Canara HSBC Life gathers ₹750 cr from 33 anchors before IPO

Canara HSBC Life Insurance Company successfully raised approximately ₹750 crore from 33 anchor investors ahead of its public listing. Domestic mutual funds accounted for around 60% of the allocation, while foreign institutions completed the remainder. The IPO is scheduled to open next week and could raise a total of about ₹2,300 crore. Analysts say strong institutional and retail demand reflects confidence in the life-insurance sector’s growth potential and favorable investor sentiment in India’s financial markets.