The Canara HSBC Life IPO is a Book Built Issue scheduled to open for subscription on October 10, 2025, and will close on October 14, 2025. The company aims to raise approximately ₹2,517.50 crores through this public issue. The IPO includes a fresh issue of ₹[.] crores and an Offer for Sale (OFS) of up to 23,75,00,000 equity shares with a face value of ₹10 each.
The Canara HSBC Life IPO price band has been fixed at ₹100 to ₹140 per share. The retail investor quota is 35%, Qualified Institutional Buyers (QIBs) are allocated 50%, and High Net-worth Individuals (HNIs) will have 15% of the total offering.
The IPO allotment date is expected to be October 15, 2025, and the Canara HSBC Life IPO listing will take place on both the BSE and NSE on October 17, 2025.
Table of contents
- Canara HSBC Life IPO Date & Price Band Details
- Canara HSBC Life IPO Market Lot
- Canara HSBC Life IPO Reservation
- Canara HSBC Life IPO Anchor Investors
- Canara HSBC Life IPO Allotment & Listing Dates
- Canara HSBC Life IPO: Promoters and Holding Pattern
- Objects of the Issue & Utilisation of proceeds – Canara HSBC Life IPO
- Canara HSBC Life IPO Company Financial Report
- Canara HSBC Life IPO Valuation – FY2025
- Canara HSBC Life IPO Peer Group Comparison
- Canara HSBC Life Company Overview, Key Points, Strengths, and Risks
- Canara HSBC Life IPO Registrar
- IPO Lead Managers aka Merchant Bankers
- Canara HSBC Life Company Address
- FAQs about Canara HSBC Life IPO
Canara HSBC Life IPO Date & Price Band Details
The Canara HSBC Life IPO is a Book Built Issue opening on October 10, 2025, and closing on October 14, 2025. The IPO aims to raise ₹2,517.50 crores with a price band of ₹100–₹106 per share and a face value of ₹10. It will list on BSE and NSE.
| IPO Details | Details |
|---|---|
| IPO Open Date | October 10, 2025 |
| IPO Close Date | October 14, 2025 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹100 to ₹106 Per Share |
| Issue Size | Approx ₹2,517.50 Crores |
| Offer for Sale: | Approx 23,75,00,000 Equity Shares |
| Issue Type | Book Built Issue |
| IPO Listing | BSE, NSE |
| DRHP Draft Prospectus | Click Here |
| RHP Draft Prospectus | Click Here |
Canara HSBC Life IPO Market Lot
For investors, the Canara HSBC Life IPO lot size is set at 140 shares per lot. The minimum retail investment starts at ₹14,840 for 1 lot, while the maximum retail limit is 13 lots (₹1,92,920). For S-HNI, the minimum is ₹2,07,760, and B-HNI starts from ₹10,09,120.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 140 | ₹14,840 |
| Retail Maximum | 13 | 1,820 | ₹1,92,920 |
| S-HNI Minimum | 14 | 1,960 | ₹2,07,760 |
| S-HNI Maximum | 67 | 9,380 | ₹9,94,280 |
| B-HNI Minimum | 68 | 9,520 | ₹10,09,120 |
The Canara HSBC Life IPO Subscription Status will be updated after the bidding process begins on October 10, 2025.
Canara HSBC Life IPO Reservation
The Canara HSBC Life IPO allocates 50% of its shares to Qualified Institutional Buyers (QIBs), 15% to Non-Institutional Investors (NIIs), and 35% to Retail Investors. A portion will also be reserved for Anchor Investors before the IPO opens. This balanced allocation ensures participation across all investor categories.
| Investor Category | Share Offered | -% Shares |
|---|---|---|
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | – Shares | 50% |
| NII Shares Offered | – Shares | 15% |
| Retail Shares Offered | – Shares | 35% |
Canara HSBC Life IPO Anchor Investors
The Canara HSBC Life IPO Anchor Bidding Date is set for October 9, 2025, a day before the IPO opens to the public. The Anchor Investors List will be released in a PDF format. The total anchor portion comprises [.] shares, worth approximately [.] crores. As per SEBI rules, 50% of the anchor shares will have a lock-in period until November 14, 2025, and the remaining 50% will be locked until January 13, 2026.
| Anchor Event | Details |
|---|---|
| Anchor Bidding Date | October 9, 2025 |
| Anchor Investors List | Click Here |
| Shares Offered | [.] Shares |
| Anchor Size | [.] Cr. |
| lock-in period end date 50% shares (30 Days) | November 14, 2025 |
| lock-in period end date 50% shares (90 Days) | January 13, 2026 |
Canara HSBC Life IPO Allotment & Listing Dates
The Canara HSBC Life IPO will open on October 10, 2025, and close on October 14, 2025, with a bidding cut-off time of 5 PM on the closing day. The basis of allotment will be finalized on October 15, 2025, followed by refunds and credit to Demat accounts on October 16, 2025. The IPO listing date is scheduled for October 17, 2025, on both BSE and NSE.
