Canara HSBC Life IPO Sees Moderate Demand, Subscribed 2.30x by Day 3
5paisa Capital Ltd
- 2 min read
Last Updated: 21st January 2026 - 05:45 pm
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.
Invest in Indian Markets and Unlock Future Potential With 5paisa!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
| Date | QIB (Ex Anchor) | NII | NII (> ₹10L) | NII (< ₹10L) | Retail | Employee | Total |
|---|---|---|---|---|---|---|---|
| Day 1 (October 10) | 0.03 | 0.05 | 0.02 | 0.11 | 0.14 | 0.47 | 0.09 |
| Day 2 (October 13) | 0.32 | 0.14 | 0.07 | 0.27 | 0.28 | 1.17 | 0.27 |
| Day 3 (October 14) | 7.05 | 0.33 | 0.28 | 0.44 | 0.42 | 2.06 | 2.30 |
Day 3 Subscription Details
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (₹ Cr.) |
|---|---|---|---|---|
| Anchor Investors | 1.00 | 7,07,85,000 | 7,07,85,000 | 750.32 |
| QIB (Ex Anchor) | 7.05 | 4,71,90,000 | 33,28,94,520 | 3,528.68 |
| Non-Institutional Buyers | 0.33 | 3,53,92,500 | 1,17,54,540 | 124.60 |
| Retail Investors | 0.42 | 8,25,82,500 | 3,47,89,020 | 368.76 |
| Employees | 2.06 | 15,50,000 | 31,87,800 | 33.79 |
| Total | 2.30 | 16,67,15,000 | 38,26,25,880 | 4,055.83 |
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.
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