The much-awaited Canara HSBC Life Insurance Company Limited IPO opened for subscription on Friday, October 10, 2025, and will remain available for bidding until Tuesday, October 14, 2025. The life insurance company, jointly promoted by Canara Bank and HSBC, plans to raise ₹2,517.50 crore through this offer, which is entirely an Offer for Sale (OFS).
IPO Price Band and Lot Size
The company has fixed the price band for the public issue at ₹100 to ₹106 per equity share. Investors can bid in lots of 140 shares and in multiples thereof. The IPO will be listed on both the BSE and the NSE.
Grey Market Premium (GMP)
According to market observers, the Canara HSBC Life Insurance IPO is commanding a grey market premium (GMP) of ₹10 per share today. This suggests that shares are trading around 10% above the upper price band in the unofficial market, indicating positive sentiment and a possible listing gain for investors.
Subscription Status on Day 1
As of 10:33 AM on the opening day, the IPO was subscribed 0.02 times overall. The retail investor portion saw a subscription of 0.04 times, while the Non-Institutional Investor (NII) category was subscribed 0.01 times.
Market Experts’ Take
Market analysts have offered a cautious yet optimistic view of the issue.
Arun Kejriwal, Founder of Kejriwal Research and Investment Services, suggested that investors with a medium-term horizon may find the issue appealing.
“The valuations leave some room for upside post-listing, though it may not offer quick short-term gains. Investors looking for medium-term growth can consider subscribing,” he said.
Anuj Gupta, Director at Ya Wealth, noted that the company’s profitability growth and attractive valuation make it a potential long-term investment.
“Despite inconsistent revenue trends, Canara HSBC Life Insurance has posted steady profit growth. The issue looks attractive, especially as it is priced at a discount to peers like HDFC Life,” he added.
Key IPO Details
- IPO Open Date: October 10, 2025
- IPO Close Date: October 14, 2025
- Issue Size: ₹2,517.50 crore (OFS)
- Price Band: ₹100 – ₹106 per share
- Lot Size: 140 shares per lot
- Likely Allotment Date: October 15, 2025
- Expected Listing Date: October 17, 2025
- Registrar: KFin Technologies Ltd
- Lead Managers: SBI Capital Markets, BNP Paribas, HSBC Securities & Capital Markets, JM Financial, and Motilal Oswal Investment Advisors
With steady demand and positive market sentiment, the Canara HSBC Life Insurance IPO is expected to draw increasing investor interest over the coming days, especially from those eyeing medium to long-term returns.