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As on Nov 17, 2017 12:00 AM Your results on : IPO News    
HDFC Standard Life makes a modest debut
17-Nov-2017 (16:17)

Meanwhile, the S&P BSE Sensex rose 235.98 points or 0.71% to settle at 33,342.80.

Shares of HDFC Standard Life Insurance Company listed on BSE at Rs 311, a premium of 7.24% over the issue price of Rs 290. The stock had hit a high of Rs 369 and low of Rs 307.65 in intraday trade. On the BSE, 2.14 crore shares were traded on the counter.

The initial public offering (IPO) of HDFC Standard Life Insurance Company received bids for 107.74 crore shares, data on NSE showed. The IPO was subscribed 4.90 times. The price band for the IPO was Rs 275 to Rs 290 per share. The IPO opened for bidding on 7 November 2017 and closed on 9 November 2017.

Category wise, the qualified institutional buyers (QIBs) category was subscribed 16.60 times. The non institutional investors (NIIs) category was subscribed 2.29 times. The retail individual investors (RIIs) category was subscribed 0.94 times.

Ahead of the IPO, the company's board finalized allocation of 8 crore shares to 126 anchor investors at a higher end of the IPO price band at Rs 290 per share, aggregating to Rs 2321.98 crore.

On a consolidated basis, HDFC Standard Life Insurance Company reported 8.59% rise in net profit to Rs 886.92 crore on 68.7% rise in total income to Rs 30784.80 crore in the year ended 31 March 2017 (FY 2017) over FY 2016.

HDFC Standard Life Insurance Company is among the top three life insurers in India by market share in new business premium, one of the most profitable life insurers based on the value of new business (VNB) margins and among the top five private life insurers in India. Established in 2000 as a joint venture between HDFC, one of India's leading housing finance institutions, and Standard Life Aberdeen Plc, one of the world's largest investment companies, initially through wholly owned subsidiary The Standard Life Assurance Company and now through wholly owned subsidiary Standard Life Mauritius.

Khadim India makes a weak debut
14-Nov-2017 (16:08)
The New India Assurance Company makes a weak debut
13-Nov-2017 (16:12)
Mahindra Logistics settles flat on debut
10-Nov-2017 (16:05)
HDFC Standard Life IPO subscribed 4.90 times
10-Nov-2017 (11:33)
HDFC Standard Life IPO fully subscribed
08-Nov-2017 (17:00)
HDFC Standard Life IPO subscribed 45% on day one
07-Nov-2017 (17:20)
Khadim India IPO subscribed 1.90 times
07-Nov-2017 (15:39)
Khadim India IPO subscribed 1.83 times on day three
06-Nov-2017 (16:56)
Reliance Nippon settles with decent premium on debut
06-Nov-2017 (16:17)
The New India Assurance IPO garners good subscription
04-Nov-2017 (10:58)
Khadim India IPO subscribed 45% on day two
03-Nov-2017 (17:04)
The New India Assurance Company IPO subscribed 1.19 times
03-Nov-2017 (16:59)
QIB category of Mahindra Logistics IPO subscribed 15.6 times
03-Nov-2017 (10:58)
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