|
HDFC STANDARD LIFE INSURANCE COMPANY LIMITED
The Company was incorporated at Mumbai on August 14,2000 as 'HDFC Standard Life
Insurance Company Limited' a public limited company under the Companies Ad, 1956.The
Company obtained a certificate of commencement of business on October 12,2000 and the
certificate of registration from the Insurance Regulatory and Development Authority of
India ('IRDAI') to undertake life insurance business on October
23,2000.
Registered Office: 13th Floor, Lodha Excelus, Apollo
Mills Compound,N.M.Joshi Marg,Mahalaxmi,Mumbai-400011. Corporate Office:
12th, 13th, and 14th Floor, Lodha Excelus, Apollo Mills Compound, N.M.Joshi Marg,
Mahalaxmi,Mumbai-400011. For details of changes to the address of the registered office of
the Company, please see 'History and Certain Corporate Matters' on page
261 of the Prospectus. Telephone: +91 (22) 6751 6666; Facsimile:
+91 (22) 6751 6861; Contact Person: Narendra Gangan, Company Secretary
and Compliance Officer; Email: investor.service@hdfclife.com; Website:
www.hdfclife.com; Corporate Identity
Number: U99999MH2000PLC128245; IRDAI Registration Number: 101
PROMOTERS OF THE COMPANY: HOUSING DEVELOPMENT FINANCE CORPORATION
LIMITED, STANDARD LIFE (MAURITIUS HOLDINGS) 2006 LIMITED AND STANDARD LIFE ABERDEEN PLC
Our Company has filed the prospectus dated November 10,2017 with the Registrar of
Companies, Maharashtra (the 'Prospectus') and the Equity Shares are proposed to
be listed on BSE Limited ('BSE') and National Stock Exchange of India Limited
('NSE') and the trading is expected to commence on November 17,2017.
BASIS OF ALLOTMENT
INITIAL PUBLIC OFFERING OF 299,827,818 EQUITY SHARES OF FACE VALUE OF RS 10
EACH ('EQUITY SHARES') OF HDFC STANDARD LIFE INSURANCE COMPANY LIMITED
('COMPANY' OR 'ISSUER') FOR CASH AT A PRICE OF RS 290 PER EQUITY SHARE
(INCLUDING A SHARE PREMIUM OF RS 280 PER EQUITY SHARE, AGGREGATING TO RS 86,950 MILLION
THROUGH AN OFFER FOR SALE OF 191,246,050 EQUITY SHARES BY HOUSING DEVELOPMENT FINANCE
CORPORATION LIMITED AND 108,581,768 EQUITY SHARES BY STANDARD LIFE (MAURITIUS HOLDINGS)
2006 LIMITED ('THE PROMOTER SELLING SHAREHOLDERS' AND SUCH OFFERING, 'THE
OFFER'). THE OFFER COMPRISED A NET OFFER TO THE PUBLIC OF 266,895,517 EQUITY SHARES
('NET OFFER'), A RESERVATION OF 2,144,520 EQUITY SHARES (CONSTITUTING 0.11% OF
THE POST OFFER PAID UP EQUITY SHARE CAPITAL) FOR PURCHASE BY THE ELIGIBLE HDFC LIFE
EMPLOYEES AGGREGATING TO RS 621.91 MILLION ('HDFC LIFE EMPLOYEE RESERVATION
PORTION'), RESERVATION OF 805,000 EQUITY SHARES (CONSTITUTING 0.04% OF THE POST OFFER
PAID UP EQUITY SHARE CAPITAL) FOR PURCHASE BY THE ELIGIBLE HDFC EMPLOYEES AGGREGATING TO
RS 233.45 MILLION ('HDFC EMPLOYEE RESERVATION PORTION') AND A RESERVATION OF
29,982,781 EQUITY SHARES (CONSTITUTING 1.49% OF THE POST-OFFER PAID UP EQUITY SHARE
CAPITAL FOR PURCHASE BY ELIGIBLE HDFC SHAREHOLDERS AGGREGATING TO RS 8,695 MILLION
('HDFC SHAREHOLDERS RESERVATION PORTION'). THE OFFER CONSTITUTED 14.92% OF THE
FULLY DILUTED POST-OFFER PAID-UP EQUITY SHARE CAPITAL OF THE COMPANY, I.E., ASSUMING
EXERCISE OF ALL VESTED EMPLOYEE STOCK OPTIONS AND THE NET OFFER CONSTITUTED 13.28% OF THE
FULLY DILUTED POST-OFFER PAID-UP EQUITY SHARE CAPITAL OF THE COMPANY, I.E..ASSUMING
EXERCISE OF ALL VESTED EMPLOYEE STOCK OPTIONS.
