What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

What is the current subscription status of Canara HSBC Life Insurance Co. Limited IPO?

Canara HSBC Life Insurance Co. Limited IPO has received a total subscription of 2.29 times overall.

IPO GreyPremiumLIVE

Grey Market Intelligence

Canara HSBC Life Insurance Co. Limited

ListedMainboard

Financial 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

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

Overview Live GMP Subscription Status Allotment Status Filing Documents

Overall Subscription

2.29x

Total Demand

QIB Multiplier

7.05x

Institutions & Funds

NII / HNI

0.33x

High Net-Worth

Retail (RII)

0.42x

Individual Bidders

Category-Wise Subscription Breakup

Live bidding breakdown by institutional, non-institutional, and retail investors

Total 2.29x

Category	Shares Offered	Shares Applied / Bid	Times Subscribed
QIB	47,190,000	332,894,520	7.05x
NIB	35,392,500	11,754,540	0.33x
HNIs(10L +)	23,595,000	6,580,700	0.28x
HNIs (2-10L)	11,797,500	5,173,840	0.44x
RETAIL	82,582,500	34,323,940	0.42x
EMPLOYEES	1,550,000	3,189,200	2.06x
Total	202,107,500	393,916,740	2.29x

Application-Wise Breakup

Total unique applications received across retail and HNI tranches

Apps 0.29x

Category	Applications Reserved	Applications Received	Times Subscribed
RETAIL	589,875	167,289	0.28x
EMPLOYEES	—	9,119	0.00x
HNIs(10L +)	12,038	487	0.04x
HNIs (2-10L)	6,019	2,139	0.36x
Total Applications	607,932	179,034	0.29x

Day-Wise Subscription Progress

Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.

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.

Bidding & Quota Instructions:

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.

Allotment Reconciliation Schedule:

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 (GMP) for Canara HSBC Life Insurance Co. Limited IPO is ₹2 per equity share. Based on the upper price band of ₹100 to ₹106 per equity share, the estimated listing price is ₹108 (+1.9% expected listing gain).

What is the expected profit per lot for Canara HSBC Life Insurance Co. Limited IPO?

With a lot size of 140 shares and current GMP of ₹2, the expected profit per application lot is approx ₹280 (+1.9% gain). Minimum application cost is approx ₹14,840.

What is the issue size and price band for Canara HSBC Life Insurance Co. Limited IPO?

The Canara HSBC Life Insurance Co. Limited IPO aggregate issue size is ₹2,517.5 Crores with an equity price band set at ₹100 to ₹106 per equity share. The retail lot size is 140 shares requiring a minimum capital outlay of approx. ₹14,840.

How can I check Canara HSBC Life Insurance Co. Limited IPO live subscription demand?

Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 2.29x (Retail: 0.42x, QIB: 7.05x, NII: 0.33x). You can track live multiples directly on our dedicated subscription page.

Where and when will Canara HSBC Life Insurance Co. Limited IPO allotment status be published?

The basis of allotment will be published on the official registrar portal (Kfin Technologies Limited) and the BSE status verification website on or around 2025-10-15. Investors can verify status using PAN card or application number.

When is the listing date for Canara HSBC Life Insurance Co. Limited IPO?

Canara HSBC Life Insurance Co. Limited shares are scheduled to list on NSE and BSE on 2025-10-17.