Canara HSBC Life IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Oct 10 to Oct 14 2025
Price Band
₹100 - 106
Current GMP
₹106.0(0.0%)
Subscription
2.30 times
IPO Details
| IPO Date | October 10, 2025 to October 14, 2025 |
| Listing Date | October 17, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹100 to ₹106 per share |
| Issue Price Final | ₹106 per share |
| Lot Size | 140 Shares |
| Sale Type | Offer For Sale |
| Total Issue Size | 23,75,00,000 shares (aggregating up to ₹2,517.50 Cr) |
| Employee Discount | ₹10.00 |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 95,00,00,000 shares |
| Share Holding Post Issue | 95,00,00,000 shares |
IPO Date
October 10, 2025 to October 14, 2025
Listing Date
October 17, 2025
Face Value
₹10 per share
Issue Price Band
₹100 to ₹106 per share
Issue Price Final
₹106 per share
Lot Size
140 Shares
Sale Type
Offer For Sale
Total Issue Size
23,75,00,000 shares (aggregating up to ₹2,517.50 Cr)
Employee Discount
₹10.00
Issue Type
Bookbuilding IPO
Listing At
BSE, NSE
Share Holding Pre Issue
95,00,00,000 shares
Share Holding Post Issue
95,00,00,000 shares
IPO Subscription Details
| Anchor Investors | 1 |
| QIB (Ex Anchor) | 7.05 |
| Non-Institutional Buyers | 0.33 |
| bNII (bids above ₹10L) | 0.28 |
| sNII (bids below ₹10L) | 0.44 |
| Retail Investors | 0.42 |
| Employees | 2.06 |
| Total ** | 2.30 |
Anchor Investors
1
QIB (Ex Anchor)
7.05
Non-Institutional Buyers
0.33
bNII (bids above ₹10L)
0.28
sNII (bids below ₹10L)
0.44
Retail Investors
0.42
Employees
2.06
Total **
2.30
Day Wise Sub
| Day | QIB (Ex Anchor) | NII | NII (> ₹10L) | NII (< ₹10L) | Retail | EMP | Total |
|---|---|---|---|---|---|---|---|
| Day 1 Oct 10, 2025 | 0.03 | 0.05 | 0.02 | 0.11 | 0.14 | 0.47 | 0.09 |
| Day 2 Oct 13, 2025 | 0.32 | 0.14 | 0.07 | 0.27 | 0.28 | 1.17 | 0.27 |
| Day 3 Oct 14, 2025 | 7.05 | 0.33 | 0.28 | 0.44 | 0.42 | 2.06 | 2.30 |
DayDay 1
Oct 10, 2025
QIB (Ex Anchor)0.03
NII0.05
NII (> ₹10L)0.02
NII (< ₹10L)0.11
Retail0.14
EMP0.47
Total0.09
DayDay 2
Oct 13, 2025
QIB (Ex Anchor)0.32
NII0.14
NII (> ₹10L)0.07
NII (< ₹10L)0.27
Retail0.28
EMP1.17
Total0.27
DayDay 3
Oct 14, 2025
QIB (Ex Anchor)7.05
NII0.33
NII (> ₹10L)0.28
NII (< ₹10L)0.44
Retail0.42
EMP2.06
Total2.30
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 17-10-2025 | 106.00 | 3(2.83%) | 109 |
| 16-10-2025 | 106.00 | 2.5(2.36%) | 108.5 |
| 15-10-2025 | 106.00 | 0(0.00%) | 106 |
| 14-10-2025 | 106.00 | 0(0.00%) | 106 |
| 13-10-2025 | 106.00 | 1(0.94%) | 107 |
| 12-10-2025 | 106.00 | 2(1.89%) | 108 |
| 11-10-2025 | 106.00 | 2(1.89%) | 108 |
| 10-10-2025 | 106.00 | 2(1.89%) | 108 |
| 09-10-2025 | 106.00 | 10(9.43%) | 116 |
| 08-10-2025 | 106.00 | 10(9.43%) | 116 |
| 07-10-2025 | 106.00 | 14(13.21%) | 120 |
| 06-10-2025 | 0(%) | (%) |
Date17-10-2025
Price106.00
GMP3(2.83%)
Estimate List Price109
Date16-10-2025
Price106.00
GMP2.5(2.36%)
Estimate List Price108.5
Date15-10-2025
Price106.00
GMP0(0.00%)
Estimate List Price106
Date14-10-2025
Price106.00
GMP0(0.00%)
Estimate List Price106
Date13-10-2025
Price106.00
GMP1(0.94%)
Estimate List Price107
Date12-10-2025
Price106.00
GMP2(1.89%)
Estimate List Price108
Date11-10-2025
Price106.00
GMP2(1.89%)
Estimate List Price108
Date10-10-2025
Price106.00
GMP2(1.89%)
Estimate List Price108
Date09-10-2025
Price106.00
GMP10(9.43%)
Estimate List Price116
Date08-10-2025
Price106.00
GMP10(9.43%)
Estimate List Price116
Date07-10-2025
Price106.00
GMP14(13.21%)
Estimate List Price120
Date06-10-2025
Price
GMP0(%)
Estimate List Price(%)
IPO Important Dates
| IPO Open Date | Fri, Oct 10, 2025 |
| IPO Close Date | Tue, Oct 14, 2025 |
| Tentative Allotment | Wed, Oct 15, 2025 |
| Initiation of Refunds | Thu, Oct 16, 2025 |
| Credit of Shares to Demat | Thu, Oct 16, 2025 |
| Tentative Listing Date | Fri, Oct 17, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Oct 14, 2025 |
IPO Open Date
Fri, Oct 10, 2025
IPO Close Date
Tue, Oct 14, 2025
Tentative Allotment
Wed, Oct 15, 2025
Initiation of Refunds
Thu, Oct 16, 2025
Credit of Shares to Demat
Thu, Oct 16, 2025
Tentative Listing Date
Fri, Oct 17, 2025
