Canara HSBC Life Insurance Company came to market through an IPO that opened on 10 October 2025 and closed on 14 October 2025, and the shares listed on 17 October 2025 on BSE, NSE. The price band was ₹100 to ₹106 per share and one lot was 140 shares, so the minimum application was ₹14,840. The issue size was ₹2517.5 crore.
The whole issue was an offer for sale, so the proceeds went to the selling shareholders rather than the company. Kfin Technologies Ltd was the registrar to the issue, and SBI Capital Markets Ltd, BNP Paribas, HSBC Securities & Capital Markets (India), JM Financial Ltd, Motilal Oswal Investment Advisors Ltd were the lead managers.
As of 14 October 2025.
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Established in 2007, Canara HSBC Life Insurance Company Limited is a private life insurance company in India, promoted jointly by Canara Bank and HSBC Insurance (Asia-Pacific) Holdings Limited. Canara HSBC Life Insurance has a portfolio that includes 17 individual products, 7 group products, and 2 optional riders, as well as policies under the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY). Between Fiscal 2021 and 2024, the company registered the third-largest individual weighted premium income (WPI) among bank-led insurers.
The organization has made good strides in digitalization by partnering with internet platforms such as Policybazaar and Robinhood Insurance. During April to December 2024, nearly 72% of online policy applications were processed automatically without any manual intervention, and over 99% were carried out online. Distribution Channels:
Bancassurance (including Canara Bank, HSBC, 8 Regional Rural Banks, Dhanlaxmi Bank) Brokers and Corporate Agents Direct Sales and Online Platforms Bancassurance is still the core channel of the company with access to more than 15,700 branches spread all over India. Canara Bank tie-up alone has an access to 117 million customers via 9,816 branches as on December 31, 2024
As described in the offer document.
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Canara HSBC Life Insurance raises more than Rs 750 crore through anchor book. International investors such as Ashoka WhiteOak, Allianz Global, Pictet, Amundi Funds, Marshall Wace Investment, Societe Generale, Integrated Core Strategies, Copthall Mauritius Investment, and Susquehanna Pacific took part in the anchor book.
Eight such mutual fund houses from the domestic institutional space, including ICICI Prudential Mutual Fund, HDFC AMC, Mirae Asset, DSP MF, WhiteOak Capital, Quant Mutual Fund, and Motilal Oswal AMC, also bought 4.26 crore shares of the insurance firm for Rs 452.55 crore.
Holdings Limited.
Work out the listing gain for this IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Canara HSBC Life Insurance Company IPO was a ₹2,517.5 crore book-built issue, made up entirely of an offer for sale. It was priced at ₹100–₹106 per share with a lot size of 140 shares (₹14,840). The IPO was open from October 10 to October 14, 2025 and was subscribed 2.29x. Shares listed on BSE and NSE on October 17, 2025 at ₹106, in line with the issue price of ₹106. Kfin Technologies Ltd is the registrar.
SBI Capital Markets Ltd and 4 other book running lead managers manage the issue.
The price band of Canara HSBC Life Insurance Company IPO is ₹100 to ₹106 per share.
The lot size of Canara HSBC Life Insurance Company IPO is 140 shares.
The minimum investment for Canara HSBC Life Insurance Company IPO is approximately ₹14,840 based on the upper price band.
The allotment date of Canara HSBC Life Insurance Company IPO is Oct 15, 2025.
Canara HSBC Life Insurance Company IPO's final recorded GMP before listing was ₹3 per share (a 3% premium over the ₹106 upper price band). The shares listed at ₹106. GMP is unofficial and does not forecast or guarantee the actual listing price.
Canara HSBC Life Insurance Company IPO listed on Oct 17, 2025. It was issued at ₹106.0(NSE) and is currently around ₹120.51 as on 2-Nov-2026 3:30 PM, which is approximately 13.7% versus issue price. The 52-week high is ₹166.69.
You can check Canara HSBC Life Insurance Company IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Canara HSBC Life Insurance Company IPO allotment status on Rupix for quick and easy access.
₹100 to ₹106 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 140 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹14,840.
₹14,840, for one lot of 140 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 10 October 2025 and closed on 14 October 2025.
The basis of allotment was published on 15 October 2025 by Kfin Technologies Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 17 October 2025 on BSE, NSE.
The issue size was ₹2517.5 crore. The offer for sale was 23,75,00,000 shares (aggregating up to ₹2517.5 crore).