Canara HSBC Life Insurance IPO

Canara HSBC Life Insurance IPO is a book-built issue worth Rs 2,517.50 crores, consisting entirely of an Offer for Sale of 23.75 crore shares. The IPO opens on October 10, 2025, and closes on October 14, 2025. Allotment is expected on October 15, 2025, with listing on BSE and NSE set for October 17, 2025. The price band is Rs 100–106 per share, with a lot size of 140 shares, requiring a retail investment of Rs 14,840. sNII investment totals Rs 2,07,760, while bNII requires Rs 10,09,120. SBI Capital Markets is the lead manager.

Canara HSBC Life Insurance IPO Details

Check out the issue details for Canara HSBC Life Insurance IPO as disclosed in SEBI.

IPO Price

₹ 106

Price Band

₹ 100 - 106

Issue Size

2517.5 Cr.

Issue Type

Book Built

Open

2025-10-10

Close

2025-10-14

Listingprice

₹ 106

ListingGain

0.00%

Listing Date

2025-10-17

CMP

₹ 121.29

Current Return

14.42%

Canara HSBC Life Insurance News

Canara HSBC Life Ins - Quaterly Results28 Oct 2025, 12:00AM Canara HSBC Life Insurance Company informs about updates17 Oct 2025, 5:42PM Canara HSBC Life Insurance Company informs about disclosure17 Oct 2025, 2:43PM Canara HSBC Life Insurance makes muted debut on the BSE17 Oct 2025, 10:34AM Canara HSBC Life Insurance coming with IPO to raise upto Rs 2518 crore8 Oct 2025, 3:38PM

Company Financials

You can get the following financial statements of Canara HSBC Life Insurance as of now.

Exchange

NSE: CANHLIFE BSE: 544583

  Profit Loss
  Balance Sheet
  Quarterly
  Shareholding
  Cash Flow

Canara HSBC Life Insurance Co IPO Details

The details about the Canara HSBC Life Insurance Co IPO are as follows:

  • The issue size of the IPO is Rs 2,517.50 Cr.
  • The price band for Canara HSBC Life IPO is Rs 100 to Rs 106.
  • The shares of Canara HSBC Life IPO will list on BSE and NSE.
  • The latest tentative GMP of Canara HSBC Life IPO is Rs 2.
  • The shares of Canara HSBC Life IPO are subscribed 2.30 Times.

 

Canara HSBC Life IPO Valuation

The approximate valuation of Canara HSBC Life Insurance Co IPO based on its price band and RHP is:

Particulars Value
Upper Price Band Rs 106
Existing Shares (Qty) 95 Cr
Market Cap Rs 10070 Cr
EPS (FY25) Rs 1.23
PE Ratio 86.17x
Industry PE 79.37x

 

Canara HSBC Life IPO Issue Size

Canara HSBC Life IPO issue size is Rs 2,517.50 Cr.

Issue Amount
Fresh Issue Rs 0 Cr
Offer For Sale Rs 2,517.50 Cr

 

Canara HSBC Life IPO Market Lot

An individual can apply for a minimum of 1 lot of 140 shares and a maximum of 13 lots (1,820 shares). Find the details below:

Application Lot Shares Amount
Retail Minimum 1 140 Rs 14,840
Retail Maximum 13 1,820 Rs 1,92,920

 

Canara HSBC Life IPO Share Offer

The shares of Canara HSBC Life IPO are subscribed 2.30 Times. The category-wise shares offered are as follows:

Category % Offered
Qualified Institutional Not more than 50%
Non-Institutional Not less than 15%
Retail Individual Not less than 35%

 

Canara HSBC Life IPO GMP (Grey Market Premium)

As on GMP (Tentative)
10 October 2025 Rs 11
13 October 2025 Rs 2

Canara HSBC Life IPO GMP is purely for informational purposes. Invest in an IPO after thoroughly researching on your own.

