HDFC Standard Life lists with over 7% premium; IPO oversubscribed, m-cap now at Rs 69,671.19 crore

New Delhi: Stock of HDFC Standard Life Insurance Company listed on Friday with an over 7 percent premium against its issue price of Rs 290. The stock debuted at Rs 311, up 7.24 percent from the issue price on the BSE. It later soared 27.24 percent to Rs 369.

Repre

Repre

At the NSE, it listed at Rs 310, reflecting a gain of 6.89 percent. The company's market valuation stood at Rs 69,671.19 crore.

The Rs 8,695-crore IPO of the company was oversubscribed 4.90 times during 7-9 November.

The qualified institutional buyers (QIBs) portion was oversubscribed 16.60 times, non-institutional investors 2.29 times and retail investors 94 percent, data available with the NSE showed.

Price band for the offer was fixed at Rs 275-290 per share.


Updated Date: Nov 17, 2017 12:17 PM

Also Watch

Social Media Star: Abhishek Bachchan, Varun Grover reveal how they handle selfies, trolls and broccoli
  • Monday, July 16, 2018 It's a Wrap: Soorma star Diljit Dosanjh and Hockey legend Sandeep Singh in conversation with Parul Sharma
  • Monday, July 16, 2018 Watch: Dalit man in Uttar Pradesh defies decades of prejudice by taking out baraat in Thakur-dominated Nizampur village
  • Monday, July 16, 2018 India's water crisis: After govt apathy, Odisha farmer carves out 3-km canal from hills to tackle scarcity in village
  • Sunday, July 15, 2018 Maurizio Sarri, named as new Chelsea manager, is owner Roman Abramovich's latest gamble in quest for 'perfect football'

Also See