Canara HSBC Life Insurance Company Limited IPO

Canara HSBC Life Insurance Company Limited IPO

Mainboard NSE & BSE 100% Book Built Offer
Closed

Price Band

₹100 - ₹106

Total Issue

₹2,517.50 Cr

Bid Dates

10 Oct - 14 Oct

Subscription

2.29x

Est. GMP

₹3 (2.83%)

Website RHP Check Allotment

Tentative Timetable

Open
Close
Allotment
Refunds
Credit
Listing

Business Overview

Canara HSBC is a private life insurer in India, promoted by Canara Bank—ranked as the fourth largest public sector bank by total assets in India as of March 31, 2025, according to the CRISIL Report—and HSBC Insurance (Asia-Pacific) Holdings Limited, part of the globally reputed HSBC Group. As per the CRISIL Report, the company recorded the third-highest growth in individual weighted premium income among bank-led insurers between Fiscal 2022 and 2025, and the second-highest year-on-year growth within its Peer Set for Fiscal 2025. Its market share stood at 1.81% as of March 31, 2025, based on individual weighted premium income.

Lot Info

Lot Information for Canara HSBC IPO
Category 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

Category Reservation

QIB 50%
NII 15%
Ret 35%
Employee
1550000 EQ Shares

Issue Size

Total ₹2,517.50 Cr
Fresh Issue
₹0.00 (0.00 Shares)
Offer For Sale
₹2,517.50 Cr (23.75 Cr Shares)

Objects of Issue

The issue is a complete Offer for Sale (OFS). The company will not receive any funds from the issue, entire proceeds will be received by the Selling Shareholder(s).

Grey Market Premium

GMP ₹3
Est. Price ₹109
Est. Gain 2.83%

Canara HSBC IPO Peer Comparison

  • All information pertains to FY 2024-25.
  • The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of October 3, 2025 for Peers

Financial Performance

(Rs. in crores)

Financial Performance Metrics for Canara HSBC IPO
Particulars June 25 March 25 March 24 March 23
Revenue from Operations 1,747.23 8,027.46 7,128.70 7,197.38
Profit after Tax 23.41 116.98 113.32 91.19
Net Worth 1,540.28 1,516.86 1,418.88 1,353.07
Total Borrowing 0.00 0.00 0.00 0.00
Total Assets 0.00 0.00 0.00 0.00
NAV per share (in ₹) 16.21 15.97 14.94 14.24
EPS - Basic (in ₹) 0.25 1.23 1.19 0.96

KPIs

1

A1

2

A2

3

A3

  • All the data pertains to FY 2024-25.
  • PE, PB, and market capitalization are calculated based on the Upper Price Band.

Shareholding

Promoter

77.00%

Public

23.00%

Canara Bank 51.00%
HSBC Insurance 26.00%

Management

Anuj Mathur MD & CEO
Satyanarayana Kalidindi Chairman
Tarun Rustagi CFO

Registrar & Lead Managers

Registrar

KFin Technologies

KFin Technologies

Subscription Status

Updated as on 14-Oct-2025 19:00:00

Mainboard Subscription Status for Canara HSBC IPO
Category Sub (x) Offered Bids
QIB 7.05 4,71,90,000 33,28,94,520
NII 0.33 3,53,92,500 1,17,54,540
bHNI 0.28 2,35,95,000 65,80,700
sHNI 0.44 1,17,97,500 51,73,840
Retail 0.42 8,25,82,500 3,43,23,940
Employee 2.06 15,50,000 31,89,200
Total 2.29 16,67,15,000 38,21,62,200

Frequently Asked Questions

What is Canara HSBC IPO?
Canara HSBC IPO is a Mainboard IPO having an issue size of ₹2,517.50 Crs. Canara HSBC IPO is priced at ₹100 - ₹106 per share. The issue opens on 10 Oct 25 and closes on 14 Oct 25.
When will Canara HSBC IPO open?
Canara HSBC IPO opens on 10 Oct 25 and closes on 14 Oct 25.
What is the GMP of Canara HSBC IPO?
The estimated Grey Market Premium of Canara HSBC IPO is ₹3 per share (2.83%).
What is the lot size of Canara HSBC IPO?
The minimum lot size of Canara HSBC IPO is 140 shares & the minimum application amount is Rs. 14840.
When is the allotment of Canara HSBC IPO?
The allotment date of Canara HSBC IPO is 15 Oct 25.
What is the listing date of Canara HSBC IPO?
The listing date of Canara HSBC IPO is 17 Oct 25.
What is the subscription of Canara HSBC IPO?
Canara HSBC IPO is subscribed 2.29 times.
What is the price band of Canara HSBC IPO?
Canara HSBC IPO is priced at ₹100 - ₹106 per share.
How to check allotment status of Canara HSBC IPO?
Click the allotment link on Canara HSBC IPO page of IPO360.
How to apply Canara HSBC IPO in Zerodha?
  1. Go to Kite App → Tap on Bids → Tap on IPO
  2. Select the IPO → Tap on apply → Enter UPI ID
  3. Enter Qty and Price
  4. Submit the application
  5. Approve the UPI Mandate on your UPI app
How to apply Canara HSBC IPO in Groww?
  1. Go to Groww App → Stocks Section → Select IPO option
  2. Select the IPO you want to apply
  3. Enter your bid details and price
  4. Enter UPI ID & submit
  5. Approve the UPI Mandate on your UPI app
How to apply Canara HSBC IPO using ASBA?
  1. Log in to your bank's net banking portal.
  2. Navigate to the 'IPO' or 'ASBA' section.
  3. Select Canara HSBC IPO from the list of available IPOs.
  4. Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
  5. Submit the application.
  6. Money will remain blocked till the refund date