Canara HSBC Life IPO: Price Band, GMP, Allotment, Listing Date
Canara HSBC Life Insurance Company Limited is set to launch its Initial Public Offering on October 10, 2025, the IPO will remain open for subscription until October 14, 2025. This Book Built Issue aims to raise approximately ₹2,517.50 crores, consisting of an Offer for Sale (OFS) of up to 23.75 crore equity shares with a face value of ₹10 each. The price band for the Canara HSBC Life IPO has been fixed between ₹100 to ₹140 per share. The issue will be listed on both the BSE and National Stock Exchange, with the listing date scheduled for October 17, 2025. The IPO allotment results will be announced on October 15, 2025.
Canara HSBC Life Insurance is jointly promoted by Canara Bank and HSBC Insurance (Asia-Pacific) Holdings Limited. The company is a well-established in India with a wide customer base, offering a wide range of life, health, and savings insurance products through a strong bancassurance network.
Canara HSBC Life Insurance IPO Details
| Particulars | Details |
|---|---|
| IPO Open Date | October 10, 2025 |
| IPO Close Date | October 14, 2025 |
| Face Value | ₹10 per equity share |
| IPO Price Band | ₹100 to ₹140 per share |
| Issue Size | Approx ₹2,517.50 crores |
| Offer for Sale (OFS) | Up to 23,75,00,000 equity shares |
| Issue Type | Book Built Issue |
| Listing Exchange | BSE, NSE |
| Anchor Bidding Date | October 9, 2025 |
| Allotment Date | October 15, 2025 |
| Refunds Initiated | October 16, 2025 |
| Credit to Demat Account | October 16, 2025 |
| Listing Date | October 17, 2025 |
| Promoters | Canara Bank and HSBC Insurance (Asia-Pacific) Holdings Ltd |
Canara HSBC Life IPO Market Lot Size
| Application | Lots | 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 |
Retail investors can start applying for a minimum of 140 shares, requiring an investment of ₹14,840 (based on the lower band). The maximum limit for retail investors is 13 lots (1,820 shares), amounting to approximately ₹1,92,920.
Canara HSBC Life IPO Reservation Structure
| Investor Category | % of Issue Offered |
|---|---|
| QIB (Qualified Institutional Buyers) | 50% |
| NII (Non-Institutional Investors) | 15% |
| Retail Investors | 35% |
| Anchor Investors | To be announced |
Canara HSBC Life IPO Allotment & Listing
The Canara HSBC Life IPO allotment will be announced on October 15, 2025. Investors can check their Canara HSBC Life IPO allotment status online through the registrar or BSE website using their PAN or application number. The Canara HSBC Life IPO will list on the BSE and NSE on October 17, 2025. Listing gains or losses will depend on investor demand and overall market sentiment.
Objects of the Offer
The primary purpose of the Canara HSBC Life IPO is to facilitate an Offer for Sale (OFS) of up to 23.75 crore equity shares by the existing shareholders.The company also aims to get the benefits of being listed on the BSE and NSE, which will help increase its visibility and brand value. Since this is a complete Offer for Sale, it is important to note that no new shares are being issued, and hence, the company will not receive any proceeds from the IPO; the entire offer is purely a sale by existing shareholders.
Canara HSBC Life Financial Performance (₹ in Crores)
| Period Ended | Revenue | PAT | Total Assets |
|---|---|---|---|
| FY2023 | ₹261.59 | ₹91.19 | ₹30,548.89 |
| FY2024 | ₹240.88 | ₹113.32 | ₹37,815.80 |
| FY2025 | ₹234.01 | ₹116.98 | ₹41,852.09 |
| Q1 FY2026 (June 2025) | ₹42.35 | ₹23.41 | ₹44,047.98 |
Financial Highlights:
- The company has shown steady growth in profit after tax (PAT) from ₹91.19 crore in FY2023 to ₹116.98 crore in FY2025 and the total assets of the company increased from ₹30,548.89 crore to ₹41,852.09 crore during the same period, reflecting strong balance sheet expansion.
- Consistent revenue and profitability indicate stable business fundamentals in the Indian life insurance sector.
Canara HSBC Life IPO Grey Market Premium (GMP)
The Canara HSBC Life IPO Grey Market Premium (GMP) gives an early idea of how investors are valuing the company in the market before its official listing. The GMP shows the difference between the actual IPO issue price and the price at which the shares are being traded in the unofficial grey market. A positive GMP price indicates strong demand from investors and the possibility of listing gains, while a low or negative GMP suggests limited interest. However, it’s important to remember that the grey market is unofficial and speculative.
About Canara HSBC Life Insurance Company Limited
Canara HSBC Life Insurance Company Limited was established in 2008 as a joint venture between Canara Bank, HSBC Insurance (Asia-Pacific) Holdings Limited, and Punjab National Bank, which is a well established bank in India. The company provides a comprehensive range of life, health, and investment-linked insurance products designed to meet the protection and savings needs of individuals across India. With a growing customer base and a solid track record in managing risk, Canara HSBC Life is well-positioned in the fast-expanding Indian life insurance market.
Disclaimer: This article is for educational and informational purposes only and should not be considered investment advice. Investors should conduct their own research and read and understand all official company documents, including the DRHP/Red Herring Prospectus (RHP), with the assistance of a legally registered and certified financial professional before making any investment decisions. Any opinions or reviews expressed in this article are for informational purposes only and do not constitute a recommendation to buy or sell securities.
