Canara Robeco IPO vs Canara HSBC Life IPO: Comparison of Issue Size, GMP, Price, Allotment & Listing Details

Two major financial sector offerings. The Canara Robeco Asset Management IPO and the Canara HSBC Life Insurance IPO, which will be launched in the market next week, are attracting investor attention. Here is a detailed comparison of both IPOs across price band, issue size, subscription dates, listing plans, and GMP.

Canara Robeco IPO vs Canara HSBC Life IPO: Issue Size Comparison

Canara Robeco Asset Management IPO is worth Rs. 1,326.13 crores, consisting entirely of an offer for sale of 4.99 crore shares.

Similarly, the Canara HSBC Life Insurance IPO is worth Rs. 2,517.50 crores, entirely via an OFS of 23.75 crore shares. Canara HSBC Life IPO is nearly double the size of the Canara Robeco IPO.

Price Band Comparison

Canara Robeco IPO is The price band for the Canara HSBC Life IPO has been set at Rs. 100 to Rs. 106 per share. Meanwhile, the Canara Robeco IPO has a higher per-share price band of Rs. 253 to Rs. 266 per share.

Subscription Dates

Canara Robeco IPO will open for public subscription on October 9th and close on October 13th. Whereas the Canara HSBC Life IPO will open a day later on October 10th and close on October 14th.

Allotment and Listing Dates

Canara Robeco IPO allotment status is expected on October 14th and will tentatively be listed on BSE & NSE on October 16th. On similar lines, the Canara HSBC Life IPO allotment will be finalised on October 15, and the issue will hit the primary market on October 17th.

Canara Robeco IPO vs Canara HSBC Life IPO: GMP Comparison

In the grey market, both IPOs have seen limited activity so far, but momentum is expected to build once the subscription windows open. Trading for the Canara Robeco IPO has already started in the unofficial market, whereas the Canara HSBC Life IPO GMP has not begun yet.

Lead Managers and Registrars

SBI Capital Markets Ltd. is the lead manager for both IPOs. The registrar for the Canara Robeco IPO is MUFG Intime India Pvt. Ltd., while for the Canara HSBC Life IPO, it is Kfin Technologies Ltd.

About Canara Robeco Asset Management Co. Ltd.

Canara Robeco Asset Management Co. Ltd. is a mutual fund and asset management company in India, providing investment solutions to retail and institutional investors. A joint venture between Canara Bank and ORIX Corporation Europe N.V., formerly known as Robeco Group N.V. Originally launched as Canbank Mutual Fund in 1987, it partnered with Robeco in 2007.

About Canara HSBC Life Insurance Co. Ltd.

Canara HSBC Life Insurance Co. Ltd. is a major life insurance provider in India, formed as a joint venture between Canara Bank and HSBC Insurance (Asia Pacific) Holdings Limited in 2007. Canara Bank holds a 51% stake while HSBC Insurance (Asia-Pacific) Holdings holds 26%, and Punjab National Bank holds 23%

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