Canara HSBC Life IPO Sees Moderate Demand, Subscribed 2.30x by Day 3

Canara HSBC Life Insurance Company Limited's initial public offering (IPO) recorded moderate investor participation through its third day of subscription. The stock price band is set at ₹100–₹106 per share. The ₹2,517.50 crore IPO was subscribed 2.30 times by 5:04:41 PM on Day 3.

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Canara HSBC Life IPO Qualified Institutional Buyers (QIB, ex-anchor) led with 7.05 times subscription. Employees showed moderate participation at 2.06x. Retail investors and non-institutional investors showed limited interest at 0.42x and 0.33x, respectively.

Subscription Status of Canara HSBC Life IPO

Day 3 Subscription Details

Key Highlights - Day 3:

• Overall subscription reached a moderate 2.30 times, showing exceptional improvement from day two's 0.27 times
• Qualified institutional buyers (ex-anchor) category displaying strong interest at 7.05 times, building substantially from day two's 0.32 times
• Employees showing moderate performance at 2.06 times, building substantially from day two's 1.17 times
• Retail investors displayed limited confidence at 0.42 times, building substantially from day two's 0.28 times
• Total applications reached 1,75,197, indicating moderate investor participation for this mainboard IPO
• Cumulative bid amount reached ₹4,055.83 crores, significantly exceeding the issue size of ₹2,517.50 crores

Canara HSBC Life IPO - Day 2 Subscription at 0.27 Times

Key Highlights - Day 2:

• Overall subscription stood at 0.27x, up from 0.09x on Day 1
• Employee category showed moderate confidence at 1.17x, improving from 0.47x on Day 1
• QIB (ex-anchor) improved to 0.32x
• Retail investors’ participation rose to 0.28x
• Non-institutional investors subscribed 0.14x

Canara HSBC Life IPO - Day 1 Subscription at 0.09 Times

Key Highlights - Day 1:

• Overall subscription reached 0.09x, showing very cautious initial investor response
• Employee segment led with 0.47x, indicating limited confidence
• Retail investor participation stood at 0.14x, reflecting weak retail sentiment
• Non-institutional investor subscription was 0.05x, indicating minimal HNI participation
• QIB (ex-anchor) subscribed 0.03x, showing weak institutional appetite

About Canara HSBC Life Insurance Company Limited

Incorporated in 2007, Canara HSBC Life Insurance Company Limited is a private life insurance company in India jointly promoted by Canara Bank and HSBC Insurance (Asia-Pacific) Holdings Limited. The company offers 20 individual products, 7 group products, and 2 optional riders. It operates through multiple channels, including bancassurance, brokers, corporate agents, direct sales, and digital platforms.