Shravan Shetty, Managing Director, Primus Partners, observed that the Canara HSBC Life Insurance IPO is priced at the higher end, with a price-to-earnings ratio exceeding industry norms. He highlighted that this valuation is reflected in the strong grey market premium (GMP) and anticipates solid investor interest, driven by expected sectoral growth due to low life insurance penetration and recent policy measures such as the removal of GST.