HDFC Standard Life Insurance Company Ltd IPO Message Board (Page 36)

100% agree with Septa sir .. HDFC Life is another over priced IPO. IM AVOIDING HDFC. Not applying even for 1 lot.
BUY post listing or in market corrections some where in range of 200-250.
Hit Like if you agree.

Contact 9820649002

Yes, we investors should unite and boycott such high priced issues.
Remember Dmart as it was fair priced, investors got a pot of gold for themselves. .

Can apply if you are looking at a 3+ years horizon.. Makes sense only then...
growth will be driven by profit driven and not multiple driven as it is already overpriced..
looking at a 15-20% CAGR over next 3 years..
Applying 2-4 lots... will hold for 3-5 years.. .

How to check whether the ipo price is correct or overpriced? Can someone help ..

Above Rs 500 expensive. Below 500 or so, its correct pricing.

*HDFC STAN LIFE INS CO LIMITED*
1ST DAY SUBS.FIGURE AT 10:10 A.M.
QIB 0.00X
NII 0.08X
RII 0.01X
EMP 0.00X
SH H 0.00X
TOTAL 0.02X

Total No.of FORMS : 6089
*Apps Wise : 0.00X*

HDFC is flop show Khadim still have some hopes of 5% gain or may be dark horse 20% gain. ICICI Gen, SBIlife & GIC are the culprits of HDFC flop show, oh and NIA is also. Listing of NIA will be with full of excitements. DONT APPLY IN IPO WITH FIRST NAMES READ ALSO MIDDLE AND LAST NAMES "LIFE" & "INSURANCE". ;-)

Bhai... Experts please advise... Apply or not. We will enjoy profit or loss both with u. We kno its share market.

Still chittorgarh server time problem not solved.

Hdfc Life GmP today...?

if such brainwashing by the brokerages can persuade one to apply, they can easily be persuaded to even end their life..I mean why not try hand at the :Blue Whale'' game at once?.. I''m sure they would make it to the final level and beyond....

Muze lagta hai ye overprices hai... isse acche gains to icici pru pe milne chahiye next 1-2 month mein. I am not applying, may buy at lower levels after listing

let''s not blame the brokerages.. i have come across a person who belonged to that cult and he thought they were compulsive liars...
but then there is no dearth of compulsive idiots who would still go ahead and apply for loooooooooooong term...

If IPO is correctly priced, there is no need for seeking help of Anchor investors to attract retail investors. These tactics are only required when IPO is highly priced.
Long list of investors could not make Reliance Nippon IPO cross even 300 mark.
Pl give required attention to valuations and don''t get distracted.

Anchor investors to attract retail investors is true ,it is purely manipulation by giving discount .Give me name of single ipo where Anchor list is not attractive,Even with good list HNI not applied,E.G Mahendra IPO.

Consolidated opinion of Brokerages, Analysts, Business New Paper Reports, Management Views on HDFC Life IPO .

Ashika Direct: “At the higher price band, the issue is valued at 4.2x as on 30th Sep, 2017 embedded value, which is at premium when considered with 3.9x and 3.6x embedded value for SBI Life and ICICI Prudential respectively. However, considering
robust VNB margins, lower operating expenses ratio and strong persistency ratio coupled with healthy premium growth, the premium valuations are justified. Considering low insurance penetration in India and improvement in share of financial savings in household savings, together with strong operational metrics for HDFC Life, we recommend to “SUBSCRIBE” the issue from long term investment perspective.”

Angel Broking: “HDFC Standard Life Insurance Co Ltd (HDFC Life) started as a JV between HDFC Ltd, India’s largest Housing Finance Company and Standard Life Aberdeen Plc. HDFC Life is the country’s third-largest private sector life insurance company with 16.5% share of total private sector premiums in FY2017. Based on the new business premium (NBP), it ranked second with a market share of 17.2%. It had robust NBP margin of 22% for FY2017 vis-à-vis 10-19% of peers. Outlook & Valuation: At the upper band of Rs. 290 the issue is valued at 4.2x of 2QFY2018 embedded value (EV) of Rs. 14,011cr, bit higher than close listed player SBI Life and ICICI Pru which is trading at 3.6x and 3.3x of 2QFY2018 EV respectively. However, we believe slight premium is justifiable, considering, consistent growth across premium categories, improving dividend payout over last 4 years, strong parentage, trusted brand name, highest VNB margin (22% for FY2017) and well balanced business mix. Based on the above positive factors we assign SUBSCRIBE rating to the issue.“

