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Canara HSBC Life Insurance Co. Ltd. is set to launch its initial public offering (IPO) on Oct. 10. Founded in 2007, Canara HSBC Life Insurance Company provides a variety of life insurance products, including term insurance, endowment plans, among other things.

As the subscription date nears, here’s a look at the grey market premium (GMP) and other important details about the Canara HSBC Life IPO.

Canara HSBC Life IPO GMP

According to Investorgain, the Canara HSBC Life IPO GMP is Rs 10 as of 1:00 p.m. on Oct. 9. With a price band cap of Rs 106, the estimated listing price is Rs 116. This suggests an expected gain of 9.43% per share. Investors are eyeing modest listing gains if the GMP trend holds.

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