Particle.news
Download on the App Store
15 ARTICLES
·
3h ago

Canara Robeco IPO Closes 9.74x Subscribed as QIBs Pile In While Canara HSBC Life Lags on Final Day

Both offerings are pure offer-for-sale sell‑downs by promoters with listings slated later this week.

Canara HSBC Life Insurance IPO Allotment Status, GMP Live: The price band for the issue is fixed at Rs 100–106 per share (Image: Canva)
Image
Image
Canara Robeco IPO Allotment Status

Overview

  • BSE data show Canara Robeco drew bids for 33.99 million shares against 3.49 million on offer, led by QIB demand at 25.92 times, with NIIs at 6.45 times and retail at 1.91 times.
  • Canara Robeco’s allotment is scheduled for October 14 and its listing is expected on October 16, within a price band of Rs 253–266 for a Rs 1,326.13 crore OFS.
  • The Canara Robeco sell‑down comprises up to ~4.98–4.99 crore shares from Canara Bank (~2.59 crore) and Orix (~2.39 crore), with no proceeds to the company.
  • Canara HSBC Life entered its final subscription day after a muted Day 2 at about 27–31 percent overall, with a GMP hovering around Rs 0–2 on private trackers.
  • Canara HSBC Life’s OFS totals Rs 2,517.5 crore in a Rs 100–106 band, with allotment due October 15, listing planned for October 17, SBI Capital Markets as lead manager and Kfin as registrar.