OFFER PRICE: RS 290 PER EQUITY SHARE OF FACE VALUE OF RS 10 EACH
ANCHOR INVESTOR OFFER PRICE: RS 290 PER EQUITY SHARE
THE OFFER PRICE IS 29.0 TIMES THE FACE VALUE
Risks to Investors relating to pricing:
I. The ten merchant bankers associated with the Offer have handled 45 public
issues in the past three years, out of which 12 issues closed below the issue price on
listing date,
ii. The Price/Earnings ratio based on diluted EPS on restated consolidated basis for FY17
for the Issuer at the upper end of the Price band is as high as 65.91, as compared to the
Industry average of 51.4.
iii. Average cost of acquisition of Equity Shares for the Promoter Selling Shareholders is
much lower than Rs 290, the Offer price at the upper end of the Price Band for the public.
The average cost of acquisition of Equity Shares for HDFC is Rs 10.71 per Equity Share
while for Standard Life Mauritius it is Rs 41.79 per Equity Share.
OFFER PERIOD: OPENED ON : TUESDAY, NOVEMBER 7, 2017;
CLOSED ON : THURSDAY, NOVEMBER 9, 2017
ANCHOR INVESTOR BIDDING DATE WAS : MONDAY, NOVEMBER 6, 2017
Furthermore, in terms of Rule 19(2)(b)(iii) of the Securities Contracts Regulations
Rules, 1957, as amended ('SCRR') read with Regulation 41 of the
ICDR Regulations, this was an Offer for at least 10% of the post-Offer paid-up equity
share capital of the Company, on a fully diluted basis. The Offer was made through the
Book Building Process, in accordance with Regulation 26(1) of the ICDR Regulations,
wherein not more than 50% of the Net Offerwas allocated on a proportionate basis to
Qualified Institutional Buyers ('QIBs'). Provided that the
Company and the Promoter Selling Shareholders, in consultation with the Managers,
allocated up to 60% of the QIB Portion to Anchor Investors on a discretionary basis of
which one-third was reserved for domestic Mutual Funds, subject to valid Bids being
received from domestic Mutual Funds at or above the Anchor Investor Allocation Price. 5%
of the QIB Portion (excluding the Anchor Investor Portion) was available for allocation on
a proportionate basis to Mutual Funds only, and the remainder of the QIB Portion was
available for allocation on a proportionate basis to all QIB Bidders (other than Anchor
Investors), including Mutual Funds, subject to valid Bids being received at or above the
Offer Price. Further, not less than 15% of the Net Offer was available for allocation on a
proportionate basis to Non-Institutional Investors and not less than 35% of the Net Offer
was available for allocation to Retail Individual Investors, in accordance with the ICDR
Regulations, subject to valid Bids being received at or above the Offer Price. Further,
2,144,520 Equity Shares were available for Allocation to Eligible HDFC Life Employees,
805,000 Equity Shares were available for Allocation to Eligible HDFC Employees, and
29,982,781 Equity Shares were available for Allocation to Eligible HDFC Shareholders,
subject to valid Bids being received from them at or above the Offer Price. All Bidders,
other than Anchor Investors, were required to mandatorily utilise the Application
Supported by Blocked Amount ('ASBA') process providing details
of their respective bank accounts which were blocked by the Self Certified Syndicate Banks
('SCSBs'), to participate in the Offer. Anchor Investors were
not permitted to participate in the Offer through the ASBA process. For details, please
see 'Offer Procedure' on page 712 of the Prospectus.
The Offer received 1,102,831 applications for 1,149,396,500 Equity Shares (prior to
technical rejections) resulting in 3.83 times subscription. The details of the
