HDFC Standard Life Insurance Company Ltd

HDFC Standard Life Insurance Company Ltd

Issue Open

Nov 07, 2017

Price Band

₹ 275 - ₹ 290

Issue Size

₹ 8,695.01 Cr

Credit of Shares to Demat

-

Issue Close

Nov 09, 2017

Bid Lot

50

Listing Exchange

BSE, NSE

Cut off time for UPI Mandate Confirmation

-

Issue Type

Book Built Issue IPO

Minimum Order Quantity

50

Allotment Details

-

Face Value

Rs 10 Per Equity Share

Listing On

Nov 17, 2017

Refunds

-

About the company:

Introduction: HDFC Standard Life Insurance Company Ltd is a Mumbai headquartered life insurance provider in the country. HDFC leverages multi channel sales technique to a significant chunk of the pie. For this it employs more than 15400 people across the country. It has around 58150 agents to penetrate the market.

Date of Establishment: Company was formed in the year 2000. 

Product & Service Offering: The company offers following services in:

     - Protection, Pension, Savings & Investment and Health, along with Children's and Women's Plan

Customer Segment: Customer base comprises of retail and corporate clients.  

Promoters of HDFC Standard Life

     1. Housing Development Finance Corporation Limited  

     2. Standard Life (Mauritius Holdings) 2006 Limited ("Standard Life Mauritius"); and

     3. Standard Life Aberdeen plc .

Objects of the Issue: The key aim of the issue is to meet

     i) leverage the benefits of getting listed on exchanges

     ii) providing easy exit to current investors.  

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