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Canara HSBC Life IPO
Canara HSBC Life IPO is a book-built issue of INR 2,517.50 crore. The issue is entirely an offer for sale of 23.75 crore shares. The price band is set at INR 100 to INR 106 per share, and the lot size for an application is 140 shares. The minimum investment required by an individual investor is INR 14,840 (140 shares). The IPO opens for subscription on October 10, 2025 and closes on October 14, 2025. Canara HSBC Life IPO will list on BSE and NSE with a tentative listing date of October 17, 2025.
Company Background
Canara HSBC Life Insurance Co. Ltd., established in 2007, is a private life insurance firm jointly promoted by Canara Bank and HSBC Insurance (Asia-Pacific) Holdings Limited. The company offers a diverse portfolio including individual life insurance, group solutions, retirement products, government schemes, and digital insurance partnerships. It holds the third-highest individual weighted premium income among bank-led insurers. With a vast distribution network of over 15,700 bancassurance branches, Canara HSBC Life reaches 117 million customers through Canara Bank alone. The company is recognized for its trusted brand, multi-channel presence, robust technology, and experienced management, consistently delivering profitable growth in India’s life insurance sector.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Canara HSBC Life IPO GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Canara HSBC Life IPO Details
| Detail | Description |
|---|---|
| IPO Date | October 10, 2025 to October 14, 2025 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | ₹100 to ₹106 per share |
| Lot Size | 140 Shares |
| Sale Type | Offer For Sale |
| Total Issue Size | 23,75,00,000 shares (aggregating up to ₹2,517.50 Cr) |
| Employee Discount | ₹10.00 |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 9,07,06,51,260 shares |
| Share Holding Post Issue | 9,07,06,51,260 shares |
Canara HSBC Life IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Fri, Oct 10, 2025 |
| IPO Close Date | Tue, Oct 14, 2025 |
| Tentative Allotment | Wed, Oct 15, 2025 |
| Initiation of Refunds | Thu, Oct 16, 2025 |
| Credit of Shares to Demat | Thu, Oct 16, 2025 |
| Tentative Listing Date | Fri, Oct 17, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Oct 14, 2025 |
Canara HSBC Life IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 1 | 140 | ₹14,840 |
| Individual investors (Retail) (Max) | 13 | 1,820 | ₹1,92,920 |
| S-HNI (Min) | 14 | 1,960 | ₹2,07,760 |
| S-HNI (Max) | 67 | 9,380 | ₹9,94,280 |
| B-HNI (Min) | 68 | 9,520 | ₹10,09,120 |
Canara HSBC Life IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Promoter Holding Pre Issue | 62.93% |
| Promoter Holding Post Issue | - |
Competitive Strength:
- • Strong bancassurance partnerships with Canara Bank, HSBC and other regional banks.
- • Diverse product portfolio and financial stability.
Canara HSBC Life IPO Financial Information
| Period Ended | Assets | Total Income | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing | ||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 30 Jun 2025 | 44,047.98 | 42.35 | 23.41 | 1,540.28 | - | - | ||||||||||||||||||||||||||||||||||
| 31 Mar 2025 | 41,852.09 | 234.01 | 116.98 | 1,516.86 | - | - | ||||||||||||||||||||||||||||||||||
| 31 Mar 2024 | 37,815.80 | 240.88 | 113.32 | 1,418.88 | - | - | ||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 30,548.89 | 261.59 | 91.19 | 1,353.07 | - | - | ||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 7.71% |
| ROCE | 7.97% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | ||
| P/E (x) |
Conclusion
The Canara HSBC Life IPO provides investors an opportunity to participate in a financially stable and growing insurance company with a strong presence across India. The company offers a diverse product portfolio—including 20 individual products, seven group products, and two optional riders such as the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY). Its strong financials, robust brand reputation, and wide distribution reach make it a compelling choice for investors seeking long-term stability and growth in India’s expanding life insurance market.
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