applications received in the Offer from various categories are as under: (beforetechnical
rejections):
SI.
No. |
Category |
No. of
Applications |
No. of Equity
Shares applied |
Amount
(Rs) |
No. of times
Subscribed |
Shares
Reserved as per
Prospectus |
| A |
Retail Individual Investors |
1,067,105 |
84,692,000 |
24,575,313,712.00 |
0.91 |
93,413,431 |
| B |
Non-Institutional Investors |
1,590 |
89,440,750 |
25,937,107,550.00 |
2.23 |
40,034,328 |
| C |
Qualified Institutional Bidders (excluding Buyers Investors) |
222 |
881,952,550 |
255,764,468,000.00 |
16.52 |
53,379,158 |
| D |
Anchor Investors |
126 |
82,037,250 |
23,790,802,500.00 |
1.02 |
80,068,600 |
| E |
HDFC Life Employees Reservation |
4,127 |
1,613,400 |
467,768,500.00 |
0.75 |
2,144,520 |
| F |
HDFC
Employees
Reservation |
1,878 |
1,896,750 |
550,091,000.00 |
2.36 |
805,000 |
| G |
HDFC
Shareholders
Reservation |
27,783 |
7,763,800 |
2,252,452,650.00 |
0.26 |
29,982,781 |
|
Total |
1,102,831 |
1,149,396,500 |
333,338,003,912.00 |
3.83 |
299,827,818 |
Final Demand
A summary of the final demand as at different Bid prices is as under:
| SI No. |
Bid Price |
Bids Quantity |
(%) to Total |
Cumulative Total |
% Cumulative Total |
| 1 |
275 |
1,078,050 |
0.10 |
1,078,050 |
0.10 |
| 2 |
276 |
44,600 |
0.00 |
1,122,650 |
0.10 |
| 3 |
277 |
26,700 |
0.00 |
1,149,350 |
0.11 |
| 4 |
278 |
18,600 |
0.00 |
1,167,950 |
0.11 |
| 5 |
279 |
15,550 |
0.00 |
1,183,500 |
0.11 |
| 6 |
280 |
477,500 |
0.04 |
1,661,000 |
0.15 |
| 7 |
281 |
14,250 |
0.00 |
1,675,250 |
0.16 |
| 8 |
282 |
35,650 |
0.00 |
1,710,900 |
0.16 |
| 9 |
283 |
29,550 |
0.00 |
1,740,450 |
0.16 |
| 10 |
284 |
8,750 |
0.00 |
1,749,200 |
0.16 |
| 11 |
285 |
343,150 |
0.03 |
2,092,350 |
0.19 |
| 12 |
286 |
10,100 |
0.00 |
2,102,450 |
0.19 |
| 13 |
287 |
18,000 |
0.00 |
2,120,450 |
0.20 |
| 14 |
288 |
57,550 |
0.01 |
2,178,000 |
0.20 |
| 15 |
289 |
61,550 |
0.01 |
2,239,550 |
0.21 |
| 16 |
290 |
989,935,550 |
91.73 |
992,175,100 |
91.94 |
| 17 |
CUTOFF |
86,976,750 |
8.06 |
1,079,151,850 |
100.00 |
|
TOTAL |
1,079,151,850 |
100.00 |
|
|
The Basis of Allotment was finalized in consultation with the Designated Stock
Exchange, being NSE on November15,2017.
A. Allotment to Retail Individual Investors (After Technical Rejections)
The Basis of Allotment to the Retail Individual Investors, who have bid at the Cut-Off
Price or at the Offer Price of Rs 290 per Equity Share, was finalized in consultation with
NSE. This category has been subscribed to the extent of 0.8169 times. The total number of
Equity Shares Allotted in Retail Portion is 82,651,050 Equity Shares to 1,044,846
successful Retail Individual Investors. The under subscribed portion of 18,524,402 Equity
Shares in the Retail Portion (including the spillover of 7,762,021 Equity Shares from HDFC
Shareholder Reservation Portion) has been spilled over to QIBs and Non-Institutional
Investors in the ratio of 50:15.
The cateaory-wise details of the Basis of Allotment are as under:
| Category |
No. of
Applications
Received |
% of
Total |
Total No.
of Equity
Shares applied |
% to
Total |
No. of Equity
Shares Allotted
per applicant |
Ratio |
Total No. of
Equity Shares
allotted |
| 50 |
910,360 |
87.13 |
45,518,000 |
55.07 |
50 |
1:1 |
45,518,000 |
| 100 |
55,081 |
5.27 |
5,508,100 |
6.66 |
100 |
1:1 |
5,508,100 |
| 150 |
13,792 |
1.32 |
2,068,800 |
2.50 |
150 |
1:1 |
2,068,800 |
| 200 |
13,736 |
1.31 |
2,747,200 |
3.32 |
200 |
1:1 |
2,747,200 |
| 250 |
5,297 |
0.51 |
1,324,250 |
1.60 |
250 |
1:1 |
1,324,250 |
| 300 |
6,023 |
0.58 |
1,806,900 |
2.19 |
