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Canara HSBC Life Insurance IPO: A new movement is being seen in the stock market today. The IPO of Canara HSBC Life Insurance Company has opened for investment from today. But the question is, can this opportunity become a new beginning for investors, or is there a big risk hidden in it?

Come, let us know all the important things to this IPO, so that you can take the right investment decision.

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From when till when?

• IPO bidding will be open from October 10 to October 14.
• The allotment of shares is likely to be decided on October 15.
• Listing can happen on the stock exchange on October 17.

Issue Size: The total IPO size is approximately ₹2,517 crore.

Share Price (Price Band):

• The price band has been fixed at ₹100 to ₹106 per share.
• At the upper price the valuation of the company comes to around ₹ 10,000 crore.

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Strong interest from anchor investors (Canara HSBC Life Insurance IPO)

Even before the opening of the IPO, the company has raised funds of more than ₹ 750 crore from anchor investors.

These include: ICICI Prudential MF, HDFC Mutual Fund, DSP MF, WhiteOak Capital, Mirae Asset, Motilal Oswal MF, Amundi Funds, SBI Life and other large institutional investors. This strong anchor book indicates the market’s confidence in this IPO.

Company Profile (Canara HSBC Life Insurance IPO)

• Establishment: in the year 2007
• ownership:
  • Canara Bank: 51%
  • HSBC Insurance (Asia Pacific): 26%

It is a bank-backed private insurance company, which provides services in all parts of India through its strong network.

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What does the GMP sign say?

The gray market premium (GMP) for IPOs looks positive. The company’s shares are trading at a premium of around ₹ 10 in the unlisted market. That means a potential 9.4% listing gain can be achieved if GMP remains stable. This reflects the positive sentiment of the market.

What do brokerage reports say? (Canara HSBC Life Insurance IPO)

SBI Securities and other brokerage firms have given a balanced opinion regarding this IPO.

Positive Points:

• Strong Parentage (Canara Bank and HSBC)
• Vishal Distribution Network
• Diverse and customer-centric product portfolio
• Focus on long term value creation
• Growth plan through multi-channel sales and digital strategy

potential risk:

• Greater reliance on bancassurance partners
• Policy persistence i.e. for how long the customer continues the policy, is a challenge.
• Regulatory changes may affect the company’s business model

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What to think before investing? (Canara HSBC Life Insurance IPO)

If you are a long term investor and want to bet on a trusted name in the insurance sector, then this IPO can be a good option for you.

However, despite the potential for listing gains in the short term, market volatility and sector-specific risks should not be ignored.

The IPO of Canara HSBC Life Insurance can be an attractive opportunity for investors, especially those who believe in the long race of the insurance sector. The interest of GMP and anchor investors is showing positive signs, but before investing, please do your research and take the advice of a financial advisor.

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