| Event | Date |
|---|---|
| IPO Open Date: | October 10, 2025 |
| IPO Close Date: | October 14, 2025 |
| Basis of Allotment: | October 15, 2025 |
| Refunds: | October 16, 2025 |
| Credit to Demat Account: | October 16, 2025 |
| IPO Listing Date: | October 17, 2025 |
| IPO Bidding Cut-off Time: | October 14, 2025 – 5 PM |
Canara HSBC Life IPO: Promoters and Holding Pattern
The promoters of Canara HSBC Life Insurance Company are Canara Bank and HSBC Insurance (Asia-Pacific) Holdings Limited. The promoter shareholding remains strong, with 9,07,06,51,260 shares, accounting for 77.00% pre-issue and 77.00% post-issue, reflecting consistent promoter confidence and stability in the company’s ownership structure.
| Particular | Shares | % Share |
|---|---|---|
| Promoter Holding Pre Issue | 9,07,06,51,260 | 77.00% |
| Promoter Holding Post Issue | 9,07,06,51,260 | 77.00% |
Objects of the Issue & Utilisation of proceeds – Canara HSBC Life IPO
The objects of the Canara HSBC Life IPO are focused on two key goals. First, to carry out the Offer for Sale (OFS) of up to 23,75,00,000 equity shares with a face value of ₹10 each, enabling existing shareholders to partially divest their holdings. Second, to achieve the benefits of listing on the BSE and NSE, which will enhance brand visibility, liquidity, and corporate credibility in the capital markets.
| Purpose | Crores |
|---|---|
| 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 | – |
Canara HSBC Life IPO Company Financial Report
The financial performance of Canara HSBC Life Insurance Company shows consistent growth and profitability over the years. For FY 2023, the company reported a revenue of ₹261.59 crore and a PAT of ₹91.19 crore with total assets of ₹30,548.89 crore. In FY 2024, revenue stood at ₹240.88 crore, and PAT increased to ₹113.32 crore, while assets rose to ₹37,815.80 crore.
For FY 2025, the company achieved a PAT of ₹116.98 crore on revenue of ₹234.01 crore, with assets reaching ₹41,852.09 crore. As of June 2025, revenue was ₹42.35 crore and PAT ₹23.41 crore, supported by assets of ₹44,047.98 crore — demonstrating steady financial growth and operational efficiency.
| Period Ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2023 | ₹261.59 | ₹- | ₹91.19 | ₹30,548.89 |
| 2024 | ₹240.88 | ₹- | ₹113.32 | ₹37,815.80 |
| 2025 | ₹234.01 | ₹- | ₹116.98 | ₹41,852.09 |
| June 2025 | ₹42.35 | ₹- | ₹23.41 | ₹44,047.98 |
Canara HSBC Life IPO Valuation – FY2025
The key performance indicators (KPIs) of Canara HSBC Life Insurance Company highlight its solid financial position and profitability. The company reported an Earnings Per Share (EPS) of ₹1.23 (Basic) and a Return on Net Worth (RoNW) of 7.97%, reflecting efficient capital utilization. The Net Asset Value (NAV) stands at ₹15.97 per share. While the P/E ratio is currently not applicable, these figures demonstrate a stable and sustainable financial outlook for the company ahead of its IPO.
| KPI | Values |
|---|---|
| ROE: | -% |
| ROCE: | -% |
| EBITDA Margin: | -% |
| PAT Margin: | -% |
| Debt to equity ratio: | – |
| Earning Per Share (EPS): | ₹1.23 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 7.97% |
| Net Asset Value (NAV): | ₹15.97 |
Canara HSBC Life IPO Peer Group Comparison
The life insurance sector in India is led by major players like SBI Life Insurance, HDFC Life Insurance, and ICICI Prudential Life Insurance. Among them, SBI Life Insurance Company Limited reported an EPS of ₹24.09, P/E ratio of 74.16, and RoNW of 15.13% with income of ₹84,984.63 crores. HDFC Life Insurance Company Limited recorded an EPS of ₹8.41, P/E ratio of 90.27, RoNW of 11.75%, and income of ₹71,075.14 crores. Meanwhile, ICICI Prudential Life Insurance Company Limited posted an EPS of ₹8.21, P/E ratio of 73.66, RoNW of 10.34%, and income of ₹48,950.71 crores.
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| SBI Life InsuranceCompany Limited | 24.09 | 74.16 | 15.13% | 169.49 | 84,984.63 Cr. |
| HDFC Life Insurance Company Limited | 8.41 | 90.27 | 11.75% | 75.03 | 71,075.14 Cr. |
| ICICI Prudential Life Insurance Company Limited | 8.21 | 73.66 | 10.34% | 82.57 | 48,950.71 Cr. |
Canara HSBC Life Company Overview, Key Points, Strengths, and Risks
The company overview, key points, strengths, and risks for Canara HSBC Life Insurance are outlined below, based on publicly available information:
Canara HSBC Life Company Overview
- Type and Foundation: Canara HSBC Life Insurance is an Indian private life insurance company established in 2008.
- Joint Venture: It is a joint venture primarily between Canara Bank (51% stake) and HSBC Insurance (Asia Pacific) Holdings Limited (26% stake). Punjab National Bank (PNB) also held a stake and has been a selling shareholder in the recent IPO (Offer for Sale).
