Canara HSBC Life IPO fully subscribed driven by institutions
Canara HSBC Life IPO fully subscribed, institutions led the demand.
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6h agoCanara HSBC Life IPO fully subscribed driven by institutions
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.
positive
6h agoCanara HSBC Life IPO fully subscribed driven by institutions
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.
positive
Canara HSBC Life IPO fully subscribed driven by institutions
about 6 hours ago
1 min read
71 words
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.
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.
Companies:
Canara HSBC Life
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insurance
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insurance
corporates
India
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