IPO Details
Bidding Dates
10 Oct 25 - 14 Oct 25
Price Range ₹
100 - 106
Total Equity
₹ 2517.50Cr
Lot Size
140
Exchange Status
BSE,NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
0.42×
Qualified Institutional Buyers
7.05×
Employees
2.06×
Retail Investors
0.42×
Total subscription Rate
2.29×
IPO Timeline
Offer start
10 Oct 2025
Offer end
14 Oct 2025
Allotment
15 Oct 2025
Refund initiation
16 Oct 2025
Demat transfer
16 Oct 2025
Listing
17 Oct 2025
Offer start
10 Oct 2025
Offer end
14 Oct 2025
Allotment
15 Oct 2025
Refund initiation
16 Oct 2025
Demat transfer
16 Oct 2025
Listing
17 Oct 2025
About Company
Canara HSBC Life Insurance Company Limited, incorporated in 2007, is a private life insurer jointly promoted by Canara Bank and HSBC Insurance (Asia-Pacific) Holdings Limited. The company offers a wide range of individual and group life insurance products, including savings, protection, retirement, and pension plans, along with participation in government schemes such as the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY). It operates through multiple distribution channels bancassurance, brokers, corporate agents, and digital platforms with bancassurance being the core contributor. The company leverages the vast branch network of Canara Bank (over 9,800 branches), HSBC, and several Regional Rural Banks (RRBs), giving it access to over 117 million customers nationwide. Canara HSBC Life ranks among the top three bank-led life insurers in India in terms of individual Weighted Premium Income (WPI) between FY2021 and FY2025. Its product portfolio includes 20 individual products, 7 group plans, and 2 riders, supported by a robust technology-driven operating model focusing on automation and digital analytics.
Year Founded
25-09-2007
Promotor Details
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 77 | 0 |
| Share Capital | 731500000 | 0 |
Offer to Public
23,75,00,000.00 Cr
Project Details
- None - Nonecr
Objectives
- (i) to carry out the Offer for Sale of 237,500,000^ Equity Shares of face value of ?10 each by the Selling Shareholders aggregating to ?25,50 million(ii) achieve the benefits of listing the Equity Shares on the Stock Exchanges.
Highlights
- Supported by reputed promoters Canara Bank and HSBC Insurance providing financial stability, brand trust, and access to a large customer base.
- A well-established bancassurance model with over 15,700 partner branches ensures deep market penetration and consistent business inflow.
- Offers a balanced mix of protection, savings, and retirement plans, catering to both retail and institutional clients.
- The company’s focus on automation, analytics, and digital distribution enhances efficiency, customer experience, and scalability.
- Despite a fall in revenue, PAT grew by 7%, supported by disciplined expense management and better underwriting margins.
Challenges
- A 10% decline in income in FY2025 suggests pressure on premium inflows or investment returns.
- Heavy reliance on Canara Bank and HSBC for business sourcing increases channel concentration risk.
- Faces strong competition from HDFC Life, SBI Life, and ICICI Prudential, which have larger market shares and stronger brand recall.
- Being in the insurance sector, profitability and solvency are highly sensitive to IRDAI regulations, product caps, and policy changes.
- While improving, ROE and RoNW (around 7–8%) remain moderate compared to industry peers, signaling room for efficiency improvement.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2022 | 26,54,85,216.00 | 95,00,000.00 | -24,61,593.00 | NaN | 0 |
| 2023 | 30,54,88,864.00 | 95,00,000.00 | 6,61,949.00 | NaN | 0 |
| 2025 | 41,85,208.00 | 95,000.00 | -19,13,775.00 | NaN | 0 |
| 2021 | 21,81,24,960.00 | 95,00,000.00 | 12,60,043.00 | NaN | 0 |
| 2024 | 37,81,57,984.00 | 95,00,000.00 | 2,34,971.00 | NaN | 0 |
