For Quick Alerts
Subscribe Now  
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

HDFC Standard Life IPO Fixes Price Band of Rs 275 To Rs 290

The price band for the IPO has been fixed at Rs 275 to Rs 290 per equity share of Rs 10 each of HDFC Life.

|

HDFC Standard Life Insurance Company, a subsidiary of country's largest mortgage lender HDFC, fixed price band for its Rs 8,695 crore initial public offer (IPO).

 

"In this connection, we wish to inform you that the price band for the IPO has been fixed at Rs 275 to Rs 290 per equity share of Rs 10 each of HDFC Life," HDFC said in a regulatory filing on the stock exchanges. HDFC Standard Life IPO To Hit Market On Nov 7

 
HDFC Standard Life IPO Fixes Price Band of Rs 275 To Rs 290

The minimum bid lot for the IPO has been fixed at 50 equity shares and applications may be made in multiples of 50 equity shares, it said. The company proposes to issue 29,98,27,818 shares. The issue opens on November 7 and will close on November 9. At the upper price band, the IPO will fetch promoters Rs 8,695 crore while at the lower end, it will be Rs 8,245 crore.

At present, HDFC owns 61.41 per cent stake in HDFC Standard Life and Standard Life has about 34.86 per cent stake, while the remaining is with employees and PremjiInvest. The objects of the offer are to achieve the benefits of listing the equity shares on the stock exchanges. New India Assurance Rs 10,000 crore IPO: Things To Know

Goodreturns.in

Read more about: hdfc standard life ipo
Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X