300 |
1:1 |
1,806,900 |
| 350 |
3,991 |
0.38 |
1,396,850 |
1.69 |
350 |
1:1 |
1,396,850 |
| 400 |
2,295 |
0.22 |
918,000 |
1.11 |
400 |
1:1 |
918,000 |
| 450 |
723 |
0.07 |
325,350 |
0.39 |
450 |
1:1 |
325,350 |
| 500 |
4,373 |
0.42 |
2,186,500 |
2.65 |
500 |
1:1 |
2,186,500 |
| 550 |
521 |
0.05 |
286,550 |
0.35 |
550 |
1:1 |
286,550 |
| 600 |
1,211 |
0.12 |
726,600 |
0.88 |
600 |
1:1 |
726,600 |
| 650 |
27,443 |
2.63 |
17,837,950 |
21.58 |
650 |
1:1 |
17,837,950 |
| Total |
1,044,846 |
100.00 |
82,651,050 |
100.00 |
|
|
82,651,050 |
B. Allotment to Non-Institutional Investors (AfterTechnical Rejections)
The Basis of Allotment to the Non-Institutional Investors, who have bid at the Offer Price
of Rs 290 per Equity Share or above, was finalized in consultation with NSE. In this
category 1,485 valid applications for 89,226,450 Equity Shares were received against
47,635,770 Equity Shares (Including spill over of 4,274,862 Equity Shares from Retail
Portion and 3,326,580 Equity Shares from HDFC Shareholder Reservation Portion) reserved
for this category resulting in subscription of 1.8731 times. The total number of Equity
Shares Allotted in this category is 47,635,770 Equity Shares to 1,485 successful
Non-Institutional Investors. The category-wise details of the Basis of Allotment are as
under (sample):
| Category |
No. of
Applications
Received |
% of
Total |
Total No.of
Equity Shares
applied |
% to
Total |
No. of Equity
Shares Allotted
per applicant |
Ratio |
Total No. of
Equity Shares
allotted |
| 700 |
247 |
16.63 |
172,900 |
0.19 |
374 |
1:1 |
92,378 |
| 750 |
56 |
3.77 |
42,000 |
0.05 |
400 |
1:1 |
22,400 |
| 75000 |
2 |
0.13 |
150,000 |
0.17 |
40041 |
1:1 |
80,082 |
| 77000 |
1 |
0.07 |
77,000 |
0.09 |
41108 |
1:1 |
41,108 |
| 80000 |
1 |
0.07 |
80,000 |
0.09 |
42710 |
1:1 |
42,710 |
| 86200 |
1 |
0.07 |
86,200 |
0.10 |
46020 |
1:1 |
46,020 |
| 99000 |
1 |
0.07 |
99,000 |
0.11 |
52854 |
1:1 |
52,854 |
| 100000 |
9 |
0.61 |
900,000 |
1.01 |
53387 |
1:1 |
480,483 |
| 103400 |
3 |
0.20 |
310,200 |
0.35 |
55203 |
1:1 |
165,609 |
| 103450 |
3 |
0.20 |
310,350 |
0.35 |
55229 |
1:1 |
165,687 |
| 105000 |
1 |
0.07 |
105,000 |
0.12 |
56057 |
1:1 |
56,057 |
| 112000 |
1 |
0.07 |
112,000 |
0.13 |
59794 |
1:1 |
59,794 |
| 117250 |
1 |
0.07 |
117,250 |
0.13 |
62597 |
1:1 |
62,597 |
| 122500 |
1 |
0.07 |
122,500 |
0.14 |
65400 |
1:1 |
65,400 |
| 125900 |
1 |
0.07 |
125,900 |
0.14 |
67215 |
1:1 |
67,215 |
| 137500 |
2 |
0.13 |
275,000 |
0.31 |
73408 |
1:1 |
146,816 |
| 150000 |
2 |
0.13 |
300,000 |
0.34 |
80081 |
1:1 |
160,162 |
| 155250 |
1 |
0.07 |
155,250 |
0.17 |
82884 |
1:1 |
82,884 |
| 172000 |
1 |
0.07 |
172,000 |
0.19 |
91826 |
1:1 |
91,826 |
| 172400 |
9 |
0.61 |
1,551,600 |
1.74 |
92040 |
1:1 |
828,360 |
| 175000 |
6 |
0.40 |
1,050,000 |
1.18 |
93428 |
1:1 |
560,568 |
| 200000 |
5 |
0.34 |
1,000,000 |
1.12 |
106775 |
1:1 |
533,875 |
| 207100 |
1 |
0.07 |
207,100 |
0.23 |
110566 |
1:1 |
110,566 |
| 220000 |
1 |
0.07 |
220,000 |
0.25 |
117452 |
1:1 |
117,452 |
| 241350 |
1 |
0.07 |
241,350 |
0.27 |
128851 |
1:1 |
128,851 |
| 250000 |
1 |
0.07 |
250,000 |
0.28 |
133469 |
1:1 |
133,469 |
| 275850 |
1 |
0.07 |
275,850 |
0.31 |
147269 |
1:1 |
147,269 |
| 284450 |
1 |
0.07 |
284,450 |
0.32 |
151861 |
1:1 |
151,861 |
| 301700 |
1 |
0.07 |
301,700 |
0.34 |
161070 |
1:1 |
161,070 |
| 344800 |
7 |
0.47 |
2,413,600 |
2.71 |
184080 |
1:1 |
1,288,560 |
| 400000 |
1 |
0.07 |
400,000 |
0.45 |
213550 |
1:1 |
213,550 |
| 413750 |
2 |
0.13 |
827,500 |
0.93 |
220891 |
1:1 |
441,782 |
| 500000 |
1 |
0.07 |
500,000 |
0.56 |
266937 |
1:1 |
266,937 |
