negative
Recently
Canara HSBC IPO sees muted overall subscription, GMP falls
Canara HSBC IPO sees weak subscription and sharp drop in GMP.
On IPO Day 2, Canara HSBC Life Insurance’s initial public offering recorded only ~9% subscription overall, with bids for 1.51 crore of 16.67 crore shares. Retail investors showed slightly stronger interest with ~14% subscription in their segment. Grey market premium (GMP) dropped from ₹10 to ₹2, tempering listing expectations. The IPO’s offer-for-sale structure and lackluster trend so far have dampened enthusiasm. Observers will watch final day bidding, allotment trends, and listing gains.