HDFC Standard Life Insurance raises Rs 2,322 crore from anchor investors


Moneycontrol News

HDFC Standard Life Insurance Company Limited on Monday raised Rs 2,322 crore from anchor investors through allocation of 8.0686 crore equity shares at Rs 290 per equity share (upper end of the Price Band).

HDFC Standard Life Insurance Company, the part of housing finance major HDFC, will open its Rs 8,695-crore initial public offering for subscription on November 7, with a price band of Rs 275-290 per share.

It would be the third life insurance company getting listed on bourses; and is the first initial public offering by a company promoted by HDFC, since the initial public offering of HDFC Bank in 1995.

The global co-ordinators and book running lead managers are Morgan Stanley India Company, HDFC Bank, Credit Suisse Securities (India), CLSA India and Nomura Financial Advisory and Securities (India). The book running lead managers are Edelweiss Financial Services, Haitong Securities India, IDFC Bank, IIFL Holdings and UBS Securities India.

Anchors investors include Blackrock Global Funds, ICICI Prudential, TVF Fund, Kuwait Investment, Eastspring, First State Asia, Dragon Peacock, Umbrella Fund, Carnegie, Pfa Kapitalforening Afdeling, Investeringsforeningen Danske Invest, Prince Street (India) Fund Pte Ltd, The Master Trust Bank Of Japan – Alliancebernstein Emerging Markets Growth Stock Mother Fund, Ab Fcp I – Emerging Markets Growth,  Sanford c. Bernstein Fund, Inc., Amundi Funds Sbi Fm Equity India, Government Of Singapore, Monetary Authority Of Singapore, Fil Investments(Mauritius)Ltd, Fidelity Funds – Asia Focus Fund, Kapitalforeningen Institutionel Investor, Fidelity Investment Funds, Jpmorgan, Active Emerging Markets Equity Fund, Abu Dhabi Investment Authority – Jhelum, Jf India Equity Active Open Mother Fund, The Master Trust Bank Of Japan, Ltd As Trustee Of Jpm Brics5 Mother Fund, National Railroad Retirement Investment Trust, Carmignac Investissement,  Pictet, Societe Generale, Reliance Capital, Uc-Rnt Fund, Axis MF, Kotak Mahindra MF, Idfc MF, Birla Sun Life Insurance, L&T MF, Iifl India, Sundaram MF, Motilal Oswal Fund, SBI MF, Hsbc Global, SBI Life Insurance, Indus India Fund, Columbia Emerging Markets Fund, BNP Paribas, T. Rowe Price International Inc, Dsp Hmk Holdings Private Limited, Reliance Mf, Myriad Opportunities Master Fund, Universities Superannuation Scheme Limited, Government Pension Fund Global, Unisuper, Jupiter, Explorer Mauritius, Db International, Citigroup Global, Goldman Sachs, Camas Investments, Capital World, Parvest, Dsp Blaclrock, Aditya Birla Sun Life, Etc.

 

Here are 10 things to know about HDFC Standard Life Insurance IPO