Canara HSBC Life IPO Details
The key details of Canara HSBC Life Insurance Co.’s IPO are outlined below, covering all crucial aspects from price range to investment requirements and regulatory documents.
| IPO Size | ₹2,517.50 Cr |
| Price Range | ₹100 - ₹106 |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| Employee Discount | -- |
| Listing at | NSE and BSE |
| Minimum Quantity | 140 |
| Investment (cut-off price) | ₹14,840 |
| Pre IPO Promotor Holding | 62.93% |
| Post IPO Promotor Holding | Update soon |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Canara HSBC Life IPO Timelines
The IPO process for Canara HSBC Life Insurance Co. includes key dates for participants to know. The timeline allows for strategic planning and participation, helping investors stay informed and engaged throughout the entire process.
10/10/2025
Start Date14/10/2025
End Date16/10/2025
Refund Initiation16/10/2025
Credit of Shares to Demat Ac17/10/2025
Listing DateCanara HSBC Life IPO Lot Size
The Canara HSBC Life Insurance Co. IPO has a fixed lot size of 140 shares, at an upper price band of ₹106 per share. For retail investors, the minimum application is 140 shares (1 lot) amounting to ₹14,840, while the maximum is 1,820 shares (13 lots) worth ₹1,92,920. For Small HNI (S-HNI) investors, the minimum application is 1,960 shares (14 lots) worth ₹2,07,760, while the maximum is 9,380 shares (67 lots) amounting to ₹9,94,280. Big HNI (B-HNI) investors need to apply for at least 9,520 shares (68 lots), totaling ₹10,09,120.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 140 | ₹14,840 |
| Retail Maximum | 13 | 1820 | ₹1,92,920 |
| S-HNI Minimum | 14 | 1960 | ₹2,07,760 |
| S-HNI Maximum | 67 | 9380 | ₹9,94,280 |
| B-HNI Minimum | 68 | 9520 | ₹10,09,120 |
Canara HSBC Life IPO Subscription Status
The subscription status for Canara HSBC Life Insurance Co. IPO shows market demand across different investor categories, providing valuable insights into the offering’s performance. You can track real-time subscription data below.
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| 0.32x | 0.19x | 0.33x | 1.46x | 0.31x |
IPO Performance on Listing Day
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹ | ₹ | ₹ | ₹ |
Canara HSBC Life IPO Company Financials
Canara HSBC Life Insurance Co. reports robust performance in FY2025 with Total Income of ₹[.] crores, managing expenses at ₹[.] crores, and achieving a strong PAT (Profit After Tax) of ₹[.] crores, demonstrating significant growth potential ahead of its public offering.
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2023 | ₹261.59 | ₹ | ₹91.19 |
| FY 2024 | ₹240.88 | ₹ | ₹113.32 |
| FY 2025 | ₹234.01 | ₹ | ₹116.98 |
| FY 2026 (3 M) | ₹42.35 | ₹ | ₹23.41 |
About Company
Canara HSBC Life Insurance Company Limited, established in 2007, is a private life insurer in India jointly promoted by Canara Bank and HSBC Insurance (Asia-Pacific) Holdings Limited. The company operates across key business verticals such as individual life insurance including savings, endowment, and term plans, group insurance solutions like credit life and protection plans, retirement and pension products, and government schemes such as the Pradhan Mantri Jeevan Jyoti Bima Yojana. It also focuses on digital insurance distribution and embedded insurance partnerships. The company offers a diversified portfolio of 20 individual products, 7 group products, and 2 optional riders. Between Fiscal 2021 and 2025, it recorded the third-highest individual weighted premium income among bank-led insurers.
The company distributes its products through multiple channels including bancassurance, brokers, corporate agents, direct sales, and digital platforms. Bancassurance remains the primary channel, leveraging strong partnerships with Canara Bank, HSBC, 8 Regional Rural Banks, and Dhanlaxmi Bank. Through these networks, the company has access to over 15,700 branches nationwide. Canara Bank alone offers a significant distribution advantage, providing access to 117 million customers through its 9,849 branches as of March 31, 2025.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2007 | Insurance | Anuj Mathur |
Know Before Investing
Canara HSBC Life IPO Strengths
- Canara HSBC Life Insurance leverages extensive bancassurance partnerships with Canara Bank, HSBC India, and regional rural banks, providing access to over 15,700 branches across India, supporting deep market penetration.
