Canara HSBC Life IPO Day 1 sees ~9% subscription

Canara HSBC Life Insurance’s IPO, opened on October 10 with a price band of ₹100–₹106, saw a modest ~9% subscription on Day 1. The Retail segment drew ~14%, Non-Institutional Investors (NIIs) ~5%, and Qualified Institutional Buyers (QIBs) only ~3%. Anchor investors placed bids on October 9. The IPO is entirely an offer for sale (OFS) of 23.75 crore shares. Listing is expected October 17.