Canara HSBC Life Insurance Co. Limited
Bookbuilding IPO · NSE, BSE
- Price band
- ₹100 - ₹106
- Lot size
- 140 shares
- Issue amount
- ₹2,517.5 cr
- Total subscription
- 2.29×
- Opens
- 10 Oct 2025
- Closes
- 14 Oct 2025
- Allotment
- 15 Oct 2025
- Listing
- 17 Oct 2025
Offer at a glance
Issue overview
- Issue size
- 23,75,00,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹14,000
- Fresh issue
- ₹0 cr
- Offer for sale
- ₹2,517.5 cr
- Registrar
- Kfin Technologies Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,840
- Issue type
- Bookbuilding IPO
- Shares before issue
- 95,00,00,000
- Shares after issue
- 95,00,00,000
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail | 1 | 140 | ₹14,840 |
| sHNI | 14 | 1,960 | ₹2,07,760 |
| bHNI | 68 | 9,520 | ₹10,09,120 |
Share reservation
Subscription & GMP
Subscription by category
Reported 14 Oct 2025
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| RETAIL | 5,89,875 | 1,67,289 |
| EMPLOYEES | 0 | 9,119 |
| HNIs(10L +) | 12,038 | 487 |
| HNIs (2-10L) | 6,019 | 2,139 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 500.21 | 3,528.68 |
| FIIs | 0 | 1,226.55 |
| FIs | 0 | 96.54 |
| Mutual Funds | 0 | 2,203.19 |
| Others | 0 | 2.41 |
| RETAIL | 875.37 | 363.83 |
| NIB | 375.16 | 124.6 |
| HNIs 2+ | 125.05 | 54.84 |
| HNIs 10+ | 250.11 | 69.76 |
| EMPLOYEES | 16.43 | 33.81 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 1.23 | 1.19 | 0.96 |
| ROE | 0 | 0 | 0 |
| ROCE | 0 | 0 | 0 |
| RONW | 7.97 | 8.18 | 6.9 |
| PRE IPO(PE) | 0 | 0 | 0 |
| POST IPO(PE) | 0 | 0 | 0 |
Values and labels as reported in the issue data.
Peer comparison
| Company | P/E(X) | CMP* (₹) | Face value (₹) | NAV/Share (₹) | RONW(%) | EPS (Basic) (₹) |
|---|---|---|---|---|---|---|
| Canara HSBC Life Insurance Company | NA | NA | 10.00 | 15.97 | 7.97 | 1.23 |
| SBI Life Insurance Company Limited | 74.16 | 1,785.10 | 10.00 | 169.49 | 15.13 | 24.09 |
| HDFC Life Insurance Company Limited | 90.27 | 759.2 | 10.00 | 75.03 | 11.75 | 8.41 |
| ICICI Prudential Life Insurance Company Limited | 73.66 | 601.1 | 10.00 | 82.57 | 10.34 | 8.21 |
Company information
Company profile
Canara HSBC Life Insurance Company Limited, incorporated in 2007, is a private life insurer in India jointly promoted by Canara Bank and HSBC Insurance (Asia-Pacific) Holdings. The company offers individual life insurance plans, group insurance solutions, retirement and pension products, government schemes like PMJJBY, and digital insurance through partnerships with platforms like Policybazaar and Robinhood Insurance. Its portfolio includes 20 individual products, 7 group products, and 2 optional riders. Between April and December 2024, around 72% of eligible policy applications were processed automatically, with over 99% completed online. The company distributes its products through bancassurance, brokers, corporate agents, direct sales, and digital platforms, with bancassurance as the primary channel, reaching over 15,700 branches and 117 million customers via Canara Bank alone as of March 31, 2025.
Strengths
- Trusted Backing: Supported by Canara Bank and HSBC Insurance, leveraging strong brand trust for business growth.
- Wide Product Range: Offers individual, group, and rider products covering protection, savings, and retirement, with strong market positioning.
- Tech-Enabled Operations: Advanced AI, automation, and analytics improve efficiency, turnaround times, and risk management.
Risk factors
- Reliance on Bancassurance Partners: Termination or performance decline of Canara Bank or HSBC India agreements could significantly affect business growth.
- Persistency Risk: Poor persistency or large-scale policy surrenders may impact financial health and cash flow.
- Regulatory Risk: Adverse regulatory changes or non-compliance could disrupt operations and lead to penalties.
Promoters
Canara Bank
HSBC Insurance (Asia-Pacific)
Registrar & documents
Lead manager
Bnp Paribas, Hsbc Securities & Capital Markets Private Limited, Jm Financial Limited, Motilal Oswal Investment Advisors Limited, SBI Capital Markets Limited
Registrar & contacts
Kfin Technologies Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
8 th Floor, Unit No. 808- 814, Ambadeep Building, Kasturba Gandhi Marg, Connaught Place, Central Delhi Delhi, New Delhi, 110001
+91 01244506761
[email protected]Company website ↗Understanding CANHLIFE IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.