| 517200 |
1 |
0.07 |
517,200 |
0.58 |
276120 |
1:1 |
276,120 |
| 600000 |
2 |
0.13 |
1,200,000 |
1.34 |
320325 |
1:1 |
640,650 |
| 603450 |
2 |
0.13 |
1,206,900 |
1.35 |
322167 |
1:1 |
644,334 |
| 620600 |
1 |
0.07 |
620,600 |
0.70 |
331323 |
1:1 |
331,323 |
| 689650 |
2 |
0.13 |
1,379,300 |
1.55 |
368187 |
1:1 |
736,374 |
| 690000 |
1 |
0.07 |
690,000 |
0.77 |
368374 |
1:1 |
368,374 |
| 700000 |
1 |
0.07 |
700,000 |
0.78 |
373712 |
1:1 |
373,712 |
| 731000 |
1 |
0.07 |
731,000 |
0.82 |
390263 |
1:1 |
390,263 |
| 860000 |
1 |
0.07 |
860,000 |
0.96 |
459132 |
1:1 |
459,132 |
| 862000 |
1 |
0.07 |
862,000 |
0.97 |
460200 |
1:1 |
460,200 |
| 862050 |
1 |
0.07 |
862,050 |
0.97 |
460227 |
1:1 |
460,227 |
| 1000000 |
1 |
0.07 |
1,000,000 |
1.12 |
533875 |
1:1 |
533,875 |
| 1034450 |
2 |
0.13 |
2,068,900 |
2.32 |
552267 |
1:1 |
1,104,534 |
| 1035000 |
1 |
0.07 |
1,035,000 |
1.16 |
552561 |
1:1 |
552,561 |
| 1206850 |
1 |
0.07 |
1,206,850 |
1.35 |
644307 |
1:1 |
644,307 |
| 1350000 |
1 |
0.07 |
1,350,000 |
1.51 |
720731 |
1:1 |
720,731 |
| 1379300 |
2 |
0.13 |
2,758,600 |
3.09 |
736374 |
1:1 |
1,472,748 |
| 1379350 |
1 |
0.07 |
1,379,350 |
1.55 |
736400 |
1:1 |
736,400 |
| 1724100 |
1 |
0.07 |
1,724,100 |
1.93 |
920454 |
1:1 |
920,454 |
| 2586200 |
1 |
0.07 |
2,586,200 |
2.90 |
1380707 |
1:1 |
1,380,707 |
| 2675650 |
1 |
0.07 |
2,675,650 |
3.00 |
1428463 |
1:1 |
1,428,463 |
| 3000000 |
1 |
0.07 |
3,000,000 |
3.36 |
1601625 |
1:1 |
1,601,625 |
| 3103400 |
1 |
0.07 |
3,103,400 |
3.48 |
1656828 |
1:1 |
1,656,828 |
| 3448250 |
1 |
0.07 |
3,448,250 |
3.86 |
1840934 |
1:1 |
1,840,934 |
| 3448300 |
1 |
0.07 |
3,448,300 |
3.86 |
1840961 |
1:1 |
1,840,961 |
| 4000000 |
1 |
0.07 |
4,000,000 |
4.48 |
2135483 |
1:1 |
2,135,483 |
| 4137900 |
1 |
0.07 |
4,137,900 |
4.64 |
2209103 |
1:1 |
2,209,103 |
| 4310300 |
2 |
0.13 |
8,620,600 |
9.66 |
2301152 |
1:1 |
4,602,304 |
| 5172450 |
1 |
0.07 |
5,172,450 |
5.80 |
2761420 |
1:1 |
2,761,420 |
| 6896550 |
1 |
0.07 |
6,896,550 |
7.73 |
3681865 |
1:1 |
3,681,865 |
C. Allotment to QIBs(excluding Anchor Investors) (After Technical Rejections)
Allotment to QIBs, who have Bid at the Offer Price of Rs 290 per Equity Share or above,
has been done on a proportionate basis in consultation with NSE. This category has been
subscribed to the extent of 11.2025 times of QIB Portion. As per the ICDR Regulations,
Mutual Funds were Allotted 5% of the Equity Shares of QIB Portion available, i.e.,
3,935,865 Equity Shares (including spill over of 712,477 Equity Shares from Retail Portion
and 554,430 Equity Shares from HDFC Shareholder Reservation Portion) and other QIBs
including Mutual Funds were Allotted the remaining available Equity Shares, i.e.,
74,781,433 Equity Shares (including spill over of 13,537,063 Equity Shares from Retail
Portion and 10,534,170 Equity Shares from HDFC Shareholder Reservation Portion) on a
proportionate basis. The total number of Equity Shares Allotted in the QIB Portion is
78,717,298 Equity Shares, which were allotted to 221 successful QIB Bidders. The
category-wise details of the Basis of Allotment are as under:
| Category |
Fls/Banks |
Fll |
ICs |
MFs |
Others |
Total |
| QIB |
5,443,716 |
46,291,285 |
2,921,366 |
20,693,344 |
3,367,587 |
78,717,298 |
D. Allotment to Anchor Investors
The Company and the Promoter Selling Shareholders, in consultation with the Managers, have
allocated 80,068,600 Equity Shares to 89 Anchor Investors (through 126 Applications) at
the Anchor Investor Offer Price of Rs 290 per Equity Share in accordance with the ICDR
Regulations. This represents 60% of the QIB Portion.
