The Canara HSBC Life Insurance initial public offering (IPO) will finish on October 14 after opening for subscriptions on October 10. A total of 23.75 crore equity shares were offered for sale (OFS) at an IPO price range of ₹100 to ₹106 per share in the ₹2,517.50 crore Canara HSBC Life Insurance IPO.
Canara HSBC Life Insurance IPO Day 2 – GMP, Subscription & Application Tips
HSBC Life Insurance Canara IPO: Today, Monday, October 13, 2025, marks the second day of the subscription period for Canara HSBC Life Insurance Company Ltd.’s first public offering (IPO). On the first day of the bidding procedure, there was little interest for the public issue.
The Canara HSBC Life Insurance initial public offering (IPO) will finish on October 14 after opening for subscriptions on October 10. October 15 is the day of IPO allocation, while October 17 is the date of IPO listing. The BSE and NSE will list shares of Canara HSBC Life Insurance.
A total of 23.75 crore equity shares were offered for sale (OFS) at an IPO price range of ₹100 to ₹106 per share in the ₹2,517.50 crore Canara HSBC Life Insurance IPO. 140 shares make up the Canara HSBC Life Insurance IPO lot size. Employees can reserve up to 15.50 lakh shares under the offer, which is discounted by ₹10.00 from the issue price.
Kfin Technologies Ltd. is the IPO registrar for Canara HSBC Life Insurance, while SBI Capital Markets Ltd. is the book running lead manager.
Status of Subscriptions for Canara HSBC Life Insurance IPO
On October 10, the first day of the bidding process, Canara HSBC Life Insurance IPO has received 9% of the total subscriptions to date. Retail Individual Investors (RIIs) account for 14% of the public issue, while Non Institutional Investors (NIIs) account for 5%. To date, 3% of subscriptions have gone to the Qualified Institutional Buyers (QIBs) category.
IPO GMP for Canara HSBC Life Insurance Today
The shares of Canara HSBC Life Insurance are currently trading at a low grey market premium (GMP). Market analysts estimate that the current IPO GMP for Canara HSBC Life Insurance is ₹2 per share. This shows that shares of Canara HSBC Life Insurance are selling at a premium of 1.9% at ₹108 per share, or ₹2 per share, on the grey market compared to the issue price of ₹106 per share.
Review of the Canara HSBC Life Insurance IPO
As evidenced by the steady growth of its Embedded Value (EV), which increased from ₹42,719.3 million in FY23 to Rs. 51,798.6 million in FY24 and then to Rs. 61,107.4 million in FY25, with an additional uptick to Rs. 63,526.4 million as of June 30, 2025, Canara HSBC Life Insurance Company has shown steady value creation.
The firm is now priced at a P/EV (Price to Embedded Value) ratio of 1.6x (FY25) at the upper price band of 106, which seems favorable when compared to industry rivals and suggests possible undervaluation should growth and profitability continue. Therefore, we suggest a “Subscribe” rating for this issue,” BP Equities stated.
Disclaimer: Business Connect Magazine does not endorse the opinions or suggestions expressed here; rather, they represent the opinions of individual analysts or brokerage firms. Before making any financial decisions, we encourage investors to consult with qualified professionals.
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