HDFC Life Insurance Company Ltd IPO..............Should you apply????

Hello Friends, Another IPO, another insurance company. I guess India is offloading all its insurance company shares in the market. Today’s IPO to be discussed is HDFC Life Insurance Company Ltd. The company is promoted by Housing Development Finance Corporation Limited, Standard Life (Mauritius Holdings) 2006 Limited And Standard Life Aberdeen Plc. Lets first look at the basics. Particulars Details Company Name HDFC Life Insurance Company Ltd Issue Open Date 07 th Nov 2017 Issue Closing Date 09 th Nov 2017 Issue Price Band Rs 275 to Rs 290 Issue Size Rs 8695.01 Crs Shares per Lot 50 Shares A bout the company!!! The company is in the business of life insurance. But along with life insurance it also provides Health insurance, Investment plans, retirement plans etc. It’s a part of HDFC. HDFC Life is one of the most