Canara HSBC Life IPO oversubscribed 2.29× ahead of listing

Canara HSBC Life’s initial public offering closed with a 2.29× subscription, indicating solid demand ahead of its imminent listing. The insurer offered shares across retail and institutional categories, drawing strong interest. Listing is expected soon across Indian exchanges following allotment and share credits. The demand reflects confidence in its growth prospects and market positioning. Investors are now watching listing premium and early trading behavior.