- Headquarters: Gurugram, Haryana, India.
- Products: The company offers a diversified portfolio of individual and group insurance solutions, including term plans, savings and investment plans (including ULIPs), retirement solutions, credit life, and employee benefit segments.
- Distribution: It follows a multi-channel distribution strategy, with bancassurance (leveraging the vast network of its partner banks, especially Canara Bank) being the dominant channel.
Key Financial and Operational Points (as of recent reported data)
| Metric | Value (Approx.) | Note |
|---|---|---|
| Claim Settlement Ratio (CSR) | 99.01%−99.38% | High CSR, indicating strong ability to settle claims. (Data varies slightly between sources and reporting periods, e.g., FY 2023-24, FY 2025). |
| Solvency Ratio | 200.42%−215.00% | Well above the regulatory mandate of 150%, reflecting strong capital adequacy. (Data varies slightly between sources and reporting periods, e.g., Jun 2025, FY 2023-24). |
| Profitability | Consistent and profitable growth since inception; achieved profitability within five years. | |
| Distribution Channel | Bancassurance contributes a high percentage (e.g., 87%−92%) of New Business Premiums. | Heavy reliance on partner banks’ branch networks. |
| Assets Under Management (AUM) | Over ₹40,000 Crores (e.g., ₹41,166.41 Crore as of FY25/Q1FY26) | Indicates the scale of assets managed. |
Strengths
- Strong Promoter Backing and Brand Recall: Strategic backing from a major public sector bank, Canara Bank, and the global financial institution, HSBC, provides significant brand credibility and trust.
- Extensive Bancassurance Network: Leveraging the vast branch network of Canara Bank across India (including semi-urban and rural areas) provides a cost-efficient and wide reach for customer acquisition.
- High Claims Paying Ability: The company has received a ‘CARE AAA (In)’ Claims Paying Ability/Financial Strength Rating, signifying the highest financial strength to meet policyholders’ obligations.
- High Solvency Ratio: Maintaining a solvency ratio significantly above the regulatory requirement indicates a robust capital base and financial stability.
- Healthy Claim Settlement Ratio (CSR): A high CSR suggests efficiency and commitment to settling claims, which is a key trust metric for customers.
- Consistent Profitability: A track record of continuous profitable growth demonstrates operational efficiency and sound financial management.
Risks
- High Dependence on Bancassurance: Over-reliance on the bancassurance channel (accounting for a very large portion of new business premiums) creates a concentration risk. Any adverse changes in agreements, performance of partner banks, or increased competition for product placement could significantly impact the business.
- Regulatory and Compliance Risks: The insurance sector is highly regulated by IRDAI. Any abrupt adverse changes in regulations, particularly concerning bancassurance, investment norms, or pricing, could negatively affect operations and profitability.
- Market Risk in ULIPs: A substantial portion of the company’s product mix includes Unit-Linked Insurance Plans (ULIPs). The returns and, in some cases, the capital value for policyholders in these products are subject to the volatility of the equity and debt markets.
- Competition: The company operates in a competitive Indian life insurance market with many private and public sector players, requiring continuous effort to maintain market share and profitability.
- Policy Persistency: Fluctuations or deterioration in policy persistency metrics (the rate at which policies are renewed) can impact the company’s long-term profitability and cash flow.
Canara HSBC Life IPO Registrar
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: einward.ris@kfintech.com
Website: https://ipostatus.kfintech.com/
IPO Lead Managers aka Merchant Bankers
- SBI Capital Markets Ltd.
- BNP Paribas
- HSBC Securities & Capital Markets (India) Pvt.Ltd.
- JM Financial Ltd.
- Motilal Oswal Investment Advisors Ltd.
Canara HSBC Life Company Address
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
Phone: +91 01244506761
Email: investor@canarahsbclife.in
Website: http://www.canarahsbclife.com/
FAQs about Canara HSBC Life IPO
The Canara HSBC Life IPO opens on October 10, 2025, and closes on October 14, 2025.
The IPO Price Band is fixed at ₹100 to ₹106 per equity share.
The minimum application is for 1 lot, which equals 140 shares.
The total issue size is approximately ₹2,517.50 Crores, which is a pure Offer for Sale (OFS).
No, the IPO is entirely an Offer for Sale (OFS), meaning the company will not receive any proceeds from the issue.
The shares are expected to be listed on the BSE and NSE on October 17, 2025.
The promoters are Canara Bank and HSBC Insurance (Asia-Pacific) Holdings Limited.
A retail investor’s minimum investment is ₹14,840 (1 lot at the upper price band).
35% of the total issue is reserved for Retail Individual Investors (RIIs).
The primary objectives are to facilitate the Offer for Sale by existing shareholders and to achieve the benefits of listing on the stock exchanges (enhanced brand visibility, liquidity, and corporate credibility).
Disclaimer: This content is provided strictly for educational and informational purposes only. The securities or investments mentioned are based on publicly available information and should not be construed as investment advice or recommendations. Investors are advised to consult with their financial advisor before making any investment decisions.
