Canara HSBC Life Insurance Co. Limited
ListedMainboardFinancial Services · NSE / BSE
Canara HSBC Life Insurance Company Limited, incorporated in 2007, is a private life insurer in India jointly promoted by Canara Bank and HSBC Insurance (Asia-Pacific) Holdings. The company offers individual life insurance plans, group insurance solutions, retirement and pension products, government schemes like PMJJBY, and digital insurance through partnerships with platforms like Policybazaar and Robinhood Insurance. Its portfolio includes 20 individual products, 7 group products, and 2 optional riders. Between April and December 2024, around 72% of eligible policy applications were processed automatically, with over 99% completed online. The company distributes its products through bancassurance, brokers, corporate agents, direct sales, and digital platforms, with bancassurance as the primary channel, reaching over 15,700 branches and 117 million customers via Canara Bank alone as of March 31, 2025.
Price Band
₹100 – ₹106
Issue Size
₹2518 Cr
Lot Size
140 shares
GMP
₹2
+1.9%
Est. Listing
₹108
at current GMP
Subscribed
2.29x
overall
Open
10 Oct 2025
Close
14 Oct 2025
Allotment
15 Oct 2025
Refund
16 Oct 2025
Demat Credit
17 Oct 2025
Listing
17 Oct 2025
Last updated 12 days ago
Live Grey Market Premium
Canara HSBC Life Insurance Co. Limited GMP Today
Last updated: 19 Oct 2026
Current Premium
₹2+1.9%
Issue Price (Upper)
₹106
Band: ₹100 – ₹106
Estimated Listing Price
₹108
Upper price + GMP
Lot Size
140 shares
Min investment ₹14,840
Estimated Profit / Lot
₹280
140 × ₹2
Canara HSBC Life Insurance Co. Limited GMP Historical Trend
GMP History
Grey Market Premium trend
+₹2
▲ 0 today
Updated less than a minute ago
Estimated Listing Price
| Date | GMP (₹) | GMP % | Est. Listing |
|---|---|---|---|
| 31 Oct 2026 | +₹2 | 1.9% | ₹108 |
| 30 Oct 2026 | +₹2 | 1.9% | ₹108 |
| 29 Oct 2026 | +₹2 | 1.7% | ₹108 |
GMP is unofficial market data. Not a guarantee of listing performance.
About Canara HSBC Life Insurance Co. Limited Public Issue & Market Profile
Canara HSBC Life Insurance Co. Limited is bringing an initial public offering (IPO) in the Financial Services sector with an aggregate issue size of ₹2,517.5 Crores. The shares are offered at a price band of ₹100 to ₹106 per equity share on NSE and BSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.
Public Issue & Pricing Context:
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 140 shares (approx. ₹14,840 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Basis of Allotment & Listing Timeline:
Allotment reconciliation will be managed by Kfin Technologies Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2025-10-17, while un-allotted funds or UPI block mandates will be released on 2025-10-16.
Frequently Asked Questions
What is Canara HSBC Life Insurance Co. Limited IPO GMP today?
The latest grey market premium for Canara HSBC Life Insurance Co. Limited IPO is ₹2, which indicates an expected listing price of ₹108.
What does Kostak Rate and Sauda mean in IPO GMP?
Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.
Is Grey Market Premium officially recognized?
No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.