The initial public offering of HDFC Standard Life Insurance Co. Ltd was subscribed 4.88 times on Thursday, the final day of the public offering, on the back of an oversubscription in the institutional and high net-worth individuals (HNI) portions of the share sale, according to data from stock exchanges.
As of 6pm, the portion of shares reserved for institutional investors was subscribed 16.6 times, while those for high net-worth individuals and retail investors were subscribed 2.29 times and 88%, respectively.