IPO details of HDFC Life

#1

The IPO of HDFC Life opens today and closes on November 9th. The company is offering shares in the price band of Rs 275-290.

About HDFC Life
Established in the year 2000, HDFC Life is a joint venture between HDFC and Standard Life Aberdeen PLC. It is also one of the most profitable insurers in the country based on Value of New Business (VNB) margin. It is the third private insurers with a 16.5% market share in total private sector premiums. The company has built strong relationships with over 125 major bancassurance partners which include non-banking financial companies, micro-finance institutions and small finance banks. HDFC Life also has a pan India presence with 414 branches.

A wholly owned subsidiary HDFC Pension was incorporated in 2012 to operate pension fund under the National Pension System (NPS). As of 2QFY18 it had Rs 1162.98 crores AUM making it the second largest private pension fund scheme.

Business Details.

Key Financials
Y/E March (` cr) FY13 FY14 FY15 FY16 FY17
Premium Income 11446 11976 14762 16179 19275
% chg 5 23 10 19
PAT 447 725 786 817 887
% chg 62 8 4 9
AUM 67047 74247 91742
Embedded Value 8888 10233 12471
ROE 21 34 31 26 23
PE 130 80 74 71 66
P/BV 27 27 23 19 15
P/EV 6.6 5.7 4.7

.

Life insurance Premium as % of GDP
South Africa 11.5
Sout Korea 7.4
Japan 7.2
Singapore 5.5
Thailand 3.7
US 3
India 2.7
China 2.3
Indonesia 1.6

.

Protection margin across Asia
India 92
China 88
South Korea 85
Thailand 78
Indonesia 79
Japan 56
Singapore 56

This means that for every $100 dollars worth of protection requirement only $8 was insured.

Shareholding pattern
Pre-Issue Post-Issue
No. of shares % No. of shares %
Promoter group 2008973222 100 1709145404 85
Other 299827818 15
Total 2008973222 100 2008973222 100

Issue details
IPO size: Rs Rs 8695 crores at the upper price band
Face value: Rs 10
Retail portion: 35%
Lot size: 50 shares and in multiples thereafter
Maximum subscription amount: Rs.2,00,000
Listing on: both NSE and BSE

IPO timetable
Basis of allotment 14 Nov
Unblocking of funds 15 Nov
Credit to demat accounts 16 Nov
Listing on stock exchanges 17 Nov

To apply for the IPO of HDFC Life follow these steps


Keep track of all the upcoming IPOs here

Allotment details can be checked here.

2 Likes
HDFC Life IPO. No allotment / rejection message or refund. Is it normal?
New ipos and listing
pinned globally #2
#3

One - Life insurance stuff is an excuse to return interest on your money, that too when clubbed with inflation.

Two - Life insurance stock is even greater excuse in that direction. Invest and forget, forever looong.

There - Look at the premium they are asking on such IPO.

#4

Subscribe to the HDFC Life IPO! It will definitely be listed at a higher price. You can book profit then or if you are looking for long term investment, this one is definitely better ICICPRULI.

#5

After 2 unsuccessful IPO subcriptions, I got allotment for HDFC standard life insurance today!!

#6

Getting an allotment these days is tough given the over subscription numbers. Hope you make money.

#7

Me too :grinning:

#8
1 Like
#9

Yup planning to hold it for long term…

1 Like
#10

You should book profit in it as soon as you see an opportunity. Re-enter at lower prices again.
Happy investing!

#11

What was ur bid price for same ? I got alloted 600 shares @ rs 290

#12

Allotment price is the same for everyone.

#13

Yeah :point_up_2::point_up_2::point_up_2: Allotment price will be same for everyone. So all the people who put bids at 289 won’t get any allotment.

#14

Is it wise to invest in HDFC Life OFS? CMP is around 414 whille OFS price is 390.

#15

OFS is always on price priority basis . 410.05 is cut off price in non retail.