IPO

HDFC Standard Life Insurance Company Limited IPO

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Offer Date: Nov 7, 2017 - Nov 9, 2017

₹ 14500 /50 Shares

07 Nov, 2017

Open Date

09 Nov, 2017

Close Date

15 Nov, 2017

Allotment Date

17 Nov, 2017

Listing Date
IPO Issue Details
  • Issue Price Rs 275 - Rs 290 Per Equity Share
  • Face Value Rs 10 Per Equity Share 
  • Issue Price 29,98,27,818 Equity Shares of Rs 10 aggregating up to Rs 8695.01 Cr
  • Listing at NSE, BSE
  • Lead Manager Morgan Stanley India Company Private Limited, HDFC Bank Limited, Credit Suisse Securities (India) Private Limited, CLSA India Private Limited, Nomura Financial Advisory and Securities (India) Private, Edelweiss Financial Services Limited, Haitong Securities India Private Limited, IDFC Bank Limited, IIFL Holdings Limited and UBS Securities India Private Limited
  • Registrar Karvy Computershare Private Limited
IPO Details
  • Retail Portion N/A
IPO Details


The IPO of is priced at ₹275 - 290 per equity share, which has a face value of Rs 10 Per Equity Share  each, IPO bidding starts from Nov 7, 2017 and ends on Nov 9, 2017. The allotment for IPO will be finalized on Nov 15, 2017. IPO will be listed on BSE, NSE, with a tentative listing date fixed as Nov 17, 2017. The company shall list its equity shares on the NSE, BSE. Karvy Computershare Private Limited is the registrar of the issue.

The book-running lead manager for the IPO is/are Morgan Stanley India Company Private Limited, HDFC Bank Limited, Credit Suisse Securities (India) Private Limited, CLSA India Private Limited, Nomura Financial Advisory and Securities (India) Private, Edelweiss Financial Services Limited, Haitong Securities India Private Limited, IDFC Bank Limited, IIFL Holdings Limited and UBS Securities India Private Limited.


The IPO sets its price band at 275 - 290 for each share. A single application for HDFC Standard Life Insurance Company Limited IPO must contain at least 50 shares.

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IPO Subscription Analysis And Details
Retail
0.90x
QIB
16.60x
NII
2.29x
Total
4.89x
As on QIB NII Retail Total
Shares Offered / Reserved 5,33,79,158 4,00,34,328 9,34,13,431 21,97,59,218
Day 1 07-11-17
1.4 x 0.22 0.15 x 0.45 x
Day 2 08-11-17
3.69 x 0.49 0.36 x 1.18 x
Day 3 09-11-17
16.6 x 2.29 0.9 x 4.89 x
Valuations
Earnings Per Share (EPS) Rs 4.4
P/E Ratio 65.90
RoNW 25.6%
Net Asset Value (NAV) Rs 19.1
IPO - Issue Objectives
1

Offer for SaleCompany will not receive any proceeds from the Offer for Sale.