Canara HSBC Life Limited Link 
Allotment
Canara HSBC Life Insurance Co. Ltd. IPO is a book-built issue to raise around ₹2,517.50 crore, entirely through an offer for sale of 23.75 crore equity shares with a face value of ₹10 each. The IPO opened on October 10, 2025, and closed on October 14, 2025. The allotment was finalized on October 15, 2025, and the shares were listed on BSE and NSE on October 17, 2025.
The IPO price band is set at ₹100 to ₹106 per share, with a lot size of 140 shares. For retail investors, the minimum investment is ₹14,840 (140 shares at the upper price). For small HNIs (sNII), the lot size is 14 lots (1,960 shares) amounting to ₹2,07,760, and for big HNIs (bNII), it is 68 lots (9,520 shares) amounting to ₹10,09,120. The issue also includes a reservation of up to 15,50,000 shares for employees, offered at a discount of ₹10 per share to the issue price.
The IPO allocation is 35% for retail investors, 50% for qualified institutional buyers (QIBs), and 15% for high net-worth individuals (HNIs). SBI Capital Markets Ltd. is the book-running lead manager, and Kfin Technologies Ltd. is the registrar of the issue.
₹106
0%
Open
₹106
HIgh - Low
₹106
Previous Close
₹106
Total Traded Value
0
52 Weeks High
₹106
52 Weeks Low
₹106
Updates On
Oct 5, 2025
IPO. Open
Oct 10, 2026
IPO. Close
Oct 14, 2026
IPO. Price
₹106.00
IPO Market price
₹10,070.00 Cr
IPO Details
| IPO Date | 17 Oct |
| IPO Listing Date | 17 Oct |
| IPO Face Value | ₹10.00 per share |
| IPO Price Range | ₹106.00 |
| IPO Issue Size | 23,75,00,000 shares |
| IPO Sale Type | Offer for Sale |
| Employee Discount | ₹10.00 |
| IPO Issue Type | Book Building IPO |
| IPO Listing | BSE, NSE Platform |
| hare Holding Pre Issue | 95,00,00,000 shares |
IPO Timeline
| IPO Open Date | 10 Oct |
| IPO Close Date | 14 Oct |
| IPO Allotment (Tentative) | 15 Oct |
| Refunds | 16 Oct |
| Credit to Demat Account | 16 Oct |
| IPO Listing Date | 17 Oct |
IPO Reservation
| Category | Offer |
|---|---|
| QIB Shares Offered | 4,71,90,000 Shares |
| NII (HNI) Shares Offered | 3,53,92,500 Shares |
| Retail Shares Offered | 8,25,82,500 Shares |
IPO Lot Size
Investors can bid for a minimum of 140 shares, with additional shares in multiples of 140.
| Application | Lots | Share | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 140 | ₹14,840 |
| Retail (Max) | 13 | 1,820 | ₹1,92,920 |
| S-HNI (Min) | 14 | 1960 | ₹2,07,760 |
| S-HNI (Max) | 67 | 9380 | ₹9,94,280 |
| B-HNI (Min) | 68 | 9520 | ₹10,09,120 |
Incorporated in 2007, Canara HSBC Life Insurance Company Limited is a private life insurance company in India, jointly promoted by Canara Bank and HSBC Insurance (Asia-Pacific) Holdings Limited. The company offers a wide range of life insurance products across key business verticals, including individual life insurance (savings, endowment, term plans), group insurance solutions (credit life, protection plans), retirement and pension products, government schemes such as the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), and digital insurance distribution & embedded insurance partnerships.
Canara HSBC Life Insurance has a portfolio comprising 20 individual products, 7 group products, and 2 optional riders, along with policies under PMJJBY. Between Fiscal 2021 and 2025, the company recorded the third-highest individual weighted premium income (WPI) among bank-led insurers. Its distribution network includes bancassurance partnerships (with Canara Bank, HSBC, 8 regional rural banks, and Dhanlaxmi Bank), brokers and corporate agents, as well as direct sales and digital platforms. Bancassurance remains the core channel, with access to over 15,700 branches across India, and the Canara Bank partnership alone provides a gateway to 117 million customers through 9,849 branches as of March 31, 2025.
The company’s competitive strengths include its established parentage and trusted brand, a multi-channel distribution network with PAN-India presence, consistent and profitable financial performance, a diversified product portfolio, a technology-integrated business platform with strong automation and analytics capabilities, and an experienced management team supported by dedicated professionals. Canara HSBC Life Insurance is recognized for providing products that combine protection, guaranteed income, and market-linked growth, with flexible payouts, investment options, and customization features, driving strong long-term business growth.
Company Financials (Consolidated)
| Assets | 44,047.98 | 41,852.09 | 37,815.80 |
| Total Income | 42.35 | 234.01 | 240.88 |
| Profit After Tax | 23.41 | 116.98 | 113.32 |
| EBITDA | 31.28 | 149.91 | 146.56 |
| NET Worth | 1,540.28 | 1,516.86 | 1,418.88 |
| Reserves and Surplus | 590.28 | 566.86 | 468.88 |
| Total Borrowing | - | - | - |
Key Performance Indicator (KPI)
| ROE | 7.71% |
| ROCE | - |
| Debt/Equity | - |
| RoNW | 7.97% |
| PAT Margin | - |
| EBITDA Margin | - |
| Price to Book Value | 6.64 |
IPO Objects of the Issue
| S.No. | Objects of the ipo Resources Detail | IPO Amount |
|---|---|---|
| 1 | Funding capital expenditure requirements for the purchase of equipment/machineries | - |
| 2 | To meet out the expenses of Working Capital Requirement | - |
| 3 | To meet out the General Corporate Purposes; | - |
| 4 | Offer for Sale (OFS) | - |
Contact Details
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/
Detail Registrar
IPO Registrar
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: einward.ris@kfintech.com
Website: https://ipostatus.kfintech.com/
Canara HSBC Life IPO was a book-built issue aggregating about ₹2,518 crore, comprising entirely an offer for sale of 23.75 crore equity shares by existing shareholders.
The IPO opened for subscription on October 10, 2025, and closed on October 14, 2025, with the basis of allotment finalized on October 15, 2025.
The IPO price band was fixed at ₹100–₹106 per share, with a lot size of 140 shares. Investors could bid in multiples of 140 shares.
Retail investors needed a minimum investment of ₹14,840 for 140 shares, while HNI investors required at least ₹2,07,760 for 1,960 shares.
The shares were listed on both BSE and NSE on October 17, 2025, following the completion of allotment, refunds, and demat credit processes.
The IPO aimed to facilitate the offer for sale by existing shareholders and achieve the benefits of listing the company’s equity shares on stock exchanges.
The company reported a slight decline in revenue, while profit after tax increased by 3% in FY2025, reflecting stable profitability and operational resilience.
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