New Delhi, Oct. 10 -- Canara HSBC Life IPO Subscription: The initial public offering (IPO) of Canara HSBC Life, which opened for bidding today, October 18, witnessed a tepid demand for its share sale, garnering just 9 times bids.

The issue is open for bidding till Tuesday, October 14.

At the end of the first day of the bidding, the issue received bids for 1,51,36,800 shares as against 16,67,15,000 shares on offer, translating into a subscription status of 0.09 times.

The retail category was subscribed 14 per cent, and the portion for non-institutional investors received 5% bids. The qualified institutional buyers (QIBs) category saw 3% bids. Meanwhile, the employee category was subscribed the most at 47%.

Canara HSBC Life IPO GMP (gre...