HDFC Standard Life lists at premium

Breaking the trend of listing at a discount, HDFC Standard Life Insurance got listed today at a premium to the IPO price.

It got listed at Rs.311 v/s IPO price of Rs.290, bringing some relief to all IPO watchers.

The issue which closed on 9th Nov, had got subscribed 4.89 times.

In our New Issue Analysis, we had given the go-ahead for the long term. We had said, “HDFC stocks have created wealth for investors over the long term. Hence, if one can hold this gem in one’s portfolio purely from the long term perspective, one likely to reap bountiful return. Institutions have demonstrated this patience and commitment, but can the retail investors too??