HDFC Standard Life IPO subscribed 1.6 times

 

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.

Yash Ved
Yash Ved is a Senior Correspondent at NewsBarons and comes with a decade of experience across leading online and offline publications. A keen observer of the stock index movement, Yash also likes covering Real Estate and the BFSI sector. A financial management and Journalism student, Yash believes learning as a continuous journey and enjoys following the IT and the Pharmaceutical industry and has penned many articles on the subjects.
yash@newsbarons.com