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Canara HSBC Life Insurance Company Ltd IPO

We are a private life insurer in India and promoted by Canara Bank (which ranks as the fourth largest public sector bank by total assets in India as at March 31, 2025), according to CRISIL Report and HSBC Insurance (Asia-Pacific) Holdings Limited, a member of the HSBC group, whose global reputation as a financial institution adds credibility and brand value to us. According to CRISIL Report, our individual weighted premium income grew third highest amongst bank led insurers between Fiscal 2022 and 2025 and was the second highest year-on-year growth amongst our Peer Set for Fiscal 2025. Furthermore, according to the CRISIL Report, our market share in the industry was 1.81% as at March 31, 2025, in terms of individual weighted premium income.

Canara HSBC Life Insurance Company Ltd IPO Details

Total Shares Offered

₹ 23,75,00,000

Offer to Public

23,75,00,000

Retail Max (Shares)

₹ 8,25,82,500

Pre Issue Promoters Holding

₹ 73,15,00,000

Exchange

BSE

Issue size

₹ 2517.5 Cr

IPO Open Date

Oct 10, 2025

Close Date

Oct 14, 2025

Lot Size

140

Min Investment

₹ 14,000

Issue Type

Book Building

Listing Date

Oct 17, 2025

Canara HSBC Life Insurance Company Ltd IPO Dates

Oct 10, 2025

Opening date

Oct 14, 2025

Closing date

Oct 15, 2025

Basis of Allotment

Oct 16, 2025

Initiation of Refunds

Oct 16, 2025

Credit of Shares

Oct 17, 2025

Listing date

Details

Sector	Type
Sector	Finance & Investments
Sub Sector	NA
Issue Type	Book Building

Subscription Status

*Values are in Lakhs

Investor Type	Subscription Times	Shares Offered*	Shares Bid*
QIB	2.82x	117975000	332894520
NII	0.33x	35392500	11754540
Retail	0.42x	82582500	34323940
Employee	2.06x	1550000	3189200
Total	1.61x	237500000	382162200

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

2.82x

0.33x

0.42x

2.06x

1.61x

117975000

35392500

82582500

1550000

237500000

332894520

11754540

34323940

3189200

382162200

Canara HSBC Life Insurance Company Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	149.91	146.56	118.82
EBITDA	171.68	169.25	137.81
PAT	116.98	113.32	91.19
Total Assets	1,600.78	1,265.10	1,030.67
Share Capital	950.00	950.00	950.00
Total Borrowings	958.96	838.54	644.04
Operating Activities (Net Cash)	138.75	136.01	110.18
Investing Activities (Net Cash)	41,162.33	37,355.26	30,174.21
Financing Activities (Net Cash)	958.96	838.54	644.04
Net Cashflow	610.96	421.98	386.63

About Canara HSBC Life Insurance Company Ltd

Our Company was incorporated on September 25, 2007 as `Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited', a public limited company under the Companies Act, 1956 and was granted a certificate of incorporation by the Assistant Registrar of Companies, Karnataka, and received a certificate of commencement of business dated January 28, 2008 from the Assistant Registrar of Companies, Karnataka. A fresh certificate of incorporation was granted on March 1, 2013 by the Registrar of Companies, National Capital Territory of Delhi and Haryana at New Delhi (now known as Registrar of Companies, Delhi and Haryana (the RoC)), pursuant to change in the registered office of our Company from Karnataka to Delhi. Subsequently, pursuant to special resolution passed by our Shareholders at an extraordinary general meeting dated June 3, 2022, the name of our Company was changed to `Canara HSBC Life Insurance Company Limited' and a fresh certificate of incorporation, consequent upon change of name, was issued to our Company by the RoC on June 15, 2022.

According to the CRISIL Report, the total premium growth for bank led life insurers in Fiscal 2023 and 2024 was 16.4% and 13.9%, respectively year-on-year basis whereas the same for non-bank led players was higher at 16.2% and 18.9% in Fiscal 2023 and 2024, respectively. The increasing adoption of digital technologies, such as online platforms and mobile apps, have improved the customer experiences, improved underwriting and increased efficiency in the life insurance industry. The new business premium also witnessed growth of 18.3% CAGR and 14.7% CAGR for bank led and non-bank led players, respectively during Fiscal 2014 to 2025.

Peer Comparison:

SBI Life Insurance Company Ltd
HDFC Life Insurance Company Ltd
ICICI Prudential Life Insurance Company Ltd

Canara HSBC Life Insurance Company Ltd Key Points

Strengths

We have an established parentage and a trusted brand amplifying customer attraction.

We have a multi-channel distribution network with pan-India presence.

We provide long term value creation driven by consistent and profitable financial performance.

We have a diversified product portfolio with a focus on customer centricity enabling growth across business cycles.

We have a technology integrated business platform with strong focus on automation and digital analytics leading to prudent risk management framework.

Risk

Any termination of, or adverse change in, our bancassurance arrangements, and in particular our distribution agreement, as amended, with our Promoter, Canara Bank, or one of our group companies, HSBC India, or decline in performance standards of our bancassurance partners, may have a material adverse effect on our business, results of operations and financial condition.

Adverse variation in persistency metrics or adverse persistency metrics as well as concentrated surrenders by customers may have a material adverse effect on our financial condition, results of operations and cash flows.

Our Company operates in a complex regulatory environment, and any adverse changes to these regulations or failure to comply with the requirements could disrupt our business operations or expose us to significant penalties.

Strategy

Enhance penetration in our existing distribution network to facilitate growth.

Strengthening our multi-channel distribution network to increase and diversify our revenue streams.

Continued focus on customer centricity to improve customer satisfaction and retention.

Continue to leverage technology and analytics to enhance productivity and efficiency to improve customer experience and manage risks.

Ensure profitable growth through balanced product portfolio.

How To Apply for Canara HSBC Life Insurance Company Ltd IPO Online?

Step 1:

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Canara HSBC Life Insurance Company Ltd IPO?

Canara HSBC Life Insurance Company Ltd's IPO offers shares for up to 0 It begins on Oct 10, 2025 and ends on Oct 14, 2025.

What is the price of the Canara HSBC Life Insurance Company Ltd IPO?

The price of Canara HSBC Life Insurance Company Ltd IPO ranges between ₹100 to ₹106 per share.

What are the open and close dates for the Canara HSBC Life Insurance Company Ltd IPO?

The Canara HSBC Life Insurance Company Ltd IPO opens on Oct 10, 2025 and closes on Oct 14, 2025.

When will the Canara HSBC Life Insurance Company Ltd IPO be allotted?

The allotment for the Canara HSBC Life Insurance Company Ltd IPO will be finalised on Oct 15, 2025. The shares will be listed on BSE and NSE on Oct 17, 2025.

What is the minimum lot size required for Canara HSBC Life Insurance Company Ltd IPO?

The minimum lot size for Canara HSBC Life Insurance Company Ltd IPO is 140 shares, priced between ₹100 to ₹106 per share.

What is the GMP of Canara HSBC Life Insurance Company Ltd IPO?

The GMP (Grey Market Premium) of Canara HSBC Life Insurance Company Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Canara HSBC Life Insurance Company Ltd IPO?

To check the allotment status of Canara HSBC Life Insurance Company Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Canara HSBC Life Insurance Company Ltd IPO getting listed?

The Canara HSBC Life Insurance Company Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Oct 10, 2025, and closes on Oct 14, 2025. The allotment is finalised on Oct 15, 2025.

How do you apply for the Canara HSBC Life Insurance Company Ltd IPO?

To apply for the Canara HSBC Life Insurance Company Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.