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Canara HSBC Life IPO fully subscribed driven by institutions
Canara HSBC Life IPO fully subscribed, institutions led the demand.
The IPO of Canara HSBC Life Insurance saw full subscription on its final day, with institutions leading demand. The issue, priced at ₹100-106 per share, received bids worth ₹18,970 million for 178.9 million shares, excluding previous anchor allotments. Institutions oversubscribed nearly threefold, while retail participation was modest at ~35% subscription. The flotation is entirely an offer-for-sale by promoters and major shareholders. Observers view this as positive for India’s IPO market strength.