Canara HSBC Life IPO Fully Subscribed on Final Day
Institutional demand drives full subscription in Canara HSBC Life IPO.
Live Market Updates
Latest Financial News
Stay ahead with real-time financial news, market insights, and expert analysis from trusted sources worldwide
News Feed
1 articles
Live Market Updates
Latest Financial News
Stay ahead with real-time financial news, market insights, and expert analysis from trusted sources worldwide
positive
23h agoCanara HSBC Life IPO Fully Subscribed on Final Day
The Canara HSBC Life Insurance IPO was fully subscribed on its last day, primarily led by institutional investors. The offer was priced in the ₹100–106 band, garnering bids worth ₹18.97 billion for 166.7 million shares—well above supply. Anchor investors had earlier picked up ₹7.5 b. The IPO was purely an offer-for-sale and did not raise fresh capital. Retail subscription lagged, at ~35%.
positive
23h agoCanara HSBC Life IPO Fully Subscribed on Final Day
The Canara HSBC Life Insurance IPO was fully subscribed on its last day, primarily led by institutional investors. The offer was priced in the ₹100–106 band, garnering bids worth ₹18.97 billion for 166.7 million shares—well above supply. Anchor investors had earlier picked up ₹7.5 b. The IPO was purely an offer-for-sale and did not raise fresh capital. Retail subscription lagged, at ~35%.
positive
Canara HSBC Life IPO Fully Subscribed on Final Day
about 23 hours ago
1 min read
62 words
Institutional demand drives full subscription in Canara HSBC Life IPO.
The Canara HSBC Life Insurance IPO was fully subscribed on its last day, primarily led by institutional investors. The offer was priced in the ₹100–106 band, garnering bids worth ₹18.97 billion for 166.7 million shares—well above supply. Anchor investors had earlier picked up ₹7.5 b. The IPO was purely an offer-for-sale and did not raise fresh capital. Retail subscription lagged, at ~35%.
The Canara HSBC Life Insurance IPO was fully subscribed on its last day, primarily led by institutional investors. The offer was priced in the ₹100–106 band, garnering bids worth ₹18.97 billion for 166.7 million shares—well above supply. Anchor investors had earlier picked up ₹7.5 b. The IPO was purely an offer-for-sale and did not raise fresh capital. Retail subscription lagged, at ~35%.
Companies:
Canara HSBC Life Insurance
Tags:
ipo
finance
ipo
finance
India
insurance
Source: