term Stop Loss 575 Trgt 700-750.
879. Cool Sunshine |   Link |Nov 17, 2017 12:45:53 PM
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 vigilant pays...
879.8. Cool Sunshine |   Link |Nov 19, 2017 2:45:19 AM
Just saw the following article on, which confirms that Moody''s upgrade could have aided the positive listing of HDFC Standard......
879.9. amit K singh |   Link |Nov 23, 2017 9:51:07 PM
IPO Mentor IPO Mentor (900+ Posts, 1500+ Likes)
Thanks guys, agree your view as the way stock is moving now :)
878. P M |   Link |Nov 23, 2017 5:43:07 PM
IPO Guru IPO Guru (1100+ Posts, 1100+ 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
877. Jaymin bhatt |   Link |Nov 23, 2017 11:31:20 AM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Aston paper 425 koshtak
876. Professor |   Link |Nov 23, 2017 7:48:18 AM
Buy andHold hdfc life. New high come in few days Buy jay shri tea for 1 month 124Rs tgt