Backed by a rapid adoption of digital technology, through mobile applications and websites, the efficiency of the life insurance industry has increased rapidly. Bank-led life insurers witnessed a premium growth of 16.4% and 13.9% in 2023 and 2024, respectively, year-on-year. Moreover, the non-banking sector participants also witnessed a premium growth of 18.9% in 2024. The banking and non-banking players also recorded a compound annual growth rate of 18.3% and 14.7%, respectively, for new business premiums between 2014 and 2025.
Amidst this overall surge of the insurance landscape, specifically the life insurance landscape, Canara HSBC Life IPO is making a debut. This ₹2,517.50 Crore issue is making significant buzz. So, here is the ultimate Canara HSBC Life IPO analysis.
Canara HSBC Life IPO Details
Examine the Canara HSBC Life IPO price, size, date, and other important details for a thorough Canara HSBC Life IPO review.
| IPO Start Date | 10 September 2025 |
| End Date | 14 October 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹100 to ₹106 Per Share |
| Issue size | ₹2,517.50 Cr |
| Lot size | 140 Shares |
| Sale Type | Offer For Sale |
| Offer for Sale | ₹2,517.50 Cr |
| Fresh Issue | NA |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE and NSE |
| Total Issue Size (₹ Cr) | ₹2,517.50 Cr |
| Reserved for Market Maker | NA |
| Net Offered to Public | NA |
| Minimum Investment | ₹14,840 |
| Employee Discount | 10.00 |
Canara HSBC Life IPO Timeline
The timeline, which shows the issue opening, closure, and other pertinent facts, is another important feature of the Canara HSBC Life IPO details. We talk about them below.
| IPO Open Date | 10 September 2025 |
| IPO End Date | 14 October 2025 |
| Allotment (tentative) | 15 October 2025 |
| Initiation of Refunds | 16 October 2025 |
| Credit of Shares | 16 October 2025 |
| Tentative Listing Date | 17 October 2025 |
| Cut-off Time for UPI Mandate Confirmation | 14 October 2025 at 5 PM |
Canara HSBC Life IPO Grey Market Premium (GMP)
Explore the Canara HSBC Life IPO GMP today.
| Date | GMP (₹) | Estimated Listing Price |
| 07 Oct 2025 | ₹0 | ₹106 |
Canara HSBC Life IPO Reservation
Now that we have analysed the Canara HSBC Life IPO lot size, size, timeline, GMP and many other details, let us now explore the IPO reservation for distinct investor groups.
| Category | %Shares Offered |
| QIB | Maximum 50% of the net issue |
| NII | Minimum 35% of the net issue |
| Retail Shares Offered | Minimum 15% of the net issue |
| Total | 100% |
Canara HSBC Life IPO Key Performance Indicators
The table below shows the key financial indicators of Canara HSBC Life Mainboard IPO.
| Particulars | 31.03.2025 | 31.03. 2024 | 31.03. 2023 |
| ROE | 31.78 | 41.96 | 45.96 |
| ROCE | – | – | – |
| Debt to Equity Ratio | NA | NA | NA |
| RoNW | 7.97 | 8.18 | 6.90 |
| PAT Margin | 47.24 | 59.95 | 73.80 |
| EBITDA Margin | 65.49% | 63.45% | 98.65% |
| EPS | ₹ 1.23 | ₹ 1.19 | ₹ 0.96 |
Canara HSBC Life IPO Financials
Discussed below are some key financials of Canara HSBC Life that can help assess the Canara HSBC Life share price and other market details.
| Particulars | 31.03.2025 | 31.03. 2024 | 31.03. 2023 |
| Revenue | 2,340.11 | 2,408.77 | 2,615.89 |
| Total Asset | 418,520.89 | 378,157.97 | 305,488.87 |
| Profit | 1,169.81 | 1,133.17 | 911.94 |
(Amount in ₹ Million)
Canara HSBC Life IPO Lot Size
The next aspect of analysing the Canara HSBC Life IPO details India is its lot size.
| Application | Lot Size | Shares | Amount(in ₹) |
| Individual investors (Retail) (Min) | 1 | 140 | ₹14,840 |
| Individual investors (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 |
Canara HSBC Life IPO Promoter Holding
Discussed below is the post-issue and pre-issue promoter shareholding of the Canara HSBC Life IPO.
| Promoter Holding Pre-Issue | 62.93% |
| Promoter Holding Post Issue | – |
Listed below are the Canara HSBC Life promoters.
