Canara HSBC Life IPO fully subscribed on final day driven by institutional demand
Canara HSBC Life IPO saw full subscription on final day led by QIB 3.5× bids, highlighting robust investor confidence in insurance sector growth and steady profit outlook.
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19h agoCanara HSBC Life IPO fully subscribed on final day driven by institutional demand
Canara HSBC Life Insurance’s ₹1,775 crore IPO was fully subscribed on its final day with over 178.9 million shares bid against 166.7 million on offer. Qualified institutional buyers subscribed 3.5×, while retail was 1.4×. The price band was ₹100-106 per share. Anchor investors committed ₹7,500 million earlier. The offer-for-sale structure will see no fresh capital inflow. Strong response reflects investor confidence in India’s growing insurance penetration theme and steady profit trajectory. Source: Reuters / Moneycontrol
positive
19h agoCanara HSBC Life IPO fully subscribed on final day driven by institutional demand
Canara HSBC Life Insurance’s ₹1,775 crore IPO was fully subscribed on its final day with over 178.9 million shares bid against 166.7 million on offer. Qualified institutional buyers subscribed 3.5×, while retail was 1.4×. The price band was ₹100-106 per share. Anchor investors committed ₹7,500 million earlier. The offer-for-sale structure will see no fresh capital inflow. Strong response reflects investor confidence in India’s growing insurance penetration theme and steady profit trajectory. Source: Reuters / Moneycontrol
positive
Canara HSBC Life IPO fully subscribed on final day driven by institutional demand
about 19 hours ago
1 min read
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Canara HSBC Life IPO saw full subscription on final day led by QIB 3.5× bids, highlighting robust investor confidence in insurance sector growth and steady profit outlook.
Canara HSBC Life Insurance’s ₹1,775 crore IPO was fully subscribed on its final day with over 178.9 million shares bid against 166.7 million on offer. Qualified institutional buyers subscribed 3.5×, while retail was 1.4×. The price band was ₹100-106 per share. Anchor investors committed ₹7,500 million earlier. The offer-for-sale structure will see no fresh capital inflow. Strong response reflects investor confidence in India’s growing insurance penetration theme and steady profit trajectory. Source: Reuters / Moneycontrol
Canara HSBC Life Insurance’s ₹1,775 crore IPO was fully subscribed on its final day with over 178.9 million shares bid against 166.7 million on offer. Qualified institutional buyers subscribed 3.5×, while retail was 1.4×. The price band was ₹100-106 per share. Anchor investors committed ₹7,500 million earlier. The offer-for-sale structure will see no fresh capital inflow. Strong response reflects investor confidence in India’s growing insurance penetration theme and steady profit trajectory. Source: Reuters / Moneycontrol
Companies:
Canara HSBC Life Insurance
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ipo
insurance
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insurance
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India
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