The Canara HSBC Life IPO GMP has come under investor focus as the issue enters its final day of subscription. The unlisted shares of Canara HSBC Life Insurance Company have been trading flat in the grey market, suggesting a mild listing gain when the shares debut on the stock exchanges next week.
Canara HSBC Life IPO Overview
The initial public offering (IPO) of Canara HSBC Life Insurance opened for public subscription on October 10, 2025, and will close today, October 14, 2025. Despite being a major mainboard IPO, investor participation has remained subdued, with the issue subscribed just 0.27 times as of Monday.
Latest Canara HSBC Life IPO GMP Today
As of 8:30 a.m. on October 14, 2025, the Canara HSBC Life IPO GMP (Grey Market Premium) was reported at ₹1, indicating a potential listing price of around ₹107 per share. This translates to a premium of just 0.94% on the upper end of the price band.
Earlier, the highest GMP recorded for this IPO was ₹14 on October 7, signaling that investor sentiment in the unofficial market has cooled off considerably as the subscription period progressed.
Note: The Grey Market Premium (GMP) is based on unregulated market activity and investor speculation. It does not represent official market data. GMP data sourced from InvestorGain.
Canara HSBC Life IPO Subscription Status
As of the second day of bidding, the IPO received a lukewarm response from all investor categories:
-
Qualified Institutional Buyers (QIBs): 0.32 times
-
Non-Institutional Investors (NIIs): 0.14 times
-
Retail Individual Investors (RIIs): 0.27 times
The Day 3 subscription figures are expected to be updated later today as investors make last-minute bids before the issue closes.
Key Details of Canara HSBC Life IPO
The Canara HSBC Life IPO has a total issue size of 16.67 crore shares, distributed as follows:
-
QIBs: 4.71 crore shares
-
NIIs: 3.53 crore shares
-
RIIs: 8.25 crore shares
The book-running lead manager for the IPO is SBI Capital Markets Ltd, and Kfin Technologies Ltd is the registrar for the issue. The company is a joint venture between Canara Bank and HSBC Insurance (Asia-Pacific) Holdings Ltd, operating in India’s competitive life insurance sector.
Canara HSBC Life IPO Allotment and Listing Dates
According to the schedule, the Canara HSBC Life IPO allotment date is expected on October 15, 2025. Shares will be credited to the demat accounts of successful bidders by October 16, and refunds for non-allottees will also be processed the same day.
The company’s shares are expected to list on the BSE and NSE on October 17, 2025.
What Investors Should Watch For
Investors should closely track both the Canara HSBC Life IPO GMP and the Day 3 subscription data, which will reflect the final investor sentiment. The subdued GMP and slow subscription figures suggest limited short-term excitement, though the company’s long-term fundamentals may attract institutional attention post-listing.
Expert Take
Market analysts believe that the tepid response could be due to the high competition in the insurance sector and a conservative pricing range. However, with strong parentage from Canara Bank and HSBC, the company’s long-term growth prospects remain stable.
As the Canara HSBC Life IPO closes today, all eyes are on its final subscription status and GMP trend. The muted premium signals a likely flat listing, but investors with a long-term perspective might still find value given the company’s established network and brand strength.
Disclaimer: Investments in IPOs are subject to market risks. Please read the Red Herring Prospectus (RHP) carefully and consult with your financial advisor before investing.
Comments
0 comment