A price band of Rs. 275-290 was fixed for its Rs 8,695 crore initial public offer (IPO).
“In this connection, we wish to inform you that the price band for the IPO has been fixed at Rs 275 to Rs 290 per equity share of Rs 10 each of HDFC Life,” HDFC said in a regulatory filing on the stock exchanges.
The minimum bid lot for the IPO has been fixed at 50 equity shares and applications may be made in multiples of 50 equity shares, it said.
The company proposes to issue 29,98,27,818 shares. The issue opens on November 7 and will close on November 9.
