HDFC Life IPO opens today: Should you invest?

Valuations are high, but subscribe for the long term, advise analysts

HDFC Standard Life Insurance, one of the top three private life insurers in profitability, on Tuesday launched its Rs 8,695-crore initial public offering (IPO), the biggest so far in the country’s life insurance sector. 

The price band for the offer has been fixed at Rs 275-290 a share. The public issue comprises sale of 191,246,050 equity shares by HDFC, amounting to a 9.55% stake, and up to 108,581,768 shares, or 5.42% holding, by Standard Life Mauritius.

While the company raised Rs 2,322 crore from anchor investors on Monday, should you put your money in the offer as a retail investor, especially given