Canara HSBC Life Insurance IPO Details

Introduction

Canara HSBC Life Insurance Company Limited—a leading Indian private life insurer backed by Canara Bank and HSBC—is coming to the stock market with its much-awaited initial public offering (IPO) from October 10–14, 2025. The company has built a strong multi-channel distribution, broad rural reach through partner banks, and a product mix spanning protection, savings, pension, and health plans. Positioned among India’s fastest-growing bancassurance-led insurers, Canara HSBC is offering equity investors access to India’s high-potential life insurance story.

IPO Details at a Glance

• IPO Dates: October 10–14, 2025
• Price Band: ₹100–₹106 per share
• Issue Size: ₹2,517.5 crore (Offer for Sale; 23.75 crore shares)
• Lot Size: 140 shares (min. investment: ₹14,840 at upper band)
• Listing: October 17, 2025 (NSE, BSE)
• Lead Managers: BofA Securities, ICICI Securities, HSBC Securities, JM Financial, SBI Capital Markets
• Offer Structure: 50% QIB, 35% Retail, 15% NII. Employee discount: ₹10 per share.
• Objects: 100% OFS—no fresh funds; proceeds to Canara Bank, HSBC, & Punjab National Bank.

Business Model & Performance Snapshot

Founded in 2007, Canara HSBC Life is promoted by Canara Bank (51%) and HSBC Insurance (APAC) Holdings (26%), with Punjab National Bank as an investor. It offers life, savings, retirement, and health plans, with a major focus on:

• Bancassurance: Access to 15,700+ branches (incl. Canara Bank, HSBC, multiple RRBs, Dhanlaxmi Bank)
• Multi-channel sales: Direct, insurance brokers, digital, and group business
• Diversified portfolio: 20 individual/7 group products, 2 optional riders, PMJJBY policies

 

Company Financials

Canara HSBC Life Insurance Co.Ltd. Financial Information (Restated)

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

 

Objective of the Issue (Canara HSBC Life IPO Objectives)

The Company Canara HSBC Life IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:

S.No.	Objects of the Issue
1	To carry out the Offer for Sale of up to 237,500,000 Equity Shares of face value of ₹10 each by the Selling Shareholders aggregating up to ₹[●] million; and
2	Achieve the benefits of listing the Equity Shares on the Stock Exchanges

 

Strengths

• Strong public sector bank pedigree and global brand partner (HSBC)
• Expansive partner branch network for rural and urban penetration
• Proven product innovation in ULIPs, protection, annuities, and health
• Consistently high claim settlement and solvency ratios
• Among highest embedded value growth among peers

Risks

• Entirely an OFS: Proceeds benefit existing shareholders, not core business expansion
• Highly competitive sector—private life insurers, banks, digital start-ups
• Performance dependent on bancassurance, which could be disrupted by channel or regulation changes
• Profit growth moderate compared to market leaders
• Regulatory uncertainties and market-linked valuation risks

Final Thought :-

Canara HSBC Life Insurance Company’s IPO opens the doors for investors to tap into India’s under-penetrated life insurance market through a uniquely bank-led, multi-channel franchise. For investors seeking growth from both urban and Bharat—this OFS marks a new milestone in the sector’s evolution.

FAQs

Q: When is the Canara HSBC Life IPO open?
A: October 10–14, 2025; listing on October 17.

Q: What’s the minimum bid and lot size?
A: 140 shares per lot; minimum investment ₹14,840 (upper band).

Q: Is this a fresh issue or entirely OFS?
A: 100% OFS—no fresh capital; all proceeds to selling shareholders.

Q: What’s unique about Canara HSBC’s business model?
A: Focused on bancassurance—access to 15,700+ branches, innovative retail/ULIP mix, healthy rural and semi-urban exposure.

Q: Who are the main promoters/shareholders?
A: Canara Bank (51%), HSBC Insurance (Asia-Pacific) (26%), Punjab National Bank (investor/selling shareholder).

Q: What’s the claim settlement and solvency ratio?
A: ~99% claim settlement; solvency ~2.06 times as of June 2025 (well above minimum norms).