HDFC Standard Life IPO Date, Review, GMP, Share Price and Analysis

HDFC Life (HDFC Standard Life Insurance Company) is a long-term life insurance provider with its headquarters in Mumbai, offering individual and group insurance.

It is a joint venture between Housing Development Finance Corporation Ltd (HDFC), one of India’s leading housing finance institution and Standard Life Aberdeen PLC, leading well known provider of financial savings & investments services in the United Kingdom. On August 14, 2015 HDFC Ltd. entered into a share sale agreement with Standard Life to sell a 9.00% stake in HDFC Life to the latter. The transaction is subject to receipt of regulatory approvals. Post the completion of the above transaction, HDFC will hold 61.65% stake in HDFC Life and Standard Life’s stake will increase to 35.00%, with rest to be held by others. According to merchant banking sources, the initial public offer (IPO) is expected to be worth Rs 7,500 crore.

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HDFC Life has about 398 branches and presence in 980+ cities and towns in India. The company has also established a liaison office in Dubai.

HDFC Life distributes its products through a multi channel network consisting of Insurance agents, Bancassurance partners (HDFC Bank, Saraswat Bank, RBL Bank), Direct channel, Insurance Brokers & Online Insurance Platform.

HDFC Standard Life IPO Price Dates Details

  • Issue Open: Nov 7, 2017 – Nov 9, 2017
  • Issue Type: Book Built Issue IPO
  • Issue Size: 299,827,818 Equity Shares of Rs 10 aggregating up to Rs 8,695.01 Cr
    › Offer for Sale of 299,827,818 Equity Shares of Rs 10 aggregating up to Rs [.] Cr
  • Face Value: Rs 10 Per Equity Share
  • Issue Price: Rs 275 – Rs 290 Per Equity Share
  • Market Lot: 50 Shares
  • Minimum Order Quantity: 50 Shares
  • Listing At: BSE, NSE

Company Contact Information
HDFC Standard Life Insurance Company Ltd
13th Floor, Lodha Excelus, Apollo Mills Compound,
N.M. Joshi Marg, Mahalaxmi,
Mumbai 400 011
Phone: +91 (22) 6751 6666
Fax: +91 (22) 6751 6861
Email: [email protected]

HDFC Life IPO Registrar
Karvy Computershare Private Limited
Karvy House, 46, Avenue 4, Street No. 1,
Banjara Hills, Hyderabad – 500 034
Andhra Pradesh, India

Phone: +91-40-23312454
Fax: +91-40-23311968
Email: [email protected]

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