HDFC Life Insurance Company Ltd.

HDFC Standard Life Insurance Company has debuted at Rs 311 on the BSE, up by 21 points or 7.24% from its issue price of Rs 290.

The scrip is currently trading at Rs 325.60, up by 35.60 points or 12.28% from its issue price. It has touched a high and low of Rs 329.30 and Rs 307.65 respectively. So far 1,13,48,000 shares were traded on the counter.

The offering, which was open for subscription between November 7 and November 9, was subscribed 4.90 times. The issue price was fixed at Rs 290 per share i.e. at upper end of price band of Rs 275 - 290 apiece.

HDFC Life is one of the leading life insurance companies in India offering a range of individual and group insurance solutions that meet various customer needs such as Protection, Pension, Savings & Investment and Health, along with Children's and Women's Plan.