Stock of HDFC Standard Life Insurance Company listed on Friday with an over 7 % premium against its issue price of ₹ 290.
The stock debuted at ₹311, up 7.24 % from the issue price on the BSE. It later soared 27.24 % to ₹ 369.
At the NSE, it listed at ₹310, reflecting a gain of 6.89 %
The company’s market valuation stood at ₹ 69,671.19 crore.
The ₹8,695-crore IPO of the company was oversubscribed 4.90 times during November 7-9.
The qualified institutional buyers (QIBs) portion was oversubscribed 16.60 times, non-institutional investors 2.29 times and retail investors 94 %, data available with the NSE showed.
Price band for the offer was fixed at ₹275-290 per share.