| Category |
AIF |
FPI |
ICs |
MFs |
FIs |
OTH |
Total |
| Anchor |
3,620,700 |
45,068,750 |
1,551,750 |
27,413,600 |
2,413,800 |
- |
80,068,600 |
E. Allotment under HDFC Life Employees Reservation Portion (AfterTechnical
Rejections)
The Basis of Allotment to investors under the HDFC Life Employees Reservation Portion, who
have bid at the Offer Price of Rs 290 per Equity Share, was finalized in consultation with
NSE. This category has been subscribed to the extent of 0.7272 times. The total number of
Equity Shares Allotted in this category is 1,559,400 Equity Shares to 3,863 successful
bidders. The under subscribed portion of 585,120 Equity Shares in the HDFC Life Employees
Reservation Portion has been spilled over to HDFC Employee Reservation Portion. The
category-wise details of the Basis of Allotment are as under:
| Category |
No. of
Applications
Received |
% of
Total |
Total No.of
Equity Shares
applied |
% to
Total |
No. of Equity
Shares Allotted
per applicant |
Ratio |
Total No. of
Equity Shares
allotted |
| 50 |
929 |
24.05 |
46,450 |
2.98 |
50 |
1:1 |
46,450 |
| 100 |
591 |
15.30 |
59,100 |
3.79 |
100 |
1:1 |
59,100 |
| 150 |
261 |
6.76 |
39,150 |
2.51 |
150 |
1:1 |
39,150 |
| 200 |
259 |
6.70 |
51,800 |
3.32 |
200 |
1:1 |
51,800 |
| 250 |
99 |
2.56 |
24,750 |
1.59 |
250 |
1:1 |
24,750 |
| 300 |
200 |
5.18 |
60,000 |
3.85 |
300 |
1:1 |
60,000 |
| 350 |
204 |
5.28 |
71,400 |
4.58 |
350 |
1:1 |
71,400 |
| 400 |
80 |
2.07 |
32,000 |
2.05 |
400 |
1:1 |
32,000 |
| 450 |
32 |
0.83 |
14,400 |
0.92 |
450 |
1:1 |
14,400 |
| 500 |
111 |
2.87 |
55,500 |
3.56 |
500 |
1:1 |
55,500 |
| 550 |
37 |
0.96 |
20,350 |
1.30 |
550 |
1:1 |
20,350 |
| 600 |
41 |
1.06 |
24,600 |
1.58 |
600 |
1:1 |
24,600 |
| 650 |
292 |
7.56 |
189,800 |
12.17 |
650 |
1:1 |
189,800 |
| 700 |
221 |
5.72 |
154,700 |
9.92 |
700 |
1:1 |
154,700 |
| 750 |
18 |
0.47 |
13,500 |
0.87 |
750 |
1:1 |
13,500 |
| 800 |
7 |
0.18 |
5,600 |
0.36 |
800 |
1:1 |
5,600 |
| 850 |
23 |
0.60 |
19,550 |
1.25 |
850 |
1:1 |
19,550 |
| 900 |
6 |
0.16 |
5,400 |
0.35 |
900 |
1:1 |
5,400 |
| 950 |
2 |
0.05 |
1,900 |
0.12 |
950 |
1:1 |
1,900 |
| 1000 |
69 |
1.79 |
69,000 |
4.42 |
1000 |
1:1 |
69,000 |
| 1050 |
21 |
0.54 |
22,050 |
1.41 |
1050 |
1:1 |
22,050 |
| 1100 |
10 |
0.26 |
11,000 |
0.71 |
1100 |
1:1 |
11,000 |
| 1150 |
4 |
0.10 |
4,600 |
0.29 |
1150 |
1:1 |
4,600 |
| 1200 |
15 |
0.39 |
18,000 |
1.15 |
1200 |
1:1 |
18,000 |
| Category |
No. of
Applications
Received |
% of
Total |
Total No.of
Equity Shares
applied |
% to
Total |
No. of
Equity Shares
Allotted per applicant |
Ratio |
Total No. of
Equity Shares
allotted |
| 1250 |
6 |
0.16 |
7,500 |
0.48 |
1250 |
1:1 |
7,500 |
| 1300 |
6 |
0.16 |
7,800 |
0.50 |
1300 |
1:1 |
7,800 |
| 1350 |
12 |
0.31 |
16,200 |
1.04 |
1350 |
1:1 |
16,200 |
| 1400 |
17 |
0.44 |
23,800 |
1.53 |
1400 |
1:1 |
23,800 |
| 1450 |
2 |
0.05 |
2,900 |
0.19 |
1450 |
1:1 |
2,900 |
| 1500 |
9 |
0.23 |
13,500 |
0.87 |
1500 |
1:1 |
13,500 |
| 1550 |
3 |
0.08 |
4,650 |
0.30 |
1550 |
1:1 |
4,650 |
| 1600 |
6 |
0.16 |
9,600 |
0.62 |
1600 |
1:1 |
9,600 |
| 1650 |
3 |
0.08 |
4,950 |
0.32 |
1650 |
1:1 |
4,950 |
| 1700 |
267 |
6.91 |
453,900 |
29.11 |
1700 |
1:1 |
453,900 |
| Total |
3,863 |
100.00 |
1,559,400 |
100.00 |
|
|
1,559,400 |
F. Allotment under HDFC Employees Reservation Portion (AfterTechnical
Rejections)
The Basis of Allotment to investors under the HDFC Employees Reservation Portion, who have
bid at the Offer Price of Rs 290 per Equity Share, was finalized in consultation with NSE.
