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Canara HSBC Life’s ₹2,517 crore IPO opened for anchor bidding on Oct. 9, 2025, with public subscription starting Oct. 10.
Canara HSBC Life Insurance’s ₹2,517 crore IPO opened for anchor bidding on October 9, 2025, with public subscription starting October 10.
The offer-for-sale includes 23.75 crore shares at ₹100–106 each, with allotment expected October 15 and listing on October 17.
Promoters Canara Bank, HSBC, and Punjab National Bank are selling shares.
The insurer, backed by a major public sector bank, is offering a significant discount—around 45% below HDFC Life—reflecting strong investor interest amid a competitive IPO market.
Brokerages cite solid financials, growth in bancassurance, and digital expansion as positives, though note risks from reliance on key banking partners.
Canara HSBC Life's ₹ 2,517 crore IPO se abrió para la licitación de ancla el 9 de octubre de 2025, con suscripción pública a partir del 10 de octubre.