Canara HSBC Life IPO closes with 2.29x subscription
Canara HSBC Life Insurance Company's IPO concluded its bidding on Tuesday, achieving an overall subscription of 2.29 times. While retail and non-institutional investors showed lower interest, qualified institutional investors drove significant dem...
By ET Bureau |
ANI
The retail investor category of the issue was subscribed 0.42 times while the qualified institutional investors category was subscribed 7.05 times. The non institutional investors or high net worth investors category was subscribed 0.33 times.
Mumbai: Canara HSBC Life Insurance Company's IPO was subscribed 2.29 times on Tuesday, the final day of bidding.
The retail investor category of the issue was subscribed 0.42 times while the qualified institutional investors category was subscribed 7.05 times. The non institutional investors or high net worth investors category was subscribed 0.33 times.
The IPO is entirely an offer for sale of 23.75 crore shares aggregating to ₹2,517.5 crore at the upper price band of ₹106. Promoters Canara Bank and HSBC Insurance (Asia-Pacific) Holdings along with Punjab National Bank offered shares as part of the offer for sale. - Our Bureau
The retail investor category of the issue was subscribed 0.42 times while the qualified institutional investors category was subscribed 7.05 times. The non institutional investors or high net worth investors category was subscribed 0.33 times.
The IPO is entirely an offer for sale of 23.75 crore shares aggregating to ₹2,517.5 crore at the upper price band of ₹106. Promoters Canara Bank and HSBC Insurance (Asia-Pacific) Holdings along with Punjab National Bank offered shares as part of the offer for sale. - Our Bureau
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