Kolkata: The Rs 2,517.50-crore Canara HSBC Life IPO was subscribed 2.30 times overall — 0.42 times in the retail category, 7.05 times in QIB (Ex Anchor) category and 0.33 times in the NII category. The allotment for Canara HSBC Life Insurance Company public issue is to be finalised today, while the refund of application money will begin tomorrow, October 16. The shares will be listed on both BSE and NSE on October 17.
The following are the ways of checking whether one has been allotted shares of Canara HSBC Life. They can be done online and are completely free of any charge. One way is to check through the websites of the exchanges where the shares will list and the other is through the website of the registrar to the issue.
Check allotment status through the BSE website
ONE: Enter the website at https://www.bseindia.com/investors/appli_check.aspx
TWO: Click on Equity and choose Canara HSBC Life Insurance from menu
THREE: Type in your application number and PAN
FOUR: Click “Search”
FIVE: Allotment status will be displayed
Check allotment status through the registrar
ONE: Enter the website of registrar KFin Technologies
TWO: Click Investors section and go to IPO allotment status
THREE: Click Canara HSBC Life Insurance IPO from drop-down menu
FOUR: Type PAN, application number, or DP/client ID
FIVE: Click Submit and allotment status will be displayed on screen
Canara HSBC Life IPO GMP
However, the point to note is that Canara HSBC Life IPO GMP was zero on the day of allotment of shares, the same level where it was on October 14, the last day of bidding. The indication is the listing gains may be muted. However, it must be remembered that GMP is an unofficial gauge that changes with time and does not guarantee anything — listing gain or loss.
(Disclaimer: This article is only meant to provide information. TV9 does not recommend buying or selling shares or subscriptions of any IPO, Mutual Funds, precious metals, commodity, REITs, INVITs, any form of alternative investment instruments and crypto assets.)