HDFC Standard Life lists at 7% premium


Shares of HDFC Standard Life Insurance Company scrip got listed at Rs 311 on BSE, a premium of 7.24% as against issue price of Rs 290.

The initial public offering (IPO) was subscribed 4.89 times.

The price band was fixed at Rs. 275-290 a share.

Earlier, the company alloted 8.07 crore equity shares to anchor investors at Rs. 290 per share aggregating to Rs. 2322 crore.

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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.