- Issue price
- ₹106per share
- Issue size
- ₹2,515.95 Cr23,75,00,000 shares
- Face value
- ₹10per equity share
- Lot size
- 140 sharesMin. ₹14,840 at the upper price
- Anchor biddingThu, 2025
- OpensFri, 2025
- ClosesTue, 2025
- AllotmentThu, 2025Refunds same day
- ListingFri, 2025
Dates marked in the offer document as tentative. Times in IST.
Information only, not investment advice. This page provides information compiled from official offer documents for information purposes only. It is not investment advice or a recommendation to apply for, buy or sell any security. We are not a SEBI-registered investment adviser or research analyst. Investments in IPOs are subject to market risks; read the offer document carefully before investing.
Issue details
- Issue type
- Book built, fresh issue and offer for sale
- Fresh issue
- 0 shares
- Offer for sale
- 23,75,00,000 shares (₹2,515.95 Cr)
- Total issue
- 23,75,00,000 shares (₹2,515.95 Cr)
- Face value
- ₹10
- Listing at
- NSE, BSE
- Promoter holding
- 77.00% → 62.00%
Source: ProspectusUpdated
Reservation
Share of the total issue- Retail34.8%
- Anchor29.8%
- QIB ex-anchor19.9%
- NII14.9%
- Employees0.7%
| Category | Shares | Of net offer | Stated in RHP |
|---|---|---|---|
| Retail individual investors | 8,25,82,500 | 34.77% | 35% |
| Non-institutional investors (NII) | 3,53,92,500 | 14.90% | 15% |
| QIB, excluding anchor | 4,71,90,000 | 19.87% | — |
| Anchor investors | 7,07,85,000 | 29.80% | — |
| Employees | 15,50,000 | 0.65% | — |
Source: ProspectusUpdated
Lot size
Amounts at ₹106 per share| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail individual investors | 1 | 140 | ₹14,840 |
Source: ProspectusUpdated
Special quotas
- Employees
- ₹10 discount per share
Source: ProspectusUpdated
Subscription
Category-wise subscription is published by the exchanges while the issue is open. It appears here once the figures are added.
Valuation
FY 2024-25, pre-issue- EPS (basic)
- ₹1.23
- EPS (diluted)
- ₹1.23
- P/E (FY 2024-25 at cap price)
- 86.18×
- RoNW
- 7.97%
- NAV per share (As of June 30, 2025)
- ₹16.21
- Debt to equity (As of June 30, 2025)
- 0.00
Source: ProspectusUpdated
Financials
Standalone, restated · ₹ crore| Period ended | 30 Jun 20253 months | 31 Mar 2025FY 2024-25 | 30 Jun 20243 months | 31 Mar 2024FY 2023-24 | 31 Mar 2023FY 2022-23 |
|---|---|---|---|---|---|
| Revenue from operations | 1,747.23 | 8,027.46 | 1,388.32 | 7,128.70 | 7,197.38 |
| Total income | 3,612.81 | 10,626.40 | 3,066.66 | 11,755.72 | 8,354.49 |
| EBITDA | 31.28 | 149.91 | 27.40 | 146.56 | 118.82 |
| Profit after tax | 23.41 | 116.98 | 18.70 | 113.32 | 91.19 |
| Net worth | 1,540.28 | 1,516.86 | 1,437.58 | 1,418.88 | 1,353.07 |
| Reserves and surplus | 590.28 | 566.86 | 487.58 | 468.88 | 403.07 |
| Total assets | 44,047.98 | 41,852.09 | 37,995.97 | 37,815.80 | 30,548.89 |
FY 2024-25 vs FY 2023-24: revenue +12.6%, profit after tax +3.2%. Periods shorter than 12 months are shown as reported and are not annualised.
Source: ProspectusUpdated
About the company
A private life insurer promoted by Canara Bank and HSBC Insurance (Asia-Pacific) Holdings, selling individual and group life insurance products such as savings, protection, retirement and group credit plans. Its main distribution channel is bancassurance through its promoter banks and other partners.
