Canara HSBC Life IPO: The initial public offer (IPO) of Canara HSBC Life advanced on Tuesday, October 14, on the last day of the bid, led by institutional question. The edition opened on Friday, October 10 to bid. Canara HSBC Life IPO subscription status The question was in the first two days of bidding. However, by the end of the last day, Canara HSBC Life IPO received bids for 38,21,60,660 shares against 16,67,15,000 shares offered, translated into 2.29 times bids. The qualified institutional buyers (QIBs) played a major role as their portion was subscribed to 7.05 times, while non-institutional investors (NII) and retail quotas were subordinate. The NII segment received only 33% bid, and the retail section 42%. The quota of the employees had a healthy question of 2.06 times. Canara HSBC Life IPO GMP The gray market premium for the Canara HSBC Life IPO has seen a steady decline. Canara HSBC Life IPO GMP today slipped to zero or £ 0 from a peak of £ 14. According to the latest GMP, the Canara HSBC Life IPO listing price would be the same as the edition price of £ 106. Gray Market Premium gives an indication of investors’ willingness to pay in addition to the issue price. Canara HSBC Life IPO details Canara HSBC Life’s IPO was entirely an offer for sale of up to 23.75 crore shares in the vicinity of £ 100-106 per share. Canara HSBC Life Insurance IPO Since it is an OFS, the company will not receive any returns from the public edition; Instead, funds will go to the sale of shareholders, namely Canara Bank, Punjab National Bank and HSBC. Investors can apply for the £ 2,517 public offer in many 140, which requires a minimum investment of £ 14,840 at the top of the price tape. Canara HSBC Life Insurance is a joint venture supported by Canara Bank, which has a 51% stake, and HSBC Insurance (Asia Pacific) Holdings, part of the HSBC group, which owns 26%. Over the years, the company has established itself as a prominent private player in India’s life insurance industry. Canara HSBC Life Insurance shares are expected to make their stock market debut on October 17. Disclaimer: This story is for educational purposes only. The views and recommendations expressed are those of individual analysts or brokerage firms, not coin. We advise investors to consult with certified experts before making investment decisions, as market conditions can change quickly and conditions can vary.
Canara HSBC Life IPO Day 3: Issue books almost 2.3 times on the last day; Check the latest GMP
