The HDFC Life IPO date has been confirmed from November 7, 2017 and ended on November 9, 2017. Read the post to learn about HDFC Life IPO GMP.
HDFC Life IPO is to raise Rs 8,695.01 crores. Its price band is set at ₹275 to ₹290 per share. The minimum lot size for an application is 50 Shares. HDFC Life Limited IPO GMP Today is ₹707.35. The minimum amount of investment required by retail investors is ₹14,500.
Start your investing journey today. Find the latest information on Upcoming IPOs.
Key Details Of HDFC Life IPO:
Bidding Dates
November 7-9
Price Range
₹275 to ₹290 per share
Face Value
₹10 per share
GMP
₹707.35
HDFC Life IPO GMP
The HDFC Life Limited IPO GMP Today is ₹707.35.
HDFC Life IPO Overview
The HDFC Life IPO is a book-built offering worth Rs 8,695.01 crores. The offering consists fully of 29.98 crore shares for sale. Bidding for the HDFC Life IPO began on November 7, 2017 and closed on November 9, 2017. The HDFC Life IPO allotment was completed on Tuesday, November 14, 2017. On November 17, 2017, the shares were listed on the BSE and NSE. The pricing range for the HDFC Life IPO is set at 275 to 290 per share. An application requires a minimum lot size of 50 Shares. Retail investors must make a minimum investment of $14,500.
HDFC Life distributes policies through a network of multiple channels. Direct sales through own branches, insurance agents, partner banks, and other financial organisations are included. In India, HDFC Life has 414 branches and 15,406 full-time workers. Over 58,147 individual agents work for the company.
HDFC Life IPO Details
| IPO Date | November 7, 2017 to November 9, 2017 |
| Listing Date | November 17, 2017 |
| Face Value | ₹10 per share |
| Price Band | ₹275 to ₹290 per share |
| Lot Size | 50 Shares |
| Total Issue Size | 299,827,818 shares (aggregating up to ₹8,695.01 Cr) |
| Offer for Sale | 299,827,818 shares of ₹10 (aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
HDFC Life IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 50 | ₹14,500 |
| Retail (Max) | 13 | 650 | ₹188,500 |
HDFC Life IPO Timeline
| IPO Open Date | Tuesday, November 7, 2017 |
| IPO Close Date | Thursday, November 9, 2017 |
| Basis of Allotment | Tuesday, November 14, 2017 |
| Initiation of Refunds | Wednesday, November 15, 2017 |
| Credit of Shares to Demat | Thursday, November 16, 2017 |
| Listing Date | Friday, November 17, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 9, 2017 |
Company Profile
HDFC Standard Life Insurance Company Ltd (HDFC Life) is a Mumbai-based life insurance provider that was founded in 2000. HDFC Life offers individual and group insurance options such as Protection, Pension, Savings & Investment, and Health, as well as Children’s and Women’s Plans. HDFC Life is a collaboration between HDFC and Standard Life Aberdeen plc.
HDFC is a major financial services company in India, including home financing, banking, life and general insurance, asset management, venture capital, and educational loans.
Standard Life is an Edinburgh-based investment organization that offers a variety of financial services across the world. Standard Life was established in 1825 as a public business.
Registrar Info
| Name | Kfin Technologies Limited |
| Phone number | 04067162222, 04079611000 |
| Email ID | [email protected] |
| Website | kosmic.kfintech.com |
Contact Details
| Name | HDFC Standard Life Insurance Company Ltd |
| Phone number | +91 (22) 6751 6666 |
| Email ID | [email protected] |
| Website | hdfclife.com |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
HDFC Life IPO FAQs
When HDFC Life IPO will open?
The HDFC Life IPO opens on November 7, 2017 and closes on November 9, 2017.
What is the lot size of HDFC Life IPO?
HDFC Life IPO lot size is 50 Shares, and the minimum amount required is ₹14,500.
When is HDFC Life IPO listing date?
The HDFC Life IPO listing date is on November 17, 2017.
Leave a Reply