Canara HSBC Life Insurance IPO Final Day
The initial public offering (IPO) of Canara HSBC Life Insurance Co.Ltd has entered its final day of public bidding.
The issue has seen an overall subscription of 29% so far, with investors bidding for 4.88 crore shares out of the total shares on offer by 11 am.
The company aims to raise Rs 2,517.50 crore through the entire offer for sale of 23.75 crore equity shares, targeting a valuation of about Rs 10,000 crore.
Currently, Canara Bank holds a 51% stake in the company, while HSBC Insurance (Asia-Pacific) Holdings owns 26%.
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.
Author's summary: Canara HSBC Life Insurance IPO sees 29% subscription so far.