HDFC group’s life insurance company HDFC Life will open its $1.5 bln IPO in November. Deepak Parekh, Chairman of HDFC group believes that after completing 17 years in business it’s the right time for HDFC Life to hit the capital market. Listing makes companies more transparent and accountable. He also clarifies, that HDFC as a group followed a strategy of not being in business if it’s not in top five.