HDFC Standard Life Insurance Company Profile
HDFC Standard Life Insurance Company Ltd (HDFC Life) is Mumbai based life insurance provider in India United in 2000. HDFC Life offers a wide range of individual and group insurance solutions including Protection, Pension, Savings & Investment and Health, along with Children’s and Women’s Plan. HDFC Standard Life Insurance, one of the top three private life insurers in profitability.
HDFC Standard Life was the first private life insurer to obtain registration from the IRDAI in 2001 after the market was opened for private players. The company crossed 100,000 policies and 10,000 individual agents through distribution tie-ups in two years. As of 30 September 2017, HDFC Standard Life had 66,372 individual agents and assurance partnership with 125 entities including banks, non-banking financial companies, micro-finance institutions and small finance banks. It has its own nationwide network of 414 branches and spokes. This is the most important distribution channel and generated 50.7% of total new business premiums during FY2017.
Key Strengths
- Strong parentage and a trusted brand that enhances its appeal to consumers.
- Strong financial performance defined by consistent and profitable growth.
- Growing and profitable multi-channel supply footprint that provides market access across various consumer segments in India.
- Super demand from anchor investors.
- Focus on customer centricity enabling growth across business cycles.
- Leading digital platform that provides a superior experience for customers and distributors Independent and experienced leadership team.
HDFC Standard Life Insurance Company Promoters:
The Promoters of the Company are:
- Housing Development Finance Corporation Limited (“HDFC”).
- Standard Life (Mauritius Holdings) 2006 Limited (Standard Life Mauritius).
- Standard Life Aberdeen plc (“Standard Life Aberdeen”).
HDFC Standard Life Insurance Company IPO Details
Symbol: HDFCLIFE
Issue Size: Initial Public offer of up to 299,827,818 Equity Shares
Face Value: Rs. 10
Price Range : Rs 275 to Rs 290
Issue Type : 100% Book Building
Bid Lot : 50 Equity Shares and in multiples thereof
Minimum Order Quantity : 50 Equity Shares
Issue Period: 07-Nov-2017 to 09-Nov-2017
Maximum Subscription Amount for Retail Investor: Rs. 2,00,000
IPO Market Timings: 10.00 a.m. to 5.00 p.m.
HDFC Standard Life Insurance Company Financials:
| HDFC Standard Life’s financial performance (in INR crore) | ||||||
| FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | H1 FY2018 | |
| Premium earned | 14,016.3 | 17,290.7 | 27,090.6 | 18,066.5 | 30,554.4 | 14,415.0 |
| Profit after tax | 447.7 | 725.3 | 785.5 | 818.4 | 892.1 | 554.9 |
| EPS (INR) | 2.24 | 3.64 | 3.93 | 4.10 | 4.44 | 2.80 |
HDFC Life IPO Subscription Details
| Category | Shares offered | Subscription (no. of times) | ||
| Day 1 | Day 2 | Day 3 | ||
| QIB | 53,379,158 | 1.40 | 3.69 | 16.59 |
| NII | 40,034,328 | 0.22 | 0.50 | 2.28 |
| Retail | 93,413,431 | 0.14 | 0.36 | 0.90 |
| Employees | 2,949,520 | 0.44 | 0.77 | 1.22 |
| Shareholders | 29,982,781 | 0.07 | 0.15 | 0.29 |
| Total | 0.46 | 1.17 | 4.89 | |
HDFC Standard Life Insurance Company Allotment Status:
HDFC Life IPO Allotment Date: 14 November 2017
HDFC Life IPO Listing Date: 17 November 2017
You can check your allotment status using your PAN number.
- Visit this page again by end of the above date to know about HDFC Life IPO allotment Status.
- You can share the allotment status with your Family and friends through the Social buttons on top.
- Following are the steps to be followed to know your HDFC Life IPO Allotment Status:
- Click Here to visit the website of the Registrar
- Select HDFC Life from the dropDown Menu (This option will be made available at the end of above date)
- Select PAN radio Button
- Provide your PAN Number
- Enter the Captcha
- Click on Submit Button
