HDFC Standard Life IPO subscribed 1.6 times

HDFC Standard Life IPO subscribed 1.6 times

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HDFC Standard Life Insurance Company IPO was subscribed 1.6 times on the last day of the bidding process.

The issue has received bids for 34.87 crore shares,as against the issue size of 21.98 crore shares.

The company raised Rs. 2,322 crore from anchor investors.