HDFC Life IPO

Value of new business (VNB) of the insurer was up 10.3 per cent YoY to Rs 748 crore in Q2FY23 compared to Rs 678 crore in the year-ago period

VNB up 25% YoY to Rs 510 cr, annualised premium equivalent grew 22% to Rs 1,904 cr; Solvency ratio at 178%, slightly above the regulatory norm of 150%

HDFC AMC has time until August 2021 to bring down promoter holding to 75 per cent

HDFC Life's IPO witnessed a record participation from anchor investors

Poor post-listing performance of insurance firms impacted small investors' sentiments towards the IPO: Market players

Valuations are high, but subscribe for the long term, advise analysts

The price band of the IPO has been fixed at Rs 275 to Rs 290 per equity share

As price discovery for life insurers is maturing, attracting premium valuation could be tough

Under section 35 of Insurance Act an insurance cos can only be merged with another insurer: Parekh

The deal ran into rough weather after the Irdai sent it to the AG for approval