HDFC Life IPO-Upcoming IPO

HDFC Life IPO-Upcoming IPO

In the list of upcoming IPO HDFC Standard Life Insurance Company Ltd is planning to launch IPO(Initial Public offering).The tentative size of the Upcoming IPO i.e. HDFC Life IPO is 299,827,818 Equity Shares. HDFC Life IPO might open on 7 Nov, 2017 and close on 9Nov, 2017.

HDFC Standard Life Insurance Company Ltd IPO (HDFC Life IPO) details:

  1. HDFC Life details:

  • The company was incorporated on 14 August, 2000 at Mumbai as” HDFC Standard Life Insurance Company Limited” as public limited company under the companies Act, 1956.
  • HDFC life offers wide range of products in individual and group insurance.
  • It is a joint venture between two companies i.e. HDFC and Standard Life Aberdeen plc. Standard Life Aberdeen plc. was established in year 1825 which offers various financial services across the world.
  • HDFC life sells insurance policies through various channel networks which includes direct sale through branches, insurance agents, Partner banks & other Financial Institutions.
  • In the present time company is having 414 branches, 15,406 full-time employees across India, more than 58,147 insurance agents.
  1. Corporate Identity Number (CIN):

  • U99999MH2000PLC128245
  1. Objective of the HDFC Life IPO:

  • The objects of the Offer are to achieve the benefits of listing the Equity Shares on the Stock Exchanges
  • To carry out the sale of Offered Shares by the Selling Shareholders.
  1. Promoters of the Company:

There are three promoters of the company. They are

  • Housing Development Finance Corporation Limited (“HDFC”);
  • Standard Life (Mauritius Holdings) 2006 Limited (“Standard Life Mauritius”); and
  • Standard Life Aberdeen plc (“Standard Life Aberdeen”).
  1. Issue Details of HDFC Life IPO:

The tentative details are as below.

  • Issue Open: Nov 7, 2017 – Nov 9, 2017
  • Issue Type: Book Built Issue IPO
  • Issue Size:299,827,818 Equity Shares of Rs 10 aggregating up to Rs [.] Cr
    › Offer for Sale of 299,827,818 Equity Shares of Rs 10 aggregating up to Rs [.] Cr
  • Face Value: Rs 10 Per Equity Share
  • Issue Price: Rs 275- Rs 290 Per Equity Share
  • Market Lot:50 shares
  • Minimum Order Quantity:
  • Listing At: BSE, NSE
  1. Financial Details of the company:

HDFC Standard Life’s financial performance (in INR crore)
FY2013FY2014FY2015FY2016FY2017Q1 FY2018
Premium earned14,016.317,290.727,090.618,066.530,554.46,487.4
Profit after tax447.7725.3785.5818.4892.1316.4
EPS (INR)2.243.643.934.104.441.57
  1. DRHP of HDFC Life IPO:

DRAFT RED HERRING PROSPECTUS

  1. Lead Managers:

    1. CLSA India Private Limited
    2. Credit Suisse Securities (India) Private Limited
    3. Edelweiss Capital Limited
    4. Haitong Securities India Private Limited
    5. HDFC Bank Limited
    6. IDFC Bank Limited
    7. IIFL Holdings Limited
    8. Morgan Stanley India Company Pvt Ltd
    9. Nomura Financial Advisory And Securities (India) Pvt Ltd
    10. UBS Securities India Private Limited

9.Registrar to the IPO:

Karvy Computershare Private Limited
Phone of the Registrar:+91-40-23312454

       10.Registered Office of the Company :

HDFC Standard Life Insurance Company Ltd
13th Floor, Lodha Excelus, Apollo Mills Compound,
M. Joshi Marg, Mahalaxmi,
Mumbai 400 011
Phone: +91 (22) 6751 6666
Fax: +91 (22) 6751 6861

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