This category has been subscribed to the extent of 1.0000 times. The total number of
Equity Shares Allotted in this category is 1,885,400 Equity Shares (including spill over
of 585,120 Equity Shares from HDFC Life Employee Reservation Portion and 495,280 Equity
Shares from the HDFC Shareholders Reservation Portion) to 1,851 successful Bidders. The
category-wise details of the Basis of Allotment are as under:
| Category |
No. of
Applications
Received |
% of
Total |
Total No.of
Equity Shares
applied |
% to
Total |
No. of Equity
Shares Allotted
per applicant |
Ratio |
Total No. of
Equity Shares
allotted |
| 50 |
50 |
2.70 |
2,500 |
0.13 |
50 |
1:1 |
2,500 |
| 100 |
63 |
3.40 |
6,300 |
0.33 |
100 |
1:1 |
6,300 |
| 150 |
35 |
1.89 |
5,250 |
0.28 |
150 |
1:1 |
5,250 |
| 200 |
53 |
2.86 |
10,600 |
0.56 |
200 |
1:1 |
10,600 |
| 250 |
17 |
0.92 |
4,250 |
0.23 |
250 |
1:1 |
4,250 |
| 300 |
45 |
2.43 |
13,500 |
0.72 |
300 |
1:1 |
13,500 |
| 350 |
55 |
2.97 |
19,250 |
1.02 |
350 |
1:1 |
19,250 |
| 400 |
31 |
1.67 |
12,400 |
0.66 |
400 |
1:1 |
12,400 |
| 450 |
8 |
0.43 |
3,600 |
0.19 |
450 |
1:1 |
3,600 |
| 500 |
54 |
2.92 |
27,000 |
1.43 |
500 |
1:1 |
27,000 |
| 550 |
10 |
0.54 |
5,500 |
0.29 |
550 |
1:1 |
5,500 |
| 600 |
15 |
0.81 |
9,000 |
0.48 |
600 |
1:1 |
9,000 |
| 650 |
447 |
24.15 |
290,550 |
15.41 |
650 |
1:1 |
290,550 |
| 700 |
37 |
2.00 |
25,900 |
1.37 |
700 |
1:1 |
25,900 |
| 750 |
12 |
0.65 |
9,000 |
0.48 |
750 |
1:1 |
9,000 |
| 800 |
12 |
0.65 |
9,600 |
0.51 |
800 |
1:1 |
9,600 |
| 850 |
9 |
0.49 |
7,650 |
0.41 |
850 |
1:1 |
7,650 |
| 900 |
11 |
0.59 |
9,900 |
0.53 |
900 |
1:1 |
9,900 |
| 950 |
4 |
0.22 |
3,800 |
0.20 |
950 |
1:1 |
3,800 |
| 1000 |
61 |
3.30 |
61,000 |
3.24 |
1000 |
1:1 |
61,000 |
| 1050 |
19 |
1.03 |
19,950 |
1.06 |
1050 |
1:1 |
19,950 |
| 1100 |
11 |
0.59 |
12,100 |
0.64 |
1100 |
1:1 |
12,100 |
| 1150 |
6 |
0.32 |
6,900 |
0.37 |
1150 |
1:1 |
6,900 |
| 1200 |
11 |
0.59 |
13,200 |
0.70 |
1200 |
1:1 |
13,200 |
| 1250 |
8 |
0.43 |
10,000 |
0.53 |
1250 |
1:1 |
10,000 |
| 1300 |
10 |
0.54 |
13,000 |
0.69 |
1300 |
1:1 |
13,000 |
| 1350 |
12 |
0.65 |
16,200 |
0.86 |
1350 |
1:1 |
16,200 |
| 1400 |
11 |
0.59 |
15,400 |
0.82 |
1400 |
1:1 |
15,400 |
| 1450 |
4 |
0.22 |
5,800 |
0.31 |
1450 |
1:1 |
5,800 |
| 1500 |
14 |
0.76 |
21,000 |
1.11 |
1500 |
1:1 |
21,000 |
| 1550 |
8 |
0.43 |
12,400 |
0.66 |
1550 |
1:1 |
12,400 |
| 1600 |
4 |
0.22 |
6,400 |
0.34 |
1600 |
1:1 |
6,400 |
| 1650 |
6 |
0.32 |
9,900 |
0.53 |
1650 |
1:1 |
9,900 |
| 1700 |
698 |
37.71 |
1,186,600 |
62.94 |
1700 |
1:1 |
1,186,600 |
| Total |
1,851 |
100.00 |
1,885,400 |
100.00 |
|
|
1,885,400 |
G. Allotment under HDFC Shareholders Reservation Portion (AfterTechnical
Rejections)
The Basis of Allotment to investors under the HDFC Shareholders Rsesrvation Portion, who
have bid at the Offer Price of Rs 290 per Equity Share, was finalized in consultation with
NSE. This category has been subscribed to the extent of 0.2438 times. The total number of
Equity Shares Allotted in this category is 7,310,300 Equity Shares to 25,021 successful
Bidders. The unsubscribed portion of 495,280 Equity Shares spilled over to HDFC Employee
Reservation Portion to the extent that the HDFC Employees Reservation Portion was
subscribed and balance 22,177,201 Equity Shares spilled over to QIBs, Non-Institutional
Investors and Retail Individual Investors Portion in the ratio of 50:15:35. The
category-wise details of the Basis of Allotment are as under:
| Category |
No. of
Applications
Received |
% of
Total |
Total No.of
Equity Shares
applied |
