HDFC Standard Life Insurance Company IPO opens on November 7, 2017

HDFC Standard Life Insurance Company (HDFC Life) is among the top five private life insurers in India (on total new business premium) and most profitable life insurers (based on Value of New Business margin) in FY16 and FY17, according to CRISIL. HDFC Life is coming with an Initial Public Offering (IPO).
Quick facts:
Issue dates : November 7, 2017 to November 9, 2017
Price band : 275 to 290 per share
Lot Size : Minimum 50 shares and in multiples of 50 thereafter
Investors can apply upto a maximum of 2 lakhs in the Retail Category and above  2 lakhs in the Non- Institutional (HNI) category.
HDFC Life has made a reservation of upto 10% of the total offer size for HDFC Shareholders. Also there is a reservation of upto 0.98% of the total offer size for Eligible employees of HDFC Life and HDFC.
All HDFC Shareholders as on August 18, 2017 can make three applications under:
a)HDFC Shareholder Portion
b)Retail Portion
c)HDFC Employee Reservation Portion / HDFC Life Employee Reservation Portion (For Eligible employees only)