HDFC Standard Life Insurance Company IPO
HDFC Standard Life Insurance Company Limited (HDFCLIFE) · mainboard IPO on NSE and BSE. Listed on 17 November 2017.
Listed 17 Nov
Subscribed 4.90x
Listing gain +6.9%
Issue details
Price band
₹275–290
Issue price
₹290
Lot size
—
Min. retail bid
—
Issue size
₹8,695 Cr
Bidding
07 Nov – 09 Nov 2017
Listing
17 Nov 2017
Retail quota
35%
Listing day
Listed at
₹310
+6.9% vs issue price ₹290
Day's high
₹369
+27.2% · low ₹307 (+5.9%)
Day's close
₹345
+18.8% · traded ₹5,525 Cr
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 5,33,79,158 | 88,59,30,200 | 16.6x | |
| NII (HNI) total | 4,00,34,328 | 9,14,82,500 | 2.29x | |
| Retail | 9,34,13,431 | 8,75,12,350 | 0.94x | |
| Employees | 29,49,520 | 36,70,300 | 1.24x | |
| Shareholders | 2,99,82,781 | 88,95,700 | 0.30x | |
| Total | 21,97,59,218 | 1,07,74,91,050 | 4.90x |
Bids on NSE and BSE together, as published by NSE. Shares offered exclude the anchor portion. 8% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to HDFC Standard Life Insurance Company's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| SBI Life Insurance CompanySep 2017 | 12.6x | 0.70x | 0.85x | 3.58x | ₹8,400 Cr | +5.0% | +5.7% |
| ICICI Lombard General Insurance CompanySep 2017 | 8.17x | 0.83x | 1.23x | 2.98x | ₹5,701 Cr | -1.5% | +5.0% |
| Laurus LabsDec 2016 | 10.5x | 3.58x | 1.67x | 4.57x | ₹1,334 Cr | +14.5% | +16.4% |
| Sheela FoamDec 2016 | 14.5x | 3.35x | 0.44x | 5.09x | ₹548 Cr | +17.8% | +41.4% |
| L&T Technology ServicesSep 2016 | 5.01x | 1.03x | 1.75x | 2.53x | ₹894 Cr | +7.0% | +8.3% |
| Mahindra LogisticsNov 2017 | 15.6x | 2.07x | 6.10x | 7.90x | ₹829 Cr | 0.0% | +1.1% |
Frequently asked
What is the HDFC Standard Life Insurance Company IPO price band and lot size? ₹275–290 per share.
How many times has it been subscribed? 4.90x overall: QIB 16.6x, NII 2.29x, retail 0.94x, employees 1.24x.
How did it list? It opened at ₹310, +6.9% against the issue price of ₹290, and closed its first day +18.8%.
Other IPOs of 2017
Astron Paper & Board MillsFuture Supply Chain SolutionsShalbyKhadim IndiaThe New India Assurance CompanyMahindra LogisticsReliance Nippon Life Asset ManagementGeneral Insurance Corporation Of India
All 2017 IPOs →
Important: The AI listing estimates on Flash Finance are statistical estimates drawn from
how past Indian IPOs have listed. They are not a forecast of what any IPO will do, not a recommendation to apply, buy or sell,
and not investment advice. Listing prices depend on market conditions on the listing day and can differ widely from any
estimate; past patterns may not repeat. Subscription figures are as published by NSE (bids on NSE and BSE together) and can be
revised. Flash Finance is not a SEBI-registered investment adviser or research analyst. Read the issue's Red Herring
Prospectus and consult a SEBI-registered adviser before you invest.
