Canara HSBC Life Insurance IPO fully subscribed on day 3: Check allotment date and steps

Canara HSBC Life Insurance IPO day 3: The initial public offer of Canara HSBC Life Insurance Company was fully subscribed on the third day of bidding on Tuesday, October 14.

The IPO secured bids for 17,93,62,820 shares against 16,67,15,000 shares on offer, translating to 1.08 times subscription, as per consolidated data on the NSE until 1:45 pm.

The category for qualified institutional buyers (QIBs) fetched 2.95 times subscription, while the portion for retail investors got subscribed 35%. The quota for non-institutional investors (NIIs) received 24% subscription.

The ₹2,517.50 crore public offering, with a price band of ₹100 to ₹106 per share, is a complete offer for sale (OFS) of 23.75 crore shares by promoters Canara Bank and HSBC Insurance (Asia-Pacific) Holdings and investor Punjab National Bank.

Canara HSBC Life Insurance Company, a joint venture (JV), is promoted by Canara Bank, which holds a 51% stake, and HSBC Group's HSBC Insurance (Asia Pacific) Holdings, which owns 26%.

Incorporated in 2007, Canara HSBC Life is a prominent bank-led private player in India's life insurance sector.

Canara HSBC Life Insurance IPO: Allotment and listing date

The Canara HSBC Life Insurance IPO allotment is expected to be finalised on Wednesday, October 15. The company's shares will make their stock market debut on Friday, October 17.

How to check Canara HSBC Life Insurance IPO allotment status on NSE; step-by-step guide

• Open this link: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
• Choose the ‘Equity & SME IPO bid details’ section
• In the ‘Select Symbol’ dropdown, pick ‘CANHLIFE’
• Fill in both your application number and PAN card number
• Click ‘Submit’ to view the allotment status

Steps to check Canara HSBC Life Insurance IPO allotment status on BSE

• Visit: https://bseindia.com/investors/appli_check.aspx
• Set the Issue Type to ‘Equity’
• From the list of IPOs, select ‘Canara HSBC Life Insurance Limited’
• Provide your PAN or application number
• Hit the ‘Search’ button

Canara HSBC Life Insurance IPO allotment status on KFin Technologies

• Head to the registrar's IPO status page: https://ipostatus.kfintech.com/
• Mention either your PAN, demat account or application number
• Click on the submit button to view allotment status

Canara HSBC Life Insurance IPO GMP

Canara HSBC Life Insurance' unlisted shares are trading at par with the upper price band of ₹106 per share, with no grey market premium, according to investorgain.com.