Canara HSBC Life Insurance IPO
IPO Listing Details
- Listing Date
17 Oct 2025
- Listing Price
₹106.00
- Listing Change
0.00%
- Last Traded Price
₹122.54
Canara HSBC Life Insurance IPO Details
-
Open Date
10 Oct 2025
-
Close Date
14 Oct 2025
-
Listing Date
17 Oct 2025
- IPO Price Range
₹ 100 to ₹106
- IPO Size
₹ 2,517.50 Cr
- Listing Exchange
BSE NSE
Canara HSBC Life Insurance IPO Timeline
Canara HSBC Life Insurance IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 10-Oct-25 | 0.03 | 0.05 | 0.14 | 0.09 |
| 13-Oct-25 | 0.32 | 0.14 | 0.28 | 0.27 |
| 14-Oct-25 | 7.05 | 0.33 | 0.42 | 2.30 |
Last Updated: 14 October 2025 5:54 PM by 5paisa
Canara HSBC Life Insurance Company Limited is a joint venture between Canara Bank, HSBC Insurance (Asia Pacific) Holdings Limited, and Punjab National Bank. Established in 2008, the company offers a comprehensive portfolio of life insurance solutions including term plans, savings plans, ULIPs, retirement and child plans, catering to both individual and group segments. It operates through a multi-channel distribution model, with strong bancassurance partnerships leveraging the extensive branch networks of Canara Bank and Punjab National Bank, giving it a wide geographical reach across urban, semi-urban, and rural India.
The company’s product suite focuses on customer-centric innovation, combining protection with long-term savings, and offers digital servicing to enhance policyholder experience. Financially, Canara HSBC Life has demonstrated consistent growth in gross written premium and profitability, supported by its bancassurance-led model, robust underwriting discipline, and investment management efficiency. Its focus on technology, expanding distribution footprint, and cost optimisation have further improved operating margins. The company’s strength lies in its deep institutional partnerships, trusted brand recall through leading public-sector banks, and its ability to serve a diversified customer base across income and demographic segments within India’s rapidly growing life insurance sector.
Established in: 2008
Managing Director: Anuj Dayal Mathur
Peers:
| Metric | Canara HSBC Life Insurance Company | SBI Life Insurance Company Ltd. | HDFC Life Insurance Company Ltd. | ICICI Prudential Life Insurance Company Ltd. |
| Revenue from Operations (₹ mn) | 80,274.62 | 849,846.30 | 710,751.40 | 489,507.10 |
| Face Value (₹ per share) | 10 | 10 | 10 | 10 |
| Closing Price (₹, as on Oct 3, 2025) | [●] | 1,785.10 | 759.20 | 601.10 |
| EPS (Basic) (₹) | 1.23 | 24.09 | 8.41 | 8.21 |
| EPS (Diluted) (₹) | 1.23 | 24.07 | 8.41 | 8.16 |
| NAV per Share (₹, as on Mar 31, 2025) | 15.97 | 169.49 | 75.03 | 82.57 |
| P/E Ratio (x) | [●]* | 74.16 | 90.27 | 73.66 |
| Return on Net Worth (RoNW, %) | 7.97 | 15.13 | 11.75 | 10.34 |
Canara HSBC Life Insurance Objectives
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.
Achieve the benefits of listing the Equity Shares on the Stock Exchanges
Canara HSBC Life Insurance IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹2,517.50 Cr |
| Offer For Sale | ₹2,517.50 Cr |
| Fresh Issue | - |
Canara HSBC Life Insurance IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 140 | ₹14,000 |
| Retail (Max) | 13 | 1,820 | ₹1,92,920 |
| S-HNI (Min) | 14 | 1,960 | ₹1,96,000 |
| S-HNI (MAX) | 66 | 9,240 | ₹9,24,000 |
| B-HNI (Min) | 67 | 9,380 | ₹9,38,000 |
Canara HSBC Life Insurance IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.)* |
|---|---|---|---|---|
| QIB (Ex Anchor) | 7.05 | 4,71,90,000 | 33,28,94,520 | 3,528.682 |
| NII (HNI) | 0.33 | 3,53,92,500 | 1,17,54,540 | 124.598 |
| bNII (bids above ₹10L) | 0.28 | 2,35,95,000 | 65,80,700 | 69.755 |
| sNII (bids below ₹10L) | 0.44 | 1,17,97,500 | 51,73,840 | 54.843 |
| Retail Investors | 0.42 | 8,25,82,500 | 3,47,89,020 | 368.764 |
| Total** | 2.30 | 16,67,15,000 | 38,26,25,880 | 4,055.834 |
*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.
