HDFC Standard Life Insurance Company Limited IPO - Should you subscribe?
IPO Overview: HDFC and Standard Life Mauritius promoted company HDFC Standard Life is going to hit the primary market on November 7,2017 with Rs. 8245.27 - Rs. 8695 Crore IPO. The issue closes on November 9,2017. The tentative dates of allotment and listing are November 15, 2017 and November 17,2017 respectively. The allotment status can be seen on http://karisma.karvy.com . The company has set price range between Rs.275 - Rs.290 per share and minimum application lot is for 50 shares. HDFC Standard Life IPO is a 100% Offer For sale. The existing shareholders shall sell 29,98,27,818 shares. Out of 29,98,27,818 shares, 21,44,520 shares are reserved for HDFC Life employees, 8,05,000 shares are reserved for HDFC Employees and 2,99,82,781 shares are reserved for HDFC Shareholders. Out of net 26,68,95,517, 35% shares are reserved for Retail Investors. Object of the issue: The company will not receive any proceeds from the of