- Incorporated
- 2007
- Industry
- Life Insurance
- Sector
- Financial Services
- CIN
- U66010DL2007PLC248825
- Website
- canarahsbclife.com
Source: ProspectusUpdated
Promoters and shareholders
| Name | Type | Before issue | After issue | Shares offered |
|---|---|---|---|---|
| Canara Bank | Promoter | 51.00% | 36.50% | 13,77,50,000 |
| HSBC Insurance (Asia-Pacific) Holdings Limited | Promoter | 26.00% | 25.50% | 47,50,000 |
| Punjab National Bank | Selling shareholder | 23.00% | 13.00% | 9,50,00,000 |
Source: ProspectusUpdated
Objects of the issue
₹ crore| Purpose | Amount |
|---|---|
| Listing benefits such as visibility and a public market for the shares | Set with price |
| Offer for sale by the selling shareholders; company receives no proceeds | 2,515.95 |
Source: ProspectusUpdated
Peer comparison
As listed in the offer document| Company | EPS | P/E | RoNW | NAV per share |
|---|---|---|---|---|
| SBI Life Insurance Company Limited | ₹24.09 | 74.16× | 15.13% | ₹169.49 |
| HDFC Life Insurance Company Limited | ₹8.41 | 90.27× | 11.75% | ₹75.03 |
| ICICI Prudential Life Insurance Company Limited | ₹8.21 | 73.66× | 10.34% | ₹82.57 |
| Canara HSBC Life Insurance Company LimitedIssuer | ₹1.23 | 86.18× | 7.97% | ₹15.97 |
Source: ProspectusUpdated
Strengths and risks
Our summary of what the offer document statesStrengths
- Backed by promoters Canara Bank and HSBC, supporting brand credibility.
- Bancassurance-led distribution with access to a large branch network.
- Solvency ratio of 200.42% as at June 30, 2025, above the 150% regulatory requirement.
- Profit after tax has grown since Fiscal 2023.
- High digital processing share in policy applications.
Risks
- Heavy dependence on bancassurance partners, mainly Canara Bank and HSBC India.
- Persistency and surrenders could adversely affect cash flows and profitability.
- Contingent liabilities of ₹3,198.89 million as at June 30, 2025, including tax disputes.
- Significant outstanding litigation involving the promoter Canara Bank.
- Some corporate records relating to past share allotments are not traceable.
Source: ProspectusUpdated
Documents
Contacts
Source: ProspectusUpdated
Allotment status
Check whether shares were allotted on the official pages below, using your PAN, application number or DP/client ID. Results appear once the basis of allotment is finalised.
- Allotment
- Refunds
- Listing
Source: ProspectusUpdated
After listing
Listing price, day-one high and low, and the change from the issue price (₹106) appear here after the shares list on NSE and BSE.
Work out the gain or loss on allotted shares after charges and tax →
Frequently asked questions
When does the Canara HSBC Life Insurance Company IPO open and close?
According to the Prospectus, the issue opens on Friday, 10 October 2025 and closes on Tuesday, 14 October 2025.
What is the Canara HSBC Life Insurance Company IPO price band?
The final issue price is ₹106 per share.
What is the lot size of the Canara HSBC Life Insurance Company IPO?
One lot is 140 shares, which is ₹14,840 at ₹106 per share.
Where will Canara HSBC Life Insurance Company shares list?
On NSE and BSE. The tentative listing date is Friday, 17 October 2025.
Who is the registrar of the issue?
KFin Technologies Limited (SEBI registration INR000000221). Allotment status is checked on the registrar's website.
How do I check the Canara HSBC Life Insurance Company IPO allotment status?
The basis of allotment is expected to be finalised on Thursday, 16 October 2025. After that, search by PAN, application number or DP/client ID on the registrar's website (KFin Technologies Limited), the NSE website or the BSE website. Shares that are allotted are credited to your demat account; for an application that is not allotted, the blocked amount is released.
How will the money raised be used?
₹2,515.95 Cr for offer for sale by the selling shareholders; company receives no proceeds, and the rest for the other stated purposes.
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Spotted something wrong?
Our data comes from official offer documents, but mistakes can slip through. Report an error and tell us which figure looks wrong and where you saw the correct one (the offer-document page number helps). For anything else, see Contact.