Canara HSBC Life Insurance Company is likely to finalize the basis of allotment of its shares on Wednesday, October 15. Applicant bidders will get the messages, alerts or emails for debit of their funds or revocations of their IPO mandate either over the weekend or latest by Thursday, October 16. The comprehensive logistics solutions player saw a muted bidding from the investors. Advertisement

The IPO of Canara HSBC Life Insurance Company ran for bidding between October 10 and October 14. It had offered its shares in the price band of Rs 100-106 per share with a lot size of 140 shares. The company raised a total of Rs 2,517.50crore via IPO, which was entirely a fresh share sale of up to 23.75 crore equity shares.

The issue was overall subscribed only 2.29 times fetching nearly 1.75 lakh

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