The share allotments for Canara HSBC Life Insurance Company IPO will likely be finalised by today, October 15. IPO applicants can check their allotment status on BSE and NSE, as well as the official site of its registrar Kfin Technologies.
The initial public offering of the company got subscribed more than two times its offer size (229 percent) between October 10-14. Qualified Institutional Buyers (QIB) showed the most interest, subscribing their reserved portion over 7 times (705 percent).
Canara HSBC Life IPO GMP:
Ahead of listing, the unlisted shares of the company were trading with 0 percent grey market premium (GMP) over the IPO price, according to data on Investorgain. The GMP quoted by the site has fallen from the 9.4 percent quoted by the site earlier last week.
According to IPO Watch, the unlisted shares of the company were trading with 0 percent GMP over the IPO price.
Canara HSBC Life IPO: How to check allotment status on Kfin Technologies?
- Step 1: Open the link to the official registrar of the issue by clicking on this URL: (https://ipostatus.kfintech.com/)
- Step 2: Select the company from the 'Select IPO' dropdown list.
- Step 3: Fill in details like application number, demat account or PAN number.
- Step 4: Press the 'Submit' button
- Step 5: Your allotment status will be shown in the window.
- Step 1: Open the website of NSE by clicking on this direct link (https://www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp).
- Step 2: Select the company 'Canara HSBC Life' by selecting Equity & SME IPO bid details.
- Step 3: Fill in the necessary details like IPO Application number or PAN details after selecting the company symbol.
- Step 4: Press the 'Submit' button
- Step 5: The allotment status will be shown in the window.
- Step 1: Open the website of Bombay Stock Exchange (BSE).
- Step 2: Click on 'Investors' option.
- Step 3: On the 'Investor Services' dropdown, click on 'Status of Issue Application'.
- Step 4: Click on 'Application Status Check'.
- Step 5: Select Equity in the issue type.
- Step 6: Fill in the required details including the 'Issue Name'.
- Step 7: Enter PAN number and click on 'Search' to view the status.
Canara HSBC Life Insurance Company had launched its IPO to raise Rs 2,517.50 crore through an offer for sale (OFS) of 23.75 crore shares by all three shareholders - Canara Bank, HSBC Insurance (Asia-Pacific) Holdings, and Punjab National Bank. As there is no fresh issue component, none of the IPO proceeds will go the company.
The company had set a price band of Rs 100-106 per share for the IPO. Investors could bid for a minimum of 140 shares, requiring an investment of Rs 14,840 per lot, and in multiples thereafter.
The IPO remained open for public bidding till October 14. The allotments are likely to be finalized by October 15, and the shares are scheduled to debut on stock exchanges BSE and NSE on October 17.
Follow all IPO news here.
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