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Updated Oct 13, 2025 14:04 IST
Canara HSBC Life Insurance IPO GMP
Canara HSBC Life Insurance IPO GMP: Today, October 13, marks the second day of subscription for the Canara HSBC Life IPO . So far, the response has been lukewarm, with only 16 per cent of the IPO subscribed.
This subdued investor interest is also reflected in the Grey Market Premium (GMP), which currently indicates a flat listing.
Canara HSBC Life Insurance IPO GMP, Canara HSBC Life Insurance IPO GMP Trend
According to various websites tracking the Grey Market Premium (GMP), the current GMP for Canara HSBC Life IPO stands at zero, indicating a flat listing price of Rs 106 and no expected listing gains. This represents the lowest GMP level observed for the IPO so far.
However, the highest GMP recorded was Rs 14 on October 7.
Canara HSBC Life Insurance IPO Subscription data
The Rs 2,517.50-crore IPO received bids for 2,58,65,140 shares against the 16,67,15,000 shares on offer, according to NSE data.
As of now, the Qualified Institutional Buyers (QIBs) portion has received only 0.03 times subscriptions. The non-institutional investors category recorded a subscription of 0.11 times, while Retail Individual Investors (RIIs) attracted 0.23 times subscription.
Canara HSBC Life Insurance IPO Key Dates
The Canara HSBC Life IPO opened for subscription on Friday, October 10, 2025, and will close on Tuesday, October 14, 2025. Investors should note that the cut-off time for UPI mandate confirmation is 5 PM on the closing day.
The tentative date for allotment of shares is Wednesday, October 15, followed by the initiation of refunds and credit of shares to Demat accounts on Thursday, October 16. The IPO is expected to be listed on Friday, October 17, 2025. This timeline provides a clear roadmap for stakeholders tracking the IPO process.
About Canara HSBC Life Insurance IPO
Canara HSBC Life Insurance Co.Ltd IPO is a book build issue of Rs 517.50 crores. The issue is entirely an offer for sale of 23.75 crore shares of Rs 2,517.50 crore. Canara HSBC Life IPO price band is set at Rs 100.00 to Rs 106.00 per share. The lot size for an application is 140.
Additionally, SBI Capital Markets Ltd. is the book running lead manager, and Kfin Technologies Ltd. is the registrar of the issue.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
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