Canara HSBC Life Insurance IPO Final Day
The initial public offering (IPO) of Canara HSBC Life Insurance Co.Ltd has seen an overall subscription of 29% so far.
The company aims to raise Rs 2,517.50 crore through the offer for sale of 23.75 crore equity shares.
- Canara Bank holds a 51% stake in the company.
- HSBC Insurance (Asia-Pacific) Holdings owns 26%.
By 11 am, investors have bid for 4.88 crore shares out of the total shares on offer.
The basis of allotment for the IPO shares is expected to be finalised on October 15, 2025, and the stock is expected to list on October 17, 2025.
No specific investment advice given.
Author summary: IPO subscribed 29% so far.
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