STOCK MARKET BSE NSE

HDFC Standard Life lists with over 7 percent premium

The stock of HDFC Standard Life Insurance Company listed today with an over 7 percent premium against its issue price of Rs 290.

Published: 17th November 2017 11:13 AM  |   Last Updated: 17th November 2017 01:10 PM   |  A+A-

HDFC (File photo | Reuters)

HDFC (File photo | Reuters)

By PTI

NEW DELHI: Stock of HDFC Standard Life Insurance Company listed today with an over 7 percent premium against its issue price of Rs 290.

The stock debuted at Rs 311, up 7.24 percent from the issue price on the BSE. It later soared 27.24 percent to Rs 369.

At the NSE, it listed at Rs 310, reflecting a gain of 6.89 percent.

The company's market valuation stood at Rs 69,671.19 crore.

The Rs 8,695-crore IPO of the company was oversubscribed 4.90 times during November 7-9.

The qualified institutional buyers (QIBs) portion was oversubscribed 16.60 times, non-institutional investors 2.29 times and retail investors 94 percent, data available with the NSE showed.

Price band for the offer was fixed at Rs 275-290 per share.

More from Business.

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

IPL_2020
flipboard facebook twitter whatsapp