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The initial public offerings (IPOs) of Canara Robeco Asset Management Company and Canara HSBC Life Insurance Company will be concluded next week. While the subscription window for the Canara Robeco IPO opened on October 9, subscription for the Canara HSBC Life IPO will start on October 10. Here's a look at what the latest grey market premium (GMP) indicates for these IPOs.
Canara Robeco IPO GMP Today
According to InvestorGain, the GMP for the Canara Robeco IPO stood at Rs 21 per share as of 10:30 a.m. on October 10. It indicates a listing price of Rs 287 apiece at a premium of 7.89% over the upper limit of the IPO price band.
The Canara Robeco IPO is a book build issue of Rs 1,326.13 crore. It c