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Canara HSBC Life IPO is a bookbuilt issue of Rs 2,517.50 crore. This issue is entirely an offer for sale of 23.75 crore shares with no fresh issue.
The IPO opens for subscription on October 10, 2025, and closes on October 14, 2025. The allotment is expected to be finalized on Wednesday, October 15, 2025. The price band for the IPO is set at ₹100 to ₹106 per share, and the minimum lot size for an application is 140 shares.
Company Summary
Incorporated in 2007, Canara HSBC Life Insurance Company Limited is a private life insurance company in India, jointly promoted by Canara Bank and HSBC Insurance (Asia-Pacific) Holdings Limited.
Canara HSBC Life Insurance offers a portfolio comprising 20 individual products, 7 group products, and 2 optional riders, along with policies under the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY). The company recorded the third-highest individual weighted premium income (WPI) among bank-led insurers between Fiscal 2021 and 2025.
Distribution Channels:
- Bancassurance (including Canara Bank, HSBC, 8 Regional Rural Banks, Dhanlaxmi Bank)
- Brokers and Corporate Agents
- Direct Sales and Digital Platforms
Bancassurance remains the company’s core channel, with access to over 15,700 branches across India. The partnership with Canara Bank alone provides a gateway to 117 million customers through 9,849 branches (as of Mar 31, 2025).
Key Business Areas
- Individual Life Insurance (Savings, Endowment, Term Plans)
- Group Insurance Solutions (Credit Life, Protection Plans)
- Retirement & Pension Products
- Government Schemes (PMJJBY)
- Digital Insurance Distribution & Embedded Insurance Partnerships
Company Strengths
- Established parentage and a trusted brand are 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
- Technology-integrated business platform with a strong focus on automation and digital analytics
- Experienced management team supported by a team of dedicated professionals
Company Financials
| Period Ended | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 44,047.98 | 41,852.09 | 37,815.8 | 30,548.89 |
| Total Income | 42.35 | 234.01 | 240.88 | 261.59 |
| Profit After Tax | 23.41 | 116.98 | 113.32 | 91.19 |
| EBITDA | 31.28 | 149.91 | 146.56 | 118.82 |
| Net Worth | 1,540.28 | 1,516.86 | 1,418.88 | 1,353.07 |
| Reserves and Surplus | 590.28 | 566.86 | 468.88 | 403.07 |
| Amount in ₹ Crore | ||||
Objectives of IPO
- 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 aggregating up to ₹2,517.50 million
- Achieve the benefits of listing the Equity Shares on the Stock Exchanges
Promoters of the company
Canara Bank and HSBC Insurance (Asia-Pacific) Holdings Limited are the company promoters.
IPO Details
| IPO Date | October 10, 2025 to October 14, 2025 |
| Listing Date | October 17, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹100 to ₹106 per share |
| Lot size | 140 shares |
| Total Issue size | 23,75,00,000 shares (aggregating upto ₹2,517.50 Cr ) |
| Issue type | Bookbuilding IPO |
| Listing at | NSE, BSE |
| Share Holding Pre Issue | 9,07,06,51,260 shares |
| Share Holding Post Issue | 9,07,06,51,260 shares |
Category Reservation Table
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
| Only RII | Upto Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII | 1. Employee limit: (In certain cases, employees are given a discount if the bidding amount is upto Rs 2 Lakhs) 2. If applying as RII: Upto Rs 2 Lakhs 3. If applying as NII: sNII > Rs 2 Lakhs and upto Rs 10 Lakhs, and bNII > Rs 10 lakhs | Yes for Employee and RII/NII |
Lot Allocation Details
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 140 | ₹14,840.00 |
| Retail (Max) | 13 | 1,820 | ₹1,92,920.00 |
| S-HNI (Min) | 14 | 1,960 | ₹2,07,760.00 |
| S-HNI (Max) | 67 | 9,380 | ₹9,94,280.00 |
| B-HNI (Min) | 68 | 9,520 | ₹10,09,120.00 |
Allotment Schedule
| Basis of Allotment | Wed, 15 Oct, 2025 |
| Initiation of Refunds | Thu, 16 Oct, 2025 |
| Credit of Shares to Demat | Thu, 16 Oct, 2025 |
| Tentative Listing Date | Fri, 17 Oct, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 14, 2025 |
IPO Reservation
| Investor Category | Shares Offered |
| QIB Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not less than 35% of the Net Offer |
| NII Shares Offered | Not less than 15% of the Net Offer |
To check allotment, click here
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