Capital Market: ” Score 55/100,The company is valued at Rs 58260 crore at the upper price band of Rs 290 per share. With embedded value (EV) at Rs 14010 crore end September 2017, the scrip is offered at 4.2 times the EV. Among the peers, ICICI Prudential Life Insurance Company currently trades at 3.4 times EV end September 2017. SBI Life Insurance is trading at 4 times EV end March 2017. However, ICICI Prudential and Bajaj Allianz computes EV using Indian EV principles set out in actuarial practice standard 10. SBI Life, Max Life and HDFC Standard Life compute EV using market consistent EV principle.”

Choice International: “On valuation front, HDFCSL is available at a P/IEV of 4.7x (to its FY17 IEV), which is aggressively priced as compared to the peers. Also considering the H1 FY18 IEV, the company is available at a P/IEV of 4.2x as compared to 3.4x of the peers. We are of the opinion that considering the revenue-mix, profitability, the higher contribution of new business to the IEV and higher & trusted presence of HDFC brand in the domestic consumers, the premium valuation demanded by the company is justified. Thus considering the above observations, we assign a “SUBSCRIBE” rating for the issue.”

GEPL Capital:“HDFC Standard Life Insurance Company Ltd (HDFC Life) stands to gain from operating leverage. At a P/BV of 15.1xs of FY17 book value we believe that HDFC Life gives a higher return on equity than its peers through its value added business model. We assign a Subscribe rating to the IPO. “

ICICIDirect: “At the IPO price band of | 275-290, the stock is available at P/IEV multiple, of 4.2x H1FY18 EV of |14010 crore (post issue) at the upper end of the price band. Factoring the parentage brand of ‘HDFC’, strong corporate governance and better than industry VNB margins along with high dividend payouts, we believe valuations are reasonable. We recommend that investors Apply to the issue. Post issue market capitalisation is at Rs. 58258 crore at the upper price band.”

KR Choksey: “At the upper price band of Rs. 290 per share, the company is valued at Rs. 580.8 bn which translates into a P/FY17 EV of 4.7x. In comparison to current valuations

Gamble ji, I totally agree with you. Brokerage houses never say avoid. They always say subscribe for long term/ medium to long term

???? brokerage ka faida to milna chahiye na ye brokerage house ko. Yeh is liye subscribe bol rahe hai sab mein

Lets UNITE and bring down such IPOs which are so over priced. Lets us set an example by not applying even a single lot for better IPO expectations in future.

I am with you.

126 Anchor investors allotted total 800,68,600 shares @290 per share for Rs. 2322 crore
==================================================================

Some Anchors investors are

ICICI Prudential
JP Morgan
Goldman Sachs
Reliance Capital
Axis MF
Kotak Mahindra MF
IDFC MF
Aditya Birla Sun Life
L&T MF
IIFL India
Sundaram MF
Motilal Oswal Fund
SBI MF
Hsbc Global
SBI Life Insurance
BNP Paribas
Reliance MF
The Master Trust Bank Of Japan as Trustee
Government Of Singapore
Fil Investments(Mauritius)Ltd
Fidelity Investment Funds
National Railroad Retirement Investment Trust
Government Pension Fund Global
Dsp Blaclrock

Anchor allocation detail report -------- https://nseindia.com/content/ipo/ANCHOR_HDFCLIFE.zip

HDFC Life IPO:Complete Anchor List (72 Investors), Consolidated Brokerage views, Grey Market Premium http://wp.me/p7zwuc-Sx

There are 126 Anchor investor across the world. This is largest ever. HDFC IS VERY GOOD NAME IN THE STOCK MARKET, THAT"S WHY ALL THE INVESTORS TRUST THE HDFC AND INVESTED.

This issue will break the trend of negative listing of insurance companies

Issue is CONSERVATIVELY PRICED and listing gain is coming for sure

In absence of other available opportunities as market has run up too much in too little time I am applying in HDFC Life

HDFC Life Insurance Company Limited IPO - A Flight to Safety which I am boarding on the First Day

Any other good ipo for retailers??? Please suggest.

No money will be coming to the company. Promoters are just taking full advantage of the present market conditions and handing over their shares at very high price which will be justfiable in next 3-4 years. It is not share sale but F/D.