What is the maximum no of shares one can apply as retail investor for hdfc life ipo
71.1. R R Patel| Link| Bookmark|
October 29, 2017 6:49:10 PM
IPO Mentor (800+ Posts, 3400+ Likes)
13 lots so 13×50=650 shares @290. Total amount will be 650×290=1,88,500
70. R R Patel| Link| Bookmark|
October 29, 2017 6:46:16 PM
IPO Mentor (800+ Posts, 3400+ Likes)
The upper price band was expected @250 but like other brands and current trends of new IPOs with steep valuations, it also increases price 16% more @290 so nothing much for listing gain but one can apply for long term prospective. Full 2 lakh application may give some return 5-7K profit but it is little risky. So be cautious before applying and wait for last moment to see subscription figures. I will also decide on last day after 2:30 pm for 2 lakh application.
It will have steller listing like IciciPru. Getting a gain of about 2% on listing is not bad. In Banks you get 2% in 6 months. Apply pulling out all your savings lying idle in the bank accounts.
So many insurance companies listed in this year. In the near future we can surely see nifty insurance or something like that. ICICIGL GIC RE ICICI Pru Sbi life Hdfc life Nia And who will be next?
2017-18 First Quarter Eps was Rs.1.6 if we annualise it comes Rs.6.4 So pe ratio is 45. (for the issue price Rs.290) Sbi life came at 57 pe for 2018 @ Rs.700.