Business Standard

HDFC Life Insurance Company Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

8,695.00 cr

Price Range (₹)

290

Lot Size

50

Min Investment (₹)

14,500.00

Listing Exchange

MumbaiNSE

Open Date

07-Nov-2017

Close Date

09-Nov-2017

Listing Date

17-Nov-2017

HDFC Life Insurance Company Ltd News

    The Shares of HDFC Life Insurance Company Ltd have now been listed.

    HDFC Life Insurance Company Ltd IPO Details

    Initial Public Offering of 299,827,818 equity shares* of face value of Rs. 10 each (equity shares) of HDFC Standard Life Insurance Company Limited (company or issuer) for cash at a price of Rs. 290 per equity share (including a share premium of Rs. 280 per equity share), aggregating to Rs. 8695 Crores* through an offer for sale of 191,246,050 equity shares by Housing Development Finance Corporation Limited and 108,581,768 equity shares by Standard Life (Mauritius Holdings) 2006 Limited (the promoter selling shareholders and such offering, the offer). The offer comprises a net offer to the Public of 266,895,517 equity shares* (net offer), a reservation of 2,144,520 equity shares^ (constituting 0.11% of the post offer paid up equity share capital) for purchase by the eligible HDFC LifeEmployees (as defined in definitions and abbreviations) aggregating to Rs. 62.19 Crores* (HDFC Life Employee Reservation Portion), reservation of 805,000 equity shares^ (constituting 0.04% of the Post offer paid up equity share capital^) for purchase by the eligible HDFC employees (as defined in definitions and abbreviations) aggregating to Rs. 23.35 Crores* (HDFC Employee Reservation Portion) and a reservation of 29,982,781 equity shares* (constituting 1.49% of the post-offer paid up equity share capital for purchase by eligible HDFC shareholders (as defined in definitions andabbreviations) for cash at a price of Rs. 290 per equity share aggregating to Rs. 869.50 Crores* (HDFC Shareholders Reservation Portion). The offer constitutes 14.92% of the fully diluted post-offer paid up equity share capital of the company, i.e., assuming exercise of all vested employee stock options and the net offer constitutes 13.28% of the fully diluted post-offer paid-up equity share capital of the company, i.e., assuming exercise of all vested employee stock options. The anchor investor offer price is Rs. 290 per equity share.*subject to finalisation of basis of allotmentThe face value of the equity shares is Rs. 10 each. The offer price is 29 times the face value of the equity shares

    Objective of issue

    HDFC Life Insurance Company Ltd Contact Details

    HDFC Life Insurance Company Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

    Phone - 91-40-67162222

    Fax - 91-40-23001153/23420814

    Email - investor.service@hdfclife.com

    Website - www.hdfclife.com