- Ranked 12th among private life insurers in India, with significant market share and growing brand recognition since inception in 2007.
- Assets under management stood at ₹44,047.98 crore as of June 2025, up 6% from March 2025, underscoring scale and operational strength.
- Maintained a strong solvency ratio of 200.42% as of June 2025, comfortably above the regulatory minimum of 150%, signaling financial robustness.
- Offers 20 individual and 7 group insurance products, including savings, protection, retirement, annuity, and ULIP plans, meeting varied customer needs.
Canara HSBC Life IPO Risks
- Over 87% of new business premiums come from the bancassurance channel, making the company vulnerable to partner banks’ performance and strategic changes.
- Positioned 12th among private players, Canara HSBC Life competes with larger, well-established insurers like SBI Life, HDFC Life, and ICICI Prudential, limiting market share gains.
- VNB margin declined to 19.07% from 20%, reflecting margin pressures especially from linked products and competitive pricing.
- Unit-linked products are susceptible to equity market volatility, impacting persistency and premium inflows.
- Life insurance business is subject to evolving regulations on premium pricing, product design, and investment norms which could impact revenues.
- A slowdown in economic growth or income levels can adversely affect premium collections and new business sales.
Swot Analysis for Canara HSBC Life IPO
Strengths
Multi-Channel Distribution Network, Strong Capital and Solvency Ratios, Agile and Digital Orientation
Weaknesses
Dependency on Bancassurance, Established Competitor Pressure, Brand Fluctuations
Opportunities
Financial Inclusion Expansion, Rising ESG and Wellness Themes, Digital Sales Acceleration
Threats
Intense Industry Competition, Channel Concentration Risks, Persistency and Claim Settlement Challenges
Company Details
Canara HSBC Life Insurance Co. Ltd.
8th Floor, Unit No. 808- 814, Ambadeep Building, Kasturba Gandhi Marg, Connaught Place, Central Delhi Delhi, New Delhi, 110001
Phone: +91 01244506761
Email: investor@canarahsbclife.in
Website: http://www.canarahsbclife.com/
IPO Registar Details
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: einward.ris@kfintech.com
Website: https://ipostatus.kfintech.com/
FAQs
The key objectives of Canara HSBC Life IPO are:
- 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 ₹[●] million; and
- Achieve the benefits of listing the Equity Shares on the Stock Exchanges
SBI Capital Markets Ltd., BNP Paribas, HSBC Securities & Capital Markets (India) Pvt. Ltd., JM Financial Ltd., Motilal Oswal Investment Advisors Ltd. are the book-running lead managers for the Canara HSBC Life IPO.
Canara HSBC Life IPO offers strong growth potential with assets under management of ₹43,639.5 crore and embedded value rising from ₹4,272 crore in FY23 to ₹6,111 crore in FY25. Backed by leading banks and ranking among the fastest growing insurers, it benefits from sector under penetration and bancassurance reach.
The issue price for the Canara HSBC Life IPO is set between ₹100 to ₹106 per share.
To invest in one lot of Canara HSBC Life IPO, you need ₹14,000 at the lower price band (₹100 per share) or ₹14,840 at the upper price band (₹106 per share) for a lot size of 140 shares.
Canara HSBC Life IPO shares are scheduled to be listed on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on October 17, 2025.
Refund/unblocking of funds for Canara HSBC Life IPO will begin on October 16, 2025. ASBA/UPI blocks will be removed within 1 working day.
You can sell shares your Canara HSBC Life IPO shares on listing day (October 17, 2025) after they are credited to your demat account. If you want to sell in the pre-open market, the timing for that session is from 9:00 AM to 9:15 AM. Otherwise, you can sell after 10:00 AM during regular trading hours.