Canara HSBC Life Insurance Co. IPO Price: ₹100 to ₹106 per share
IPO Dates: 10th October 2025 – 14th October 2025
Company Overview
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. The company provides a wide range of life insurance and protection solutions catering to individual and group needs.
Key Business Verticals
The company operates across multiple verticals, including individual life insurance (savings, endowment, and term plans), group insurance solutions (credit life and protection plans), retirement and pension products, government schemes such as the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), and digital insurance distribution with embedded insurance partnerships.
Canara HSBC Life Insurance offers a portfolio of 20 individual products, 7 group products, and 2 optional riders, along with policies under PMJJBY. Between Fiscal 2021 and 2025, it recorded the third-highest individual weighted premium income (WPI) among bank-led insurers in India.
Distribution Channels
The company’s distribution network includes bancassurance partners (Canara Bank, HSBC, 8 Regional Rural Banks, and Dhanlaxmi Bank), brokers, corporate agents, and direct as well as digital platforms. Bancassurance serves as its primary channel, offering access to over 15,700 branches across India. The partnership with Canara Bank alone provides access to 117 million customers through 9,849 branches as of March 31, 2025.
Competitive Strengths
- Strong and established parentage with a trusted brand image
- Multi-channel distribution network with a PAN-India presence
- Consistent and profitable financial performance driving long-term value creation
- Diversified product portfolio catering to multiple customer segments
- Technology-integrated business platform emphasizing automation and digital analytics
- Experienced management team backed by skilled professionals
Bidding Starts In
Canara HSBC Life Insurance Co. IPO Specifics:
| IPO Date | October 10, 2025 to October 14, 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 up to ₹2,517.50 Cr) |
| Sale Type | Offer For Sale |
| Employee Discount | ₹10.00 |
| Issue Type | Book Built Issue 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 Insurance Co. IPO Timetable (Important Dates)
| 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 |
| Listing Date | Fri, Oct 17, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Oct 14, 2025 |
Canara HSBC Life Insurance Co. IPO Lot Size
Bidders have the opportunity to bid for a minimum of 140 shares, with the option to increase in multiples. The table below outlines the minimum and maximum investment thresholds for both retail investors and High Net Worth Individuals (HNIs), specifying the corresponding number of shares and amounts involved.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 140 | ₹14,840 |
| Retail (Max) | 13 | 1820 | ₹1,92,920 |
| S-HNI (Min) | 14 | 1960 | ₹2,07,760 |
| S-HNI (Max) | 67 | 9380 | ₹9,94,280 |
| B-HNI (Min) | 68 | 9520 | ₹10,09,120 |
Canara HSBC Life Insurance Co. IPO Reservation
| QIB Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not less than 35% of the Net Offer |
| NII (HNI) Shares Offered | Not less than 15% of the Offer |
Canara HSBC Life Insurance Co. IPO Financial Information
| Period Ended | 31 Mar 2023 | 31 Mar 2024 | 31 Mar 2025 | 30 Jun 2025 |
|---|---|---|---|---|
| Assets | 30,548.89 | 37,815.80 | 41,852.09 | 44,047.98 |
| Total Income | 261.59 | 240.88 | 234.01 | 42.35 |
| Profit After Tax | 91.19 | 113.32 | 116.98 | 23.41 |
| EBITDA | 118.82 | 146.56 | 149.91 | 31.28 |
| NET Worth | 1,353.07 | 1,418.88 | 1,516.86 | 1,540.28 |
| Reserves and Surplus | 403.07 | 468.88 | 566.86 | 590.28 |
Key Performance Indicator – Canara HSBC Life Insurance Co. IPO
| KPI | Values |
|---|---|
| ROE | 7.71% |
| RoNW | 7.97% |
Objects of the Issue:
The Canara HSBC Life IPO plans to utilise the net proceeds from the issue for the following purposes:
To achieve the benefits of listing the equity shares on the stock exchanges.
To carry out an Offer for Sale (OFS) of up to 237,500,000 equity shares, each having a face value of ₹10, by the selling shareholders, aggregating up to ₹[●] million.
Prospectus Links:
Prospectus: Official documents that provide detailed information about the IPO and the company.
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