| Particulars (In ₹ Crores) | FY23 | FY24 | FY25 |
| Revenue | 7,197.3 | 7,128.7 | 8,027.4 |
| EBITDA | 118.8 | 146.5 | 149.9 |
| PAT | 91.1 | 113.3 | 116.9 |
| Particulars (In ₹ Crores) | FY23 | FY24 | FY25 |
| Total Assets | 269.6 | 330.06 | 538.5 |
| Share Capital | 9,500 | 9,500 | 9,500 |
| Total Borrowing | - | - | - |
| Particulars (In ₹ Crores) | FY23 | FY24 | FY25 |
| Net Cash Generated From / (used in) operating activities | 2,592.3 | 2,310.1 | 1,207.8 |
| Net Cash Generated From / (used in) Investing Activities | -2,576.1 | -2,044.7 | -714.4 |
| Net Cash Generated From / (used in) financing activities | -28.5 | -47.5 | -19.0 |
| Net Increase (Decrease) In Cash And Cash Equivalents | 1,179.3 | 1,397.1 | 1,871.5 |
Strengths
1. Strong backing from Canara Bank and HSBC
2. Robust bancassurance-led distribution network
3. Diversified product portfolio across customer segments
4. Consistent financial performance and profitability
5. Experienced management and actuarial expertise
Weaknesses
1. Heavy reliance on bancassurance channel
2. Limited presence in direct and digital channels
3. Moderate market share compared to top private peers
4. Product innovation constrained by regulatory limits
5. High sensitivity to interest rate movements
Opportunities
1. Rising awareness and penetration of life insurance
2. Increasing income levels and financial literacy
3. Potential to scale direct and online distribution
4. Cross-selling through PSU bank customer bases
5. Regulatory push for long-term protection plans
Threats
1. Intense competition from large private insurers
2. Market volatility affecting investment returns
3. Changing regulatory and solvency norms
4. Dependence on bancassurance partner performance
5. Persistency risk amid rising customer churn
1. Trusted joint venture backed by reputed financial institutions
2. Strong bancassurance network ensuring steady policy inflow
3. Consistent financial growth and robust solvency position
4. Exposure to India’s under-penetrated life insurance market
5. Well-balanced product mix across protection and savings
6. Brand credibility and governance aligned with PSU banking partners
7. Potential for long-term value creation through industry growth tailwinds
India’s life insurance sector remains one of the fastest-growing segments within financial services, driven by rising income levels, increasing financial inclusion, and growing awareness of protection-based savings. Despite being among the world’s largest markets by population, India’s insurance penetration is still below global averages—offering significant headroom for growth. Canara HSBC Life is well-positioned to capitalise on this trend through its strong bancassurance partnerships with Canara Bank and PNB, providing access to over 20,000+ bank branches nationwide.
The company’s focus on improving product mix, technology adoption, and customer engagement initiatives aligns with industry shifts toward digital and hybrid models. As regulatory reforms promote transparency and long-term savings products, Canara HSBC Life has an opportunity to expand its footprint and profitability while leveraging its strong parentage and risk management framework.
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FAQs
Canara HSBC Life Insurance IPO opens from October 10, 2025 to October 14, 2025.
The size of Canara HSBC Life Insurance IPO is ₹2,517.50 Cr.
The price band of Canara HSBC Life Insurance Company IPO is ₹100 to ₹106 per share.
To apply for Canara HSBC Life Insurance IPO, follow the steps given below:
● Login to your 5paisa demat account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Canara HSBC Life Insurance Company IPO
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of the Canara HSBC Life Insurance IPO is 140 shares and the investment required is ₹14,000.
The share allotment date of Canara HSBC Life Insurance IPO is October 15, 2025.
The Canara HSBC Life Insurance IPO will likely be listed on October 17, 2025.
SBI Capital Markets Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
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.
Achieve the benefits of listing the Equity Shares on the Stock Exchanges
Canara HSBC Life Insurance Contact Details
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/
Canara HSBC Life Insurance IPO Register
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: einward.ris@kfintech.com
Website: https://ipostatus.kfintech.com/
Canara HSBC Life Insurance IPO Lead Manager
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