HDFC Standard Life Insurance Company Limited IPO
HDFC Standard Life Insurance Company Ltd (HDFC Life) is Mumbai based life insurance provider in India. HDFC Life offers a wide range of individual and group insurance solutions including Protection, Pension, Savings & Investment and Health, along with Children’s and Women’s Plan.
HDFC Life is a joint venture between HDFC and Standard Life Aberdeen plc. HDFC is a leading financial service provider in India offering finance for housing, banking, life and general insurance, asset management, venture capital and education loans. Standard Life is an Edinburgh based investment company offering wide range of financial services across the globe. Standard Life is a public company established in 1825.
HDFC Life sells policies through a multi channel network. This includes direct sales through own branches, Insurance agents, Partner Banks and through other financial institutions. HDFC Life has over 414 branches and 15,406 full-time employees located across India. Company has over 58,147 individual agents.
Objects of the HDFC Standard Life Insurance Company Limited IPO:
HDFC Standard Life Insurance Company Limited IPOare: 1. To achieve the benefits of listing the Equity Shares on the Stock Exchanges 2. To carry out the sale of Offered Shares by the Selling Shareholders.
HDFC Standard Life Insurance Company Limited IPO Details:
|Open Date:||Nov 07 2017|
|Close Date:||Nov 09 2017|
|Face Value:||₹ 10 Per Equity Share|
|Issue Type:||Book Built Issue IPO|
|Issue Size:||8,695.01 Cr.|
|Lot Size:||50 Shares|
|Issue Price:||₹ 275-290 Per Equity Share|
|Listing Date:||Nov 17 2017|