- HSBC Insurance (Asia-Pacific) Holdings Limited and
- Canara Bank
Canara HSBC Life IPO Anchor Investors Details
Discussed below are the anchor investor details of the Canara HSBC Life IPO.
| Bid Date | 9 October 2025 |
| Anchor Portion Size (In Cr.) | Undisclosed |
| Shares Offered | Undisclosed |
| Anchor lock-in period for 50% shares (30 Days)ends on | 8 November 2025 |
| Anchor lock-in period for remaining shares (90 Days) ends on | 7 January 2026 |
Canara HSBC Life IPO Prospectus
Investors can utilise the offer document links below to understand the Canara HSBC Life IPO details.
About Canara HSBC Life
Incorporated in 2007, the Canara HSBS Life is a private life insurer company, promoted by two reputed financial organisations, Canara Bank and HSBC Insurance (Asia-Pacific) Holdings Limited. According to Crisil, the company’s individual weighted premium income from Fiscal 2022 to Fiscal 2025 is placed third among its peers. Furthermore, it has the third-largest AUM among public sector bank-sponsored lead life insurance as of March 31, 2025.
Both individual and group life insurance are offered by the company. With benefits like multiple payout choices, customisation, investment Management, etc., the company has strived to address key customer needs.
Objectives of the Canara HSBC Life IPO
Since there is no fresh issue, the company will not gain any IPO proceeds from it for the utilisation in the company.
Strengths Of Canara HSBC Life IPO
- Brand Identity: The insurance company enjoys significant brand recall among customers, backed by a strong brand identity and customer loyalty enjoyed by the promoters.
- Distribution Network: The company offers both individual and group insurance through a multi-channel network, comprising brokers, corporate agents, direct sale outlets and bancassurance, resulting in a pan-India presence.
- Performance: The corporation was one of the life insurers to declare the quickest three straight years of profit, according to the Crisil report. Similar achievements show its commitment to long-term growth.
- Product Portfolio: The company offers a diversified portfolio, meeting distinct customer needs.
Risk of Canara HSBC Life IPO
- Bancassurance Channel: In 2025, they contributed 87.07% of new Business Premiums. Any termination or adverse change in Bancassurance agreements might impact business.
- Persistency Metrics: This metric measures the ability of a life insurer to retain the policyholders. Adverse variation of this metric or significant policy surrenders may impact profitability and cash flow.
- Complex Regulatory Environment: The company operates in a complex legal environment. Inability to meet compliance requirements can negatively impact the business.
- Inability to Maintain Growth: Unsuccessful implementation of growth strategies or inability to innovate products with customer needs may negatively impact the growth prospects.
Bottomline
Canara HSBC Life Insurance maintains significant brand recall in the growing life insurance space. The company has recorded several industry-leading performances according to Crisil Reports. However, operating in a complex legal environment and future uncertainties require optimal consideration before IPO investment. Moreover, parameters like the Canara HSBC Life IPO GMP change often. Therefore, investors must be abreast of the most recent advancements.
Other Recent IPO List
Check out some other key IPOs that are creating a buzz.
| Rubicon Research IPO | Greenleaf Envirotech IPO |
| Valplast Technologies IPO | Infinity Infoway IPO |
| Om Freight Forwarders IPO | Advance Agrolife IPO |
| Riddhi Display Equipments IPO | Saatvik Energy IPO |
Canara HSBC Life IPO FAQs
Canara HSBC Life is a life insurance company. The IPO opens on 10 October 2025 and closes on 14 October 2025. With a total issue size of ₹ 2,517.50 Crores, the IPO only has an offer for sale.
You can apply for the Canara HSBC Life IPO through the Zerodha website or app by following these steps. First, log in to the Zerodha website or app, go to ‘bids’, select ‘Canara HSBC Life IPO’, and click on ‘apply’. Next, pick the number of lots to apply, submit the form, and make a payment.
The IPO will open on 10 October 2025 for application. The UPI mandate cut-off is at 5 PM on the closing date, that is, 14 October 2025.
The Canara HSBC Life IPO lot size is 140 Shares. Moreover, the final issue price is between ₹100 to ₹106 per share. Therefore, a retail investor will require at least ₹14,840 to invest in the IPO.
Investment in the Canara HSBC Life IPO cannot be executed without a demat account. Therefore, investors must first open a demat account with a reliable platform. Then enter the quantity of shares to invest in, once the Canara HSBC Life IPO opens. Make the payment to submit the bid.
Canara HSBC Life IPO opens on 10 October 2025 for bids. It closes on 14 October 2025. Therefore, the tentative allotment date is 15 October 2025.
The tentative listing date for the Canara HSBC Life IPO is 17 October 2025, that is, Friday.
