Canara HSBC Life IPO Subscribed 2.16 Times on Day 3, Backed by Strong QIB Demand

Mumbai, October 14, 2025 – The ₹2,518 crore initial public offering (IPO) of Canara HSBC Life Insurance Company Limited drew improved participation on its final day of subscription. The IPO, which opened on October 10, has seen growing traction among institutional and retail investors, though the overall demand remains moderate ahead of the closing hours.

Canara HSBC Life IPO Subscription Status (as of 3:24 PM, October 14, 2025)

The Canara HSBC Life Insurance IPO received an overall subscription of 2.16 times by October 14, 2025 (Day 3), attracting 1,64,129 applications across investor categories. The Qualified Institutional Buyers (QIB) segment led the response with a 6.63 times subscription, indicating strong demand from institutional investors. The Employee category also saw healthy participation at 1.88 times.

In contrast, the Retail Investor portion was subscribed 0.39 times, while the Non-Institutional Investor (NII) segment received a modest response at 0.31 times. Within this, small NIIs (bids below ₹10 lakh) subscribed 0.41 times, and big NIIs (bids above ₹10 lakh) subscribed 0.26 times. The IPO received bids for 35.94 crore shares against 16.67 crore shares offered, with the total bid amount reaching approximately ₹3,810 crore.

Canara HSBC Life Anchor Book Recap

Ahead of the public offer, the company raised ₹750.32 crore from 33 anchor investors at ₹106 per share on October 9. Major participants included HDFC Balanced Advantage Fund, ICICI Prudential Banking & Financial Services Fund, Mirae Asset ELSS Tax Saver Fund, Allianz Global Investors Fund, Amundi Funds New Silk Road, and Pictet Indian Equities, with over 60% of allocation going to Indian mutual funds.

Canara HSBC Life IPO Snapshot

The Canara HSBC Life Insurance IPO is a ₹2,518 crore Offer for Sale (OFS), with the company’s existing shareholders offering their stakes for sale. The price band for the issue is fixed at ₹100-₹106 per share, and investors can apply for a minimum of 140 shares per lot, amounting to ₹14,840 at the upper price band. The public issue was open for subscription from October 10 to October 14, 2025, and the listing is scheduled for October 17, 2025. Each equity share carries a face value of ₹10. The IPO closes for subscription at 5 PM today.

Disclaimer: At HDFC SKY, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.

If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.

Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations