Canara HSBC Life Insurance IPO
GMP, Subscription, Price, Dates & Financial Details
Insurance
Incorporated in 2007, Canara HSBC Life Insurance Company Limited is a leading private life insurer in India, jointly promoted by Canara Bank—India’s fourth-largest public sector bank by total assets (as of March 31, 2025)—and HSBC Insurance (Asia-Pacific) Holdings Limited, part of the globally…
Open Date
Fri, 10 Oct 2025
Close Date
Tue, 14 Oct 2025
Price Band
₹ 100 – 106
Lot Size
140
Issue Size
₹ 2,517.50 Cr
Minimum Investment
₹ 14,840 (140 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Canara HSBC Life Insurance IPO has successfully completed its IPO process and is now listed on the NSE and BSE. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹2,517.50 Crore, comprising a fresh issue of 23.75 Crore equity shares aggregating to ₹2,517.50 Crore.
The Canara HSBC Life Insurance IPO remained open for subscription from October 10, 2025, to October 14, 2025. The basis of allotment was finalized on October 15, 2025, and the company's shares were listed on the NSE and BSE on October 17, 2025.
The company had fixed the price band at ₹100 to ₹106 per share, with a lot size of 140 shares. Retail investors were required to make a minimum investment of ₹14,840 (based on the upper price band) to apply for one lot.
KFin Technologies Limited served as the registrar to the issue. JM Financial Limited, SBI Capital Markets Limited, Hsbc Securities & Capital Markets Pvt Ltd, Bnp Paribas, and Motilal Oswal Investment Advisors Ltd acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Canara HSBC Life Insurance Company Limited is now a publicly listed company on the NSE and BSE. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Canara HSBC Life Insurance IPO Timeline (Tentative)
- IPO Open Date
- Fri, 10 Oct 25
- IPO Close Date
- Tue, 14 Oct 25
- Basis of Allotment
- Wed, 15 Oct 25
- Initiation of Refunds
- Thu, 16 Oct 25
- Credit of Shares to Demat
- Thu, 16 Oct 25
- Listing Date
- Fri, 17 Oct 25 — NSE & BSE
Open Date
10 October 2025
Close Date
14 October 2025
Basis Of Allotment
15 October 2025
Listing Date
17 October 2025
IPO Subscription
Check Live Subscription →The Canara HSBC Life Insurance IPO has received bids for 38,21,62,200 shares against 16,67,15,000 shares offered, resulting in an overall subscription of 2.29x. the NII category is subscribed 0.33x, Retail Investors 0.42x, Employees 2.06x, and QIBs 7.05x. Within the NII category, BNII is subscribed 0.28x, while SNII is subscribed 0.44x.
QIB
7.05x
NII
0.33x
BNII
0.28x
SNII
0.44x
RII
0.42x
EMP
2.06x
Total
2.29x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 8,25,82,500 shares, representing 49.54% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 4,71,90,000 shares (28.31%), while Non-Institutional Investors (NIIs) receive 3,53,92,500 shares (21.23%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Qualified Institutions | 47,190,000 | 28.31% |
| Non-Institutional | 35,392,500 | 21.23% |
| BNII | 23,595,000 | 14.15% |
| SNII | 11,797,500 | 7.08% |
| Retail Investors | 82,582,500 | 49.54% |
| Employees | 1,550,000 | 0.93% |
| Total | 166,715,000 | 100% |
Financials Details(₹ in Crores)
| Particular | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 44047.98 | 41852.09 | 37815.8 | 30548.89 |
| Revenue | 3612.81 | 10626.4 | 11755.72 | 8354.49 |
| Profit After Tax | -8.73 | 81.16 | 75.65 | 15.28 |
| Net Worth | 1540.28 | 1516.86 | 1418.88 | 1353.07 |
| Reserve & Surplus | 590.28 | 566.86 | 468.88 | 403.07 |
| Total Borrowings | 0 | 0 | 0 | 0 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Canara HSBC Life Insurance Company Limited KPI Information
| Particular | Mar 2025 |
|---|---|
| ROE % | 7.71 |
| RoNW % | 7.97 |
Peers Comparison
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| Canara HSBC Life Insurance Company | 10 | 0.00 | 1.23 | 1.23 | 7.97 | 15.97 |
| SBI Life Insurance Company Ltd | 10 | 74.16 | 24.09 | 24.09 | 15.13 | 169.49 |
| HDFC Life Insurance Company Ltd | 10 | 90.27 | 8.41 | 8.41 | 11.75 | 75.03 |
| ICICI Prudential Life Insurance Company Ltd | 10 | 73.66 | 8.21 | 8.21 | 10.34 | 82.57 |
About Canara HSBC Life Insurance Company Limited
Incorporated in 2007, Canara HSBC Life Insurance Company Limited is a leading private life insurer in India, jointly promoted by Canara Bank—India’s fourth-largest public sector bank by total assets (as of March 31, 2025)—and HSBC Insurance (Asia-Pacific) Holdings Limited, part of the globally reputed HSBC Group.
The company offers a broad suite of individual and group insurance products, including savings, protection, term, credit life, pension, and annuity plans, as well as government-backed schemes such as the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY). As of March 31, 2025, its portfolio comprised 17 individual products, 7 group products, and 2 optional riders.
Business Performance
Between Fiscal 2022 and Fiscal 2025, Canara HSBC Life recorded the third-highest individual weighted premium income (WPI) among bank-led insurers and ranked second in year-on-year growth within its peer group (CRISIL Report). As of March 31, 2025, the company had the third-largest Assets Under Management (AUM) among public sector bank-led life insurers in India.
Financially, the company remains well-capitalized with a solvency ratio of 200.42% (as of June 30, 2025), significantly above the regulatory minimum of 150%. Its Embedded Value grew from ₹42,719.35 million as of March 31, 2023, to ₹63,526.41 million as of June 30, 2025, reflecting consistent value creation and strong fiscal management. The company’s profit after tax increased at a CAGR of 13.26%, reaching ₹1,169.81 million in Fiscal 2025, while it provided life coverage to over 10.5 million lives.
Distribution Network
Bancassurance remains the company’s primary distribution channel, contributing over 90% of new business premium in recent years. Canara HSBC Life leverages its promoters’ extensive branch networks—particularly Canara Bank’s 9,849 branches and HSBC’s 26 branches (with approval for 20 more as of January 2025)—along with partnerships with seven regional rural banks, providing access to more than 15,700 branches across India.
Complementing bancassurance, the company also distributes through brokers, corporate agents, direct sales, and digital platforms, supported by collaborations with online aggregators such as Policybazaar and Robinhood Insurance.
Digital Transformation
The company has made significant strides in digitization, with over 99% of policy applications completed online and 72% processed automatically (April–December 2024). These initiatives have enhanced customer experience, improved operational efficiency, and supported paperless onboarding.
Scale and Presence
As of December 31, 2024, Canara HSBC Life Insurance employed 8,202 professionals, serviced more than 5 million active policies, and maintained a presence across 150+ locations nationwide. Its Assets Under Management (AUM) stood at over ₹25,000 crore, underscoring its strong financial foundation and trusted market position.
Our Competitive Strengths
- Our key competitive strengths include the following:
- Established parentage and a trusted brand amplifying customer attraction
- Multi-channel distribution network with pan-India presence
- Long term value creation driven by consistent and profitable financial performance
- Diversified product portfolio with a focus on customer centricity enabling growth across business cycles
- Technology integrated business platform with strong focus on automation and digital analytics leading to prudent risk management framework
- Experienced management team supported by a team of dedicated professionals
Canara HSBC Life Insurance IPO Promoters
- Canara Bank
- HSBC Insurance (Asia-Pacific) Holdings Limited
Promoters Holding
Holding Pre Issue
77.00%
Holding Post Issue
0.00%
Canara HSBC Life Insurance IPO Objective
The Company Canara HSBC Life IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
- to carry out the Offer for Sale of up to 237,500,000 Equity Shares of face value of ₹10 each by the Selling Shareholders.
- achieve the benefits of listing the Equity Shares on the Stock Exchanges.
Canara HSBC Life Insurance Company Limited Address / Contact Details
Canara HSBC Life Insurance Company Limited
8 th Floor, Unit No. 808- 814,
Ambadeep Building, Kasturba Gandhi Marg,
Connaught Place, Central Delhi
Delhi, New Delhi, 110001
Phone: +91 01244506761
Email: investor@canarahsbclife.in
Website: http://www.canarahsbclife.com/
IPO Snapshot
Canara HSBC Life Insurance IPO Lot Size
The Canara HSBC Life Insurance IPO has a lot size of 140 shares. Retail investors require a minimum investment of ₹14,840 by applying for 1 lot (140 shares). The maximum application allowed for the retail category is 13 lots (1,820 shares), requiring an investment of ₹1,92,920.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 140 | 14,840.00 |
| Retail (Max) | 13 | 1,820 | 192,920.00 |
| S-HNI (Min) | 14 | 1,960 | 207,760.00 |
| S-HNI (Max) | 67 | 9,380 | 994,280.00 |
| B-HNI (Min) | 68 | 9,520 | 1,009,120.00 |
Issue Reservation
- QIB — 28.31%
- NII — 21.23%
- RII — 49.54%
- EMP — 0.93%
Book Running Lead Managers
- JM Financial Limited
- SBI Capital Markets Limited
- Hsbc Securities & Capital Markets Pvt Ltd
- Bnp Paribas
- Motilal Oswal Investment Advisors Ltd
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Canara HSBC Life Insurance IPO?
Canara HSBC Life Insurance IPO is a Book-building IPO with a total issue size of ₹2517.5 crore. The Canara HSBC Life Insurance IPO price band is ₹100 to 106 per share. The Canara HSBC Life Insurance IPO subscription opens on Fri, Oct 10, 2025, and closes on Tue, Oct 14, 2025. The Canara HSBC Life Insurance IPO will be listed on the BSE,NSE. KFin Technologies Limited is the registrar for the Canara HSBC Life Insurance IPO.
When will the Canara HSBC Life Insurance IPO open for subscription?
The Canara HSBC Life Insurance IPO opens on Fri, Oct 10, 2025 and closes on Tue, Oct 14, 2025
What is Canara HSBC Life Insurance IPO Price Band?
Canara HSBC Life Insurance IPO Price Band is ₹100 to 106 per share.
What is Canara HSBC Life Insurance IPO Lot Size?
Canara HSBC Life Insurance IPO lot size is 140 shares, Retail investors need a minimum investment of ₹14840 based on the upper price band
What is the minimum investment for Canara HSBC Life Insurance IPO?
The minimum investment for Canara HSBC Life Insurance IPO is ₹14840, based on one lot of 140 shares at the upper price band of ₹106 per share.
How to apply for Canara HSBC Life Insurance IPO?
Investors can apply for the Canara HSBC Life Insurance IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Tue, Oct 14, 2025. The application amount remains blocked until the Canara HSBC Life Insurance IPO allotment is finalized.
What is Canara HSBC Life Insurance IPO Issue Size?
Canara HSBC Life Insurance IPO issue size is ₹2517.5 crores.
What is the Canara HSBC Life Insurance IPO Allotment Date?
Canara HSBC Life Insurance IPO allotment date is Wed, Oct 15, 2025.
Who is the Canara HSBC Life Insurance IPO Registrar?
The registrar for Canara HSBC Life Insurance IPO is KFin Technologies Limited. Investors can go to KFin Technologies Limited website to check Canara HSBC Life Insurance IPO allotment status, refund processing, and other IPO-related information.
What is the Canara HSBC Life Insurance IPO GMP?
The Canara HSBC Life Insurance IPO GMP (Grey Market Premium) is ₹3 as of Fri, Oct 17, 2025. Based on the upper price band of ₹106 per share, the estimated Canara HSBC Life Insurance IPO listing price is ₹109, indicating a potential listing gain of approximately 2.83% over the issue price.
Who is the Canara HSBC Life Insurance IPO Lead Manager?
The book-running lead managers (BRLMs) for the Canara HSBC Life Insurance IPO are JM Financial Limited, SBI Capital Markets Limited, Hsbc Securities & Capital Markets Pvt Ltd, Bnp Paribas, and Motilal Oswal Investment Advisors Ltd. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Canara HSBC Life Insurance IPO Red Herring Prospectus (RHP).