The Canara HSBC Life IPO will open on 10 October 2025 and close on 14 October 2025. This IPO is coming as a Book Built Issue and the company aims to raise about ₹2,517.50 crores.
The issue consists entirely of an Offer for Sale (OFS) of up to 23,75,00,000 equity shares with a face value of ₹10 each. The price band is fixed between ₹100 and ₹106 per share. The allotment is expected on 15 October 2025, and the listing is planned for 17 October 2025 on both BSE and NSE.
Contents
Canara HSBC Life IPO Details
| Particulars | Details |
|---|---|
| IPO Open Date | 10 October 2025 |
| IPO Close Date | 14 October 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹100 to ₹106 |
| Issue Size | Approx ₹2,517.50 crores |
| Offer for Sale | Approx 23,75,00,000 equity shares |
| Issue Type | Book Built Issue |
| Listing | BSE, NSE |
| DRHP Draft Prospectus | View PDF |
| RHP Draft Prospectus | View PDF |
Canara HSBC Life IPO
Open: 10-14 Oct 2025
Issue Size: ₹2,517.50 Cr.
Objective: It’s a 100% sale: Banks are selling their stake; company gets zero.
Exchange: NSE and BSE
Canara HSBC Life IPO Review
Canara HSBC Life comes with strong backing from its promoters, Canara Bank and HSBC Insurance (Asia-Pacific). The IPO is fully an OFS, so the company will not receive new funds, which might be a consideration for long-term investors.
However, the business has been expanding steadily, supported by the powerful bancassurance network of Canara Bank, HSBC India, and over 15,700 partner branches across India.
Profit After Tax has grown consistently from about ₹91 crores in FY 2023 to nearly ₹117 crores in FY 2025. The company competes with well-established players like HDFC Life, SBI Life, and ICICI Prudential, but maintains a niche presence among mid-sized insurers with an improving financial trajectory.
The combination of credible promoters, rising profitability, strong distribution reach, and improving APE helps build confidence in the business. Overall, it may be suitable for investors seeking stable long-term exposure to India’s insurance sector, although the 100% OFS structure raises natural questions.
- Also Read: Canara HSBC Life IPO
Canara HSBC Life IPO Market Lot
| Application Type | 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 |
IPO Reservation
| Investor Category | Shares Offered | Percentage |
|---|---|---|
| QIB (Ex-Anchor) | – | 50% |
| NII | – | 15% |
| Retail | – | 35% |
| Anchor | – | – |
Canara HSBC Life IPO Anchor Investors
| Particulars | Details |
|---|---|
| Anchor Bidding Date | 9 October 2025 |
| Shares Offered | 7,07,85,000 shares |
| Anchor Size | ₹750.32 crores |
| Anchor Investors List | View PDF |
| Lock-in End Date (30 Days) | 14 November 2025 |
| Lock-in End Date (90 Days) | 13 January 2026 |
Canara HSBC Life IPO Dates
| Event | Date |
|---|---|
| IPO Open | 10 October 2025 |
| IPO Close | 14 October 2025 |
| Basis of Allotment | 15 October 2025 |
| Refunds | 16 October 2025 |
| Credit to Demat | 16 October 2025 |
| Listing Date | 17 October 2025 |
| Cut-off Time | 14 October 2025, 5 PM |
Promoters and Holding Pattern
| Particulars | Shares | Shareholding |
|---|---|---|
| Promoter Holding Pre-Issue | 9,07,06,51,260 | 77% |
| Promoter Holding Post-Issue | 9,07,06,51,260 | 77% |
Objects of the Issue
The main objective of the Canara HSBC Life IPO is to facilitate the Offer for Sale of up to 23,75,00,000 equity shares by the existing shareholders. Since the issue is entirely an OFS, the company itself will not receive any funds from the IPO proceeds. Instead, the selling shareholders aim to partially liquidate their holdings.
Another purpose of the IPO is to achieve the benefits of listing the company’s equity shares on the BSE and NSE, which is expected to enhance brand visibility, improve corporate governance standards, and provide a transparent market-driven valuation for the company.
About Canara HSBC Life
Established in 2007, Canara HSBC Life is a growing private life insurer supported by a strong bancassurance network of Canara Bank and HSBC Insurance (Asia-Pacific). The company offers term plans, savings products, retirement solutions, endowment plans, group protection products, and government schemes such as PMJJBY.
Its current portfolio includes 20 individual products, 7 group products, and 2 rider options. The firm has built a significant presence through a multi-channel distribution model and its PAN-India promoter branch network, which continues to strengthen its long-term business outlook.
Canara HSBC Life Financials (₹ in Crores)
| Period | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| FY 2023 | 261.59 | 161.77 | 91.19 | 30,548.89 |
| FY 2024 | 240.88 | 117.00 | 113.32 | 37,815.80 |
| FY 2025 | 234.01 | 105.87 | 116.98 | 41,852.09 |
| June 2025 | 42.35 | 16.29 | 23.41 | 44,047.98 |
Canara HSBC Life IPO Valuation – FY2025
| KPI | Value |
|---|---|
| EPS | ₹1.23 (Basic) |
| RoNW | 7.97% |
| NAV | ₹15.97 |
| P/E Ratio | NA |
| Debt-to-Equity | – |
| ROE | – |
| ROCE | – |
| EBITDA Margin | – |
| PAT Margin | – |
Peer Comparison
| Company | EPS | PE | RoNW | NAV | Income |
|---|---|---|---|---|---|
| SBI Life | 24.09 | 74.16 | 15.13% | 169.49 | ₹84,984.63 cr |
| HDFC Life | 8.41 | 90.27 | 11.75% | 75.03 | ₹71,075.14 cr |
| ICICI Prudential | 8.21 | 73.66 | 10.34% | 82.57 | ₹48,950.71 cr |
Lead Managers
SBI Capital Markets Ltd.
BNP Paribas
HSBC Securities & Capital Markets (India) Pvt. Ltd.
JM Financial Ltd.
Motilal Oswal Investment Advisors Ltd.
Company Address
Canara HSBC Life Insurance Co. Ltd.,
8th Floor, Unit No. 808–814, Ambadeep Building,
Kasturba Gandhi Marg, Connaught Place, Central Delhi,
New Delhi – 110001
Phone: +91 01244506761
Email: investor@canarahsbclife.in
Website: www.canarahsbclife.com
IPO Registrar
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: einward.ris@kfintech.com
Website: ipostatus.kfintech.com
Canara HSBC Life IPO FAQs
What is Canara HSBC Life IPO?
It is a Mainboard IPO worth about ₹2,517.50 crores with a price band of ₹100–₹106 per share. The shares will list on BSE and NSE.
When will the IPO open?
The IPO opens on 10 October 2025 and closes on 14 October 2025.
What is the investor allocation?
QIB 50%, NII 15%, Retail 35%.
How to apply?
You can apply via ASBA through your bank or UPI through your stockbroker.
What is the lot size?
Minimum 140 shares, costing ₹14,840.
What is the allotment date?
15 October 2025.
What is the listing date?
17 October 2025.
Expert Comment
The Canara HSBC Life IPO stands out mainly because of the strong promoter backing and a well-established bancassurance network that continues to drive premiums and customer acquisition. Steady profit growth over the last three years indicates a maturing business model.
However, since the IPO is entirely an OFS, investors should keep in mind that no fresh capital is coming into the company. For investors looking for long-term exposure to India’s life insurance space with credible promoters, this issue may offer a stable opportunity, though short-term listing gains may depend purely on market sentiment.
