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, with 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. Currently, Canara Bank holds a 51% stake, while HSBC Insurance (Asia-Pacific) Holdings owns 26%.
- IPO size: Rs 2,517.50 crore
- Equity shares on offer: 23.75 crore
- Valuation target: about Rs 10,000 crore
- Basis of allotment: October 15, 2025
- Listing date: October 17, 2025
As of 11 am, investors have bid for 4.88 crore shares out of the total shares on offer.
No specific investment advice is given in the article.
Author's summary: Canara HSBC Life Insurance IPO sees 29% subscription on final day.