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Monday, December 23, 2024 | 06:47 PM ISTEN Hindi

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HDFC Standard Life extends gains post debut, spikes 27% against issue price

The stock was listed at Rs 311, a 7% premium against issue price of Rs 290 per share on the BSE. It was opened at Rs 310 on the National Stock Exchange.

HDFC Life
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HDFC Life

SI Reporter Mumbai
HDFC Standard Life Insurance Company (HDFCSL) made a positive debut by listing at Rs 311, a 7% premium against issue price of Rs 290 per share on the BSE. The stock opened at Rs 310 on the National Stock Exchange (NSE).

At 11:36 AM; the stock was trading at Rs 340 on the BSE and NSE, after hitting an intra-day high of Rs 369, up 27% against its issue price. 

HDFCSL's Rs 8,695 crore initial public offer (IPO) was oversubscribed 4.9 times to its issue size. The issue got strong response from the qualified institutional buyers (QIBs), which

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