Cut-off time for UPI mandate confirmation
5 PM on Tue, Oct 14, 2025
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 140 | ₹14,840 |
| Retail (Max) | 13 | 1,820 | ₹1,92,920 |
| S-HNI (Min) | 14 | 1,960 | ₹2,07,760 |
| S-HNI (Max) | 67 | 9,380 | ₹9,94,280 |
| B-HNI (Min) | 68 | 9,520 | ₹10,09,120 |
ApplicationRetail (Min)
Lots1
Shares140
Amount₹14,840
ApplicationRetail (Max)
Lots13
Shares1,820
Amount₹1,92,920
ApplicationS-HNI (Min)
Lots14
Shares1,960
Amount₹2,07,760
ApplicationS-HNI (Max)
Lots67
Shares9,380
Amount₹9,94,280
ApplicationB-HNI (Min)
Lots68
Shares9,520
Amount₹10,09,120
Financial Information
| Period Ended | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Period Ended | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 |
| 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 |
Period EndedPeriod Ended
30 Jun 202530 Jun 2025
31 Mar 202531 Mar 2025
31 Mar 202431 Mar 2024
Period EndedAssets
30 Jun 202544,047.98
31 Mar 202541,852.09
31 Mar 202437,815.80
Period EndedTotal Income
30 Jun 202542.35
31 Mar 2025234.01
31 Mar 2024240.88
Period EndedProfit After Tax
30 Jun 202523.41
31 Mar 2025116.98
31 Mar 2024113.32
Period EndedEBITDA
30 Jun 202531.28
31 Mar 2025149.91
31 Mar 2024146.56
Period EndedNET Worth
30 Jun 20251,540.28
31 Mar 20251,516.86
31 Mar 20241,418.88
Period EndedReserves and Surplus
30 Jun 2025590.28
31 Mar 2025566.86
31 Mar 2024468.88
Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio |
|---|---|---|---|---|---|---|
| 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 | 10.12 |
| Icici Prudential Life Insurance Company Ltd | 8.21 | 8.16 | 82.57 | 73.66 | 10.34 | 7.33 |
Company NameCanara HSBC Life Insurance Company Limited
EPS (Basic)1.23
EPS (Diluted)1.23
NAV (per share) (Rs)15.97
P/E (x)
RoNW (%)7.97
P/BV Ratio
Company NameSbi Life Insurance Company Ltd
EPS (Basic)24.09
EPS (Diluted)24.09
NAV (per share) (Rs)169.49
P/E (x)74.16
RoNW (%)15.13
P/BV Ratio10.56
Company NameHdfc Life Insurance Company Ltd
EPS (Basic)8.41
EPS (Diluted)8.41
NAV (per share) (Rs)75.03
P/E (x)90.27
RoNW (%)11.75
P/BV Ratio10.12
Company NameIcici Prudential Life Insurance Company Ltd
EPS (Basic)8.21
EPS (Diluted)8.16
NAV (per share) (Rs)82.57
P/E (x)73.66
RoNW (%)10.34
P/BV Ratio7.33
IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 11,79,75,000 (49.67%) | NA |
| − Anchor Investor Shares Offered | 7,07,85,000 (29.80%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 4,71,90,000 (19.87%) | NA |
| NII (HNI) Shares Offered | 3,53,92,500 (14.90%) | NA |
| − bNII > ₹10L | 2,35,95,000 (9.93%) | 12,038 |
| − sNII < ₹10L | 1,17,97,500 (4.97%) | 6,019 |
| Retail Shares Offered | 8,25,82,500 (34.77%) | 5,89,875 |
| Employee Shares Offered | 15,50,000 (0.65%) | NA |
| Total Shares Offered | 23,75,00,000 (100.00%) |
Investor CategoryQIB Shares Offered
Shares Offered11,79,75,000 (49.67%)
Maximum AllotteesNA
Investor Category− Anchor Investor Shares Offered
Shares Offered7,07,85,000 (29.80%)
Maximum AllotteesNA
Investor Category− QIB (Ex. Anchor) Shares Offered
Shares Offered4,71,90,000 (19.87%)
Maximum AllotteesNA
Investor CategoryNII (HNI) Shares Offered
Shares Offered3,53,92,500 (14.90%)
Maximum AllotteesNA
Investor Category− bNII > ₹10L
Shares Offered2,35,95,000 (9.93%)
Maximum Allottees12,038
Investor Category− sNII < ₹10L
Shares Offered1,17,97,500 (4.97%)
Maximum Allottees6,019
Investor CategoryRetail Shares Offered
Shares Offered8,25,82,500 (34.77%)
Maximum Allottees5,89,875
Investor CategoryEmployee Shares Offered
Shares Offered15,50,000 (0.65%)
Maximum AllotteesNA
Investor CategoryTotal Shares Offered
Shares Offered23,75,00,000 (100.00%)
Maximum Allottees
Information about company
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).
Competitive Strenghts
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
Objectives of IPO
The Company Canara HSBC Life IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
S.No.
Objects of the Issue
Expected Amount (₹ in crores)
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
Disclaimer
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