Canara HSBC Life Insurance Co. IPO Details
Canara HSBC Life Insurance Co. Ltd. IPO is a mainboard book-built issue of 23.75 crore shares, entirely an Offer for Sale. The IPO opens on 10 October 2025 and closes on 14 October 2025, with allotment likely on 15 October 2025 and listing scheduled on 17 October 2025 at BSE and NSE. The price band is fixed at Rs. 100 to Rs. 106 per share. Lot size is 140 shares.The issue is managed by SBI Capital Markets Ltd., while Kfin Technologies Ltd. acts as the registrar.
đź•— Last Update: 17 October 2025, 6.00 AM
 IPO Key Dates
| IPO Opens on | Oct 10, 2025 |
| IPO Closes on | Oct 14, 2025 |
| Allotment on | Oct 15, 2025 |
| Initiation of Refunds | Oct 16, 2025 |
| Credit of Shares | Oct 16, 2025 |
| Listing Date | Oct 17, 2025 |
| Subscription updates: | |||||
| Size – Rs.2517.50 Cr | |||||
| (Closed on 14 October 2025) | |||||
| QIB | B HNI x | S HNI x | NII x | RII x | Total |
| 7.05 | 0.28 | 0.44 | 0.33 | 0.42 | 2.30 |
| Applications: 1,75,204 | |||||
| Subscription Review: Trend of the last day suggest severe weakness, and the premium-market is affected due to this poor flow of applications |
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The promoters
Canara Bank and HSBC Insurance (Asia-Pacific) Holdings Limited are the company promoters
The promoters hold 62.93 % shares in the pre-IPO capital of the company.
Objects of IPO
The IPO consists only of an offer for sale.
Business :
IPO Details
| Opens On | 10 October 2025 |
| Closes on | 14 October 25 |
| Face Value | Rs.10 |
| Issue Price Band | Rs.100-106 |
| Lot Size | 140 Shares |
| Sale Type | Offer for sale |
| Total Issue Size | 2375,00,000 shares |
| Total Issue Size | Rs. 3325 Cr |
| Employee Discount | Rs. 0 |
| Shareholder Discount | Rs. 0 |
| Listing At | BSE, NSE |
How are the shares offered?
| Investor Category | Shares Offered |
| QIB Shares Offered | Not less than 50% of the Net Offer |
| Retail Shares Offered | Not more than 35% of the Net Offer |
| NII Shares Offered | Not more than 15% of the Net Offer |
How Shares can be applid?
| Application | Lots | Shares | Amount Rs. |
| Retail (Min) | 1 | 140 | 14840 |
| Retail (Max) | 13 | 1820 | 192920 |
| S-HNI (Min) | 14 | 1960 | 207760 |
| S-HNI (Max) | 67 | 9380 | 994280 |
| B-HNI (Min) | 68 | 9520 | 1009120 |
How to check Allotment Status
Allotment of this IPO will be announced on 15 October 2025 and the link to check allotment is given below:
ttps://linkintime.co.in/Initial_Offer/public-issues.html
| Registered Office of the company Canara HSBC Life Insurance Co.Ltd. 8 th Floor, Unit No. 808- 814, Ambadeep Building, Kasturba Gandhi Marg, Connaught Place, Central Delhi Delhi, New Delhi, 110001 Email: investor@canarahsbclife.in |
|
| The Lead Managers SBI Capital Markets Ltd. BNP Paribas  HSBC Securities & Capital Markets (India) Pvt.Ltd. JM Financial Ltd. Motilal Oswal Investment Advisors Ltd. |
|
| Registrar to IPO | |
| Kfin Technologies ltd |
Financial Snapshot
| Period Ended | 30-Jun-25 | 31-Mar-25 | 31-Mar-24 | 31-Mar-23 |
| Assets | 44,047.98 | 41,852.09 | 37,815.80 | 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 Rs. Crore | ||||
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Key Performance Indicators
| KPI | Values |
| ROE | 7.71% |
| RoNW | 7.97% |
| EPS | 1.23 |
| PER | 81.30 |
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Peer Comparison
| Company Name | P/EÂ (x) | RoNWÂ (%) |
| Canara HSBC Life Insurance Company Limited | 81.30 | 7.97 |
| Sbi Life Insurance Company Ltd | 74.16 | 15.13 |
| Hdfc Life Insurance Company Ltd | 90.27 | 11.75 |
| Icici Prudential Life Insurance Company | 73.66 | 10.34 |
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IPO Concise Review by Paresh Gordhandas, CA & Research Analyst
IPO Verdict – Canara HSBC Life Insurance Company Ltd.
Canara HSBC Life Insurance Company Ltd., incorporated in 2007, is a joint venture between Canara Bank and HSBC Insurance (Asia-Pacific). It is among the leading bancassurance-driven private insurers in India, with a strong presence across individual, group, pension, and government-linked schemes. Its portfolio comprises 20 individual products and 7 group solutions, distributed primarily through Canara Bank, HSBC, 8 Regional Rural Banks, and Dhanlaxmi Bank, enabling access to more than 15,700 branches and 117 million Canara Bank customers.
On the financial front, the company reported assets of Rs. 44,047.98 crore as of June 30, 2025, and a PAT of Rs. 23.41 crore in Q1 FY26. While the business has shown steady growth, profitability remains moderate, reflected in a RoNW of 7.97%, compared with stronger peers such as SBI Life (15.13%) and HDFC Life (11.75%). At a P/E of 81.3, valuations appear stretched on conventional metrics; however, this is not the most appropriate lens for life insurance companies.
In insurance, the Price-to-Embedded Value (P/EV) ratio is a more accurate measure. On this basis, the IPO appears attractively priced. At the upper price band, Canara HSBC Life Insurance is valued at a P/EV of 1.59, which is lower than HDFC Life (3.01), SBI Life (2.48), and ICICI Prudential Life (1.74). This indicates that, despite a modest grey market premium (GMP), the stock offers significant scope for upside on listing and in the medium term.
Additionally, the IPO provides exposure to India’s underpenetrated life insurance sector, where long-term growth prospects remain robust. Backed by strong promoters and a powerful bancassurance network, the issue looks well-positioned for steady growth.
Verdict: Apply – Suitable for long-term investors seeking financial sector diversification, with potential for attractive listing gains.
Canara HSBC Life Insurance IPO dates
Canara HSBC Life Insurance IPO price & Lot
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