% to
Total |
No. of Equity
Shares Allotted
per applicant |
Ratio |
Total No. of
Equity Shares
allotted |
| 50 |
7,375 |
29.48 |
368,750 |
5.04 |
50 |
1:1 |
368,750 |
| 100 |
4,047 |
16.17 |
404,700 |
5.54 |
100 |
1:1 |
404,700 |
| 150 |
1,138 |
4.55 |
170,700 |
2.34 |
150 |
1:1 |
170,700 |
| 200 |
1,667 |
6.66 |
333,400 |
4.56 |
200 |
1:1 |
333,400 |
| 250 |
564 |
2.25 |
141,000 |
1.93 |
250 |
1:1 |
141,000 |
| 300 |
953 |
3.81 |
285,900 |
3.91 |
300 |
1:1 |
285,900 |
| 350 |
522 |
2.09 |
182,700 |
2.50 |
350 |
1:1 |
182,700 |
| 400 |
425 |
1.70 |
170,000 |
2.33 |
400 |
1:1 |
170,000 |
| 450 |
127 |
0.51 |
57,150 |
0.78 |
450 |
1:1 |
57,150 |
| 500 |
726 |
2.90 |
363,000 |
4.97 |
500 |
1:1 |
363,000 |
| 550 |
93 |
0.37 |
51,150 |
0.70 |
550 |
1:1 |
51,150 |
| 600 |
355 |
1.42 |
213,000 |
2.91 |
600 |
1:1 |
213,000 |
| 650 |
7,029 |
28.09 |
4,568,850 |
62.50 |
650 |
1:1 |
4,568,850 |
| Total |
25,021 |
100.00 |
7,310,300 |
100.00 |
|
|
7,310,300 |
The Executive Committee of our Company on November 15, 2017 has taken on record the
Basis of Allotment of Equity Shares approved by the Designated Stock Exchange, being NSE
and has allotted the Equity Shares to various successful Bidders. The Allotment Advice cum
Refund Intimations and/ or notices will be dispatched to the address of the investors as
registered with the depositories. In case the same is not received within ten days,
investors may contact the Registrar to the Offer at the address given below. Further, the
instructions to the Self Certified Syndicate Banks for unblocking of funds, transfer to
Public Offer Account have been issued on November 15,2017 and payment to non-Syndicate
brokers have been issued on November 15,2017. The Equity Shares Allotted to the successful
Allottees have been uploaded on November 15,2017 for credit into the respective
beneficiary accounts subject to validation of the account details with the depositories
concerned. The Company has filed the Listing application with NSE and BSE on November
15,2017 and the trading is expected to commence on November 17,2017.
All capitalised terms used and not specifically defined herein shall have the same meaning
as ascribed to them in the Prospectus.
INVESTORS PLEASE NOTE
The details of the allotment made will be hosted on the website of the Registrar to the
Offer, Karvy Computershare Private Limited at https://karisma.karvy.com/
All future correspondence in this regard may kindly be addressed to the Registrar to the
Offer quoting full name of the first/ sole Bidder, Bid cum Application Form number, Bidder
DP ID, Client ID, PAN, date of submission of Bid cum Application Form, address of the
Bidder, number of Equity Shares applied for, the name and address of the Designated
Intermediary where the Bid cum Application Form was submitted by the Bidder and a copy of
the Acknowledgment Slip received from the Designated Intermediary at the address given
below:
Karvy Computershare Private Limited
Karvy Selenium Tower B, Plot 31-32, Gachibowli,
Financial District, Nanakramguda, Hyderabad - 500 032, Andhra Pradesh, India
Telephone: +91 (40) 6716 2222; Facsimile: +91 (40)
23431551;
Email: einward.ris@karvy.com;
Website: https://karisma.karvy.com/
Investor Grievance ID: hdfclife.ipo@karvy.com
Contact Person: Mr. M. Murali Krishna; SEBI Registration No.:
INR000000221
Place : Mumbai
Date : November 16,2017 |
For HDFC STANDARD LIFE INSURANCE COMPANY LIMITED
On behalf of the Board of Directors
Sd/-
Company Secretary and Compliance Officer |
|
Zerodha (Trading & Demat Account)
RHP
