Canara HSBC Life Insurance Co. IPO
Bookbuilding IPO | ₹2,517.50 Cr | Listing at BSE, NSE
IPO Open
Fri, Oct 10, 2025
IPO Close
Sun, Dec 14, 2025
Price Band
₹100.00 to ₹106.00
Market Cap (Pre-IPO)
₹10,070.00 Cr
IPO Details
| IPO Date | Oct 10, 2025 to Dec 14, 2025 |
| Listing Date | Oct 17, 2025 |
| Face Value | ₹10.00 per share |
| Price Band | ₹100.00 to ₹106.00 |
| Lot Size | 140 Shares (Minimum: ₹14,840.00) |
| Sale Type | Offer For Sale |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Issue Size | ₹2,517.50 Crores |
| Total Shares Offered | 237,500,000 shares |
| Fresh Issue | 950,000,000 shares |
| Offer For Sale | 950,000,000 shares |
Subscription Data
| Category | Times Subscribed |
|---|---|
| QIB | 7.05x |
| RII | 0.42x |
| Total | 2.30x |
Canara HSBC Life Insurance Co. IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | 11,79,75,000 (49.67%) |
| Retail Shares Offered | 8,25,82,500 (34.77%) |
| NII Shares Offered | 3,53,92,500 (14.90%) |
Canara HSBC Life Insurance Co. IPO Lot Size
Investors can bid for a minimum of 140 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 140 | ₹14,840 |
| Retail (Max) | 13 | 1,820 | ₹192,920 |
| S-HNI (Min) | 14 | 1,960 | ₹207,760 |
| S-HNI (Max) | 67 | 9,380 | ₹994,280 |
| B-HNI (Min) | 68 | 9,520 | ₹1,009,120 |
Canara HSBC Life Insurance Co. Financial Information (Restated Consolidated)
Canara HSBC Life Insurance Co.Ltd.'s revenue decreased by 3% and profit after tax (PAT) rose by 3% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 44,047.98 | 41,852.09 | 37,815.80 | 30,548.89 |
| Total Income | 42.35 | 234.01 | 240.88 | 261.59 |
| Profit After Tax | 23.41 | 116.98 | 113.32 | 91.19 |
| EBITDA | 31.28 | 149.91 | 146.56 | 118.82 |
| NET Worth | 1,540.28 | 1,516.86 | 1,418.88 | 1,353.07 |
| Reserves and Surplus | 590.28 | 566.86 | 468.88 | 403.07 |
| Total Borrowing | - | - | - | - |
Amount in ₹ Cr
Key Performance Indicators
As of Monday, March 31, 2025| KPI | Values |
|---|---|
| ROE (Return on Equity) | 7.71% |
| ROCE (Return on Capital Employed) | 7.97% |
| Price to Book Value | 6.64 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 1.23 | 0.99 |
| P/E (x) | 86.08 | 107.53 |
| Promoter Holding | 77.00% | 62.00% |
Company Promoters
- Canara Bank and HSBC Insurance (Asia-Pacific) Holdings Limited are the company promoters.
Company Overview
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.
Key Business Verticals:
- Individual Life Insurance (Savings, Endowment, Term Plans)
- Group Insurance Solutions (Credit Life, Protection Plans)
- Retirement & Pension Products
- Government Schemes (PMJJBY)
- Digital Insurance Distribution & Embedded Insurance Partnerships
Canara HSBC Life Insurance offers a portfolio comprising 20 individual products, 7 group products, and 2 optional riders, along with policies under the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY). The company recorded the third-highest individual weighted premium income (WPI) among bank-led insurers between Fiscal 2021 and 2025.
Distribution Channels:
- Bancassurance (including Canara Bank, HSBC, 8 Regional Rural Banks, Dhanlaxmi Bank)
- Brokers and Corporate Agents
- Direct Sales and Digital Platforms
Bancassurance remains the company’s core channel, with access to over 15,700 branches across India. The partnership with Canara Bank alone provides a gateway to 117 million customers through 9,849 branches (as of Mar 31, 2025).
Company Strengths
- Established parentage and a trusted brand amplifying customer attraction
- Multi-channel distribution network with PAN-India presence
- Long term value creation driven by consistent and profitable financial performance
- Diversified product portfolio
- Technology integrated business platform with strong focus on automation and digital analytics
- Experienced management team supported by a team of dedicated professionals
Use of Proceeds
| 1) | 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 | |
| 2) | Achieve the benefits of listing the Equity Shares on the Stock Exchanges |
Objectives
The Company Canara HSBC Life IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
Canara HSBC Life Insurance Co. IPO Peer Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Canara HSBC Life Insurance Company Limited | 1.23 | 1.23 | 15.97 | - | 7.97 | - | - |
| Sbi Life Insurance Company Ltd | 24.09 | 24.09 | 169.49 | 74.16 | 15.13 | 10.56 | - |
| Hdfc Life Insurance Company Ltd | 8.41 | 8.41 | 75.03 | 90.27 | 11.75 | 11.75 | - |
| Icici Prudential Life Insurance Company Ltd | 8.21 | 8.16 | 82.57 | 73.66 | 10.34 | 7.33 | - |
Quick Info
| Sector | Financial Services |
| Exchange | BSE, NSE |
| Market Cap (Pre-IPO) | ₹10,070.00 Cr |
Important Dates
| IPO Open | Oct 10, 2025 |
| IPO Close | Dec 14, 2025 |
| Allotment Date | Oct 15, 2025 |
| Basis of Allotment | Oct 15, 2025 |
| Credit to Demat | Oct 16, 2025 |
| Listing Date | Oct 17, 2025 |
Lead Manager(s)
SBI Capital Markets Ltd.
Registrar
Kfin Technologies Ltd.
04067162222, 04079611000
Description
- Canara HSBC Life Insurance Co.Ltd. IPO is a book build issue of ₹2,517.50 crores. The issue is entirely an offer for sale of 23.75 crore shares of ₹2,517.50 crore.
- Canara HSBC Life IPO bidding started from Oct 10, 2025 and ended on Oct 14, 2025. The allotment for Canara HSBC Life IPO was finalized on Oct 15, 2025. The shares got listed on BSE, NSE on Oct 17, 2025.
- Canara HSBC Life IPO price band is set at ₹106.00 per share . The lot size for an application is 140. The minimum amount of investment required by an retail is ₹14,840 (140 shares) (based on upper price). The lot size investment for sNII is 14 lots (1,960 shares), amounting to ₹2,07,760, and for bNII, it is 68 lots (9,520 shares), amounting to ₹10,09,120.
- The issue includes a reservation of up to 15,50,000 shares for employees offered at a discount of ₹10.00 to the issue price.