Bookbuilding IPO | ₹2,518 Cr | Listed at BSE, NSE | Fri, Oct 10, 2025 - Tue, Oct 14, 2025
Canara HSBC Life IPO is a book build issue of ₹2,517.50 crores. The issue is entirely an offer for sale of 23.75 crore shares of ₹2,517.50 crore.
Canara HSBC Life IPO bidding started from Oct 10, 2025 and ended on Oct 14, 2025. The allotment for Canara HSBC Life IPO was finalized on Oct 15, 2025. The shares got listed on BSE, NSE on Oct 17, 2025.
Canara HSBC Life IPO price band is set at ₹106 per share. The lot size for an application is 140. The minimum amount of investment required by an retail is ₹14,840 (140 shares) (based on upper price). The lot size investment for sNII is 14 lots (1,960 shares), amounting to ₹2,07,760, and for bNII, it is 68 lots (9,520 shares), amounting to ₹10,09,120.
The issue includes a reservation of up to 15,50,000 shares for employees offered at a discount of ₹10.00 to the issue price.
SBI Capital Markets Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Canara HSBC Life IPO RHP for detailed Information.
IPO Open
Fri, Oct 10, 2025
IPO Close
Tue, Oct 14, 2025
Issue Price
₹106 per share
Market Cap (Pre-IPO)
₹10,070.00 Cr
| IPO Date | 10 to 14 Oct, 2025 |
| Listed on | Fri, Oct 17, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹100 to ₹106 |
| Issue Price | ₹106 per share |
| Lot Size | 140 Shares |
| Sale Type | OFS only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Employee Discount | ₹10.00 |
| Total Issue Size | 23,75,00,000 shares (agg. up to ₹2,518 Cr) |
| Offer for Sale | 23,75,00,000 shares of ₹10 (agg. up to ₹2,518 Cr) |
| Share Holding Pre Issue | 95,00,00,000 shares |
| Share Holding Post Issue | 95,00,00,000 shares |
| BSE Script Code / NSE Symbol | 544583 / CANHLIFE |
| ISIN | INE01TY01017 |
Canara HSBC Life IPO offers total 23,75,00,000 shares. Out of which 11,79,75,000 (49.67%) allocated to QIB, 4,71,90,000 (19.87%) allocated to QIB (Ex- Anchor), 3,53,92,500 (14.90%) allocated to NII 8,25,82,500 (34.77%) allocated to RII and 7,07,85,000 (29.80%) allocated to Anchor investors.
| Investor Category | Shares Offered | Max 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%) |
Investors can bid for a minimum of 140 shares and in multiples thereof.
| 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 |
Canara HSBC Life IPO raises ₹750.32 crore from anchor investors. Canara HSBC Life IPO Anchor bid date is October 9, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Thu, Oct 9, 2025 |
| Shares Offered | 7,07,85,000 |
| Anchor Portion (₹ Cr.) | 750.32 |
| Anchor lock-in period end date for 50% shares (30 Days) | Thu, Nov 13, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Mon, Jan 12, 2026 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
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:
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 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
Canara HSBC Life Insurance Co.Ltd.'s revenue decreased by 3% and profit after tax (PAT) rose by 3% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 44,047.98 | 41,852.09 | 37,815.80 | 30,548.89 |
| Total Income | 42.35 | 234.01 | 240.88 | 261.59 |
| Profit After Tax | 23.41 | 116.98 | 113.32 | 91.19 |
| EBITDA | 31.28 | 149.91 | 146.56 | 118.82 |
| NET Worth | 1,540.28 | 1,516.86 | 1,418.88 | 1,353.07 |
| Reserves and Surplus | 590.28 | 566.86 | 468.88 | 403.07 |
| Amount in ₹ Crore | ||||
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 7.71% |
| RoNW | 7.97% |
| Price to Book Value | 6.64 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 1.23 | 0.99 |
| P/E (x) | 86.08 | 107.53 |
| Promoter Holding | 77% | 62% |
| Market Cap | ₹10,070.00 Cr. |
The Canara HSBC Life IPO is subscribed 2.30 times on October 14, 2025 5:04:41 PM (Day 3). The public issue subscribed 0.42 times in the retail category, 7.05 times in the QIB category, and 0.33 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB (Ex Anchor) | 7.05 | 4,71,90,000 | 33,28,94,520 |
| NII | 0.33 | 3,53,92,500 | 1,17,54,540 |
| bNII (bids above ₹10L) | 0.28 | 2,35,95,000 | 65,80,700 |
| sNII (bids below ₹10L) | 0.44 | 1,17,97,500 | 51,73,840 |
| Retail | 0.42 | 8,25,82,500 | 3,47,89,020 |
| Employee | 2.06 | 15,50,000 | 31,87,800 |
| Total | 2.30 | 16,67,15,000 | 38,26,25,880 |
Total Application : 1,75,204
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | BRLMs’ fees and commissions (including underwriting commission, brokerage & selling commission and printing and stationary expenses) | 34.76 |
| 2 | Selling commission/ processing fee for SCSBs, Sponsor Banks and fee payable to Sponsor Banks for Bids made by RIBs | 0.21 |
| 3 | Brokerage and selling commission and bidding/uploading charges payable to members of the Syndicate (including their Sub-Syndicate Members), RTAs, CDPs and Registered Brokers | 1.53 |
| 4 | Fees payable to Registrar of the Offer | 0.02 |
| 5 | Fees payable to other parties, including but not limited to Joint Statutory Auditors, industry expert and Independent Actuary | 5.36 |
| 6 | Listing fees, SEBI fees, upload fees, BSE and NSE processing fees, book-building software fees and Depository charges | 7.15 |
| 7 | Advertising and marketing expenses | 8.18 |
| 8 | Fees payable to legal counsel | 5.77 |
| 9 | Miscellaneous (comprising fees payable to strategic advisors and additional intermediaries, if any, chartered accountant(s) and company secretary that may be appointed in the course of Offer) | 4.85 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹106.00 | ₹106.00 |
| Open | ₹106.00 | ₹106.00 |
| Low | ₹105.95 | ₹106.00 |
| High | ₹112.75 | ₹112.80 |
| Last Trade | ₹111.50 | ₹111.42 |
Canara HSBC Life IPO is a main-board IPO of 23,75,00,000 equity shares of the face value of ₹10 aggregating up to ₹2,518 Crores. The issue is priced at ₹106 per share. The minimum order quantity is 140.
The IPO opens on Fri, Oct 10, 2025, and closes on Tue, Oct 14, 2025.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Canara HSBC Life IPO using UPI as a payment gateway. Zerodha customers can apply in Canara HSBC Life IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Canara HSBC Life IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Canara HSBC Life IPO opens on Fri, Oct 10, 2025 and closes on Tue, Oct 14, 2025.
Canara HSBC Life IPO lot size is 140, and the minimum amount required for application is ₹14,840.
You can apply in Canara HSBC Life IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Canara HSBC Life IPO will be done on Wednesday, October 15, 2025, and the allotted shares will be credited to your demat account by Thu, Oct 16, 2025. Check the Canara HSBC Life IPO allotment status.
The Canara HSBC Life IPO listing date is on Fri, Oct 17, 2025.
