New Delhi, Oct. 16 -- As the allotment of the Canara HSBC Life Insurance Company IPO concluded, investors' attention shifted towards the potential listing gains of the stock, which is set to debut on the Indian stock market tomorrow, October 17.

The expected listing gains, gauged through the grey market, suggest that the stock might make a muted debut. According to market sources, the grey market premium (GMP) for the Canara HSBC Life Insurance IPO stands at Rs.0 per share as of today. This indicates that Canara HSBC Life Insurance IPO shares are likely to list at the same level as the issue price or possibly at a discount.

The grey market premium reflects the expected difference between an IPO's issue price and its anticipated listing ...