Canara HSBC Life IPO Dates

Find below the dates for Canara HSBC Life IPO

Schedule Date
Basis of Allotment 15 Oct 2025
Refunds 16 Oct 2025
Credit to Demat Account 16 Oct 2025
IPO Listing Date 17 Oct 2025

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Other Income 0 0 0.08 0 0
Profit Before Tax 102.12 10.24 99.82 123.87 128.15
Tax 7.5 0 8.63 10.56 11.17
Net Profit 94.62 10.24 91.19 113.32 116.98

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity and Liabilities
Share Capital 950 950 950 950 950
Borrowings 0 0 0 0 0
Total Liabilities 21812.5 26548.52 30548.89 37815.8 41852.08
Other N/C Assets 11716.99 13002.12 12944.2 15919.63 17152.31
Total Assets 21812.5 26548.52 30548.89 37815.8 41852.08
Assets
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Sep 2025
Other Income 117.72
Profit Before Tax 45.26
Tax 4.45
Net Profit 40.81
Adjusted EPS (Rs) 0.43

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Profit from operations 0 0 0 0 0
Adjustment 2385.29 2072.69 2675.89 2406.83 1308.26
Tax Paid -53.07 -73.77 -76.85 -90.53 -90.92
Operating Cash Flow 2339.58 1997.57 2592.5 2310.11 1207.82
Investing Cash Flow -2236.18 -1928.87 -2576.1 -2044.74 -714.47
Financing Cash Flow 0 0 -28.5 -47.5 -19
Net Cash Flow 103.4 68.7 -12.1 217.87 474.35

Canara HSBC Life Insurance IPO: Date, Price Band, & Details

Canara HSBC Life Insurance Company is launching its Initial Public Offering (IPO) on October 10, 2025. The public issue, which is entirely an Offer for Sale (OFS) of up to Rs 2,517 crore, will close for subscription on October 14, 2025.

About Canara HSBC Life Insurance Company Ltd.

Incorporated in 2007, Canara HSBC Life Insurance is a joint venture between Canara Bank (which holds a 51% stake) and HSBC Insurance (Asia-Pacific) Holdings Ltd. (which owns 26%). Punjab National Bank (PNB) is also a significant shareholder. The company is a prominent bank-led private player in India's life insurance sector, leveraging the extensive distribution network of its promoter banks.

Key Business Highlights

  • Strong Growth: The company has demonstrated consistent growth, with its Annualised Premium Equivalent (APE) growing steadily. Its profit after tax increased at a CAGR of 13.26% from Rs 91.2 crore in fiscal 2023 to Rs 117 crore in fiscal 2025.

  • High Solvency Ratio: As of June 2025, the company maintained a healthy solvency ratio of 200.42%, well above the regulatory requirement of 150%.

  • Increasing Embedded Value: The company's embedded value, a key metric for life insurers, rose from Rs 4,272 crore at the end of FY23 to Rs 6,111 crore as of FY25.

  • Extensive Reach: The company has provided coverage to over 10.51 million lives, showcasing its wide market reach.

Canara HSBC Life Insurance IPO Details (2025)

  • IPO Open Date: October 10, 2025

  • IPO Close Date: October 14, 2025

  • Listing Date: October 17, 2025 (Tentative)

  • Price Band: Rs 100 – Rs 106 per share

  • Issue Size: Rs 2,517 crore (entirely an Offer for Sale of 23.75 crore shares)

  • Lot Size: 140 Shares

  • Minimum Investment (Retail): Rs 14,840

IPO Structure & Utilisation

  • Offer for Sale: The IPO is a complete OFS where promoters and an existing investor will offload their stakes. Canara Bank will sell 13.77 crore shares, Punjab National Bank will sell 9.5 crore shares, and HSBC Insurance will sell 47.5 lakh shares. As this is an OFS, the company itself will not receive any proceeds from the public issue.

  • Reservation: The issue has a reservation of 50% for Qualified Institutional Buyers (QIBs), 35% for retail investors, and 15% for Non-Institutional Investors (NIIs).

Key Dates & Timeline

  • Anchor Investor Bidding: October 9, 2025

  • IPO Opening: October 10, 2025

  • IPO Closing: October 14, 2025

  • Allotment Finalisation: October 15, 2025 (Tentative)

  • Listing on BSE & NSE: October 17, 2025 (Tentative)

Frequently Asked Questions (FAQs) about Canara HSBC Life Insurance IPO

Q1: What are the key dates for the Canara HSBC Life Insurance IPO?
The IPO is open for subscription from October 10 to October 14, 2025. The tentative listing date is October 17, 2025.

Q2: What is the price band for the Canara HSBC Life Insurance IPO?
The price band has been set at Rs 100 to Rs 106 per share.

Q3: What will the funds raised be used for?
Since this is entirely an Offer for Sale, all proceeds will go to the selling shareholders (promoters and an existing investor), and the company will not receive any funds from the issue.

Q4: Who are the book-running lead managers for the IPO?
The book-running lead managers for the issue include SBI Capital Markets, BNP Paribas, HSBC Securities and Capital Markets, JM Financial, and Motilal Oswal Investment Advisors.

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