Canara HSBC Life IPO Day 1 sees ~9% subscription
Canara HSBC Life IPO subscription muted at ~9% on opening day.
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8h agoCanara HSBC Life IPO Day 1 sees ~9% subscription
Canara HSBC Life Insurance’s IPO, opened on October 10 with a price band of ₹100–₹106, saw a modest ~9% subscription on Day 1. The Retail segment drew ~14%, Non-Institutional Investors (NIIs) ~5%, and Qualified Institutional Buyers (QIBs) only ~3%. Anchor investors placed bids on October 9. The IPO is entirely an offer for sale (OFS) of 23.75 crore shares. Listing is expected October 17.
neutral
8h agoCanara HSBC Life IPO Day 1 sees ~9% subscription
Canara HSBC Life Insurance’s IPO, opened on October 10 with a price band of ₹100–₹106, saw a modest ~9% subscription on Day 1. The Retail segment drew ~14%, Non-Institutional Investors (NIIs) ~5%, and Qualified Institutional Buyers (QIBs) only ~3%. Anchor investors placed bids on October 9. The IPO is entirely an offer for sale (OFS) of 23.75 crore shares. Listing is expected October 17.
neutral
Canara HSBC Life IPO Day 1 sees ~9% subscription
about 8 hours ago
1 min read
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Canara HSBC Life IPO subscription muted at ~9% on opening day.
Canara HSBC Life Insurance’s IPO, opened on October 10 with a price band of ₹100–₹106, saw a modest ~9% subscription on Day 1. The Retail segment drew ~14%, Non-Institutional Investors (NIIs) ~5%, and Qualified Institutional Buyers (QIBs) only ~3%. Anchor investors placed bids on October 9. The IPO is entirely an offer for sale (OFS) of 23.75 crore shares. Listing is expected October 17.
Canara HSBC Life Insurance’s IPO, opened on October 10 with a price band of ₹100–₹106, saw a modest ~9% subscription on Day 1. The Retail segment drew ~14%, Non-Institutional Investors (NIIs) ~5%, and Qualified Institutional Buyers (QIBs) only ~3%. Anchor investors placed bids on October 9. The IPO is entirely an offer for sale (OFS) of 23.75 crore shares. Listing is expected October 17.
Companies:
Canara HSBC Life Insurance
Tags:
IPO
insurance
IPO
insurance
subscription
India markets
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