Canara HSBC Life Insurance Co.Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 117,975,000 (50%) | — | ₹125,054 Cr |
| NII (HNI) | — | 35,392,500 (15%) | — | ₹37,516 Cr |
| Retail | — | 82,582,500 (35%) | — | ₹87,537 Cr |
| Σ Total | — | 237,500,000 (100%) | — | ₹2,517,500 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 140 | ₹14,840 |
| Retail (Max) | 13 | 1,820 | ₹192,920 |
| S-HNI (Min) | 14 | 1,960 | ₹207,760 |
| B-HNI (Min) | 67 | 9,380 | ₹994,280 |
Financial Statements Amount in ₹ Crore
| Metric | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Revenue | 42 | 234 | 241 |
| EBITDA | 31 | 150 | 147 |
| Profit After Tax | 23 | 117 | 113 |
| Net Worth | 1,540 | 1,517 | 1,419 |
| Total Assets | 44,048 | 41,852 | 37,816 |
| Reserves & Surplus | 590 | 567 | 469 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 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 –
- Achieve the benefits of listing the Equity Shares on the Stock Exchanges –
Company Overview
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:
- Individual Life Insurance (Savings, Endowment, Term Plans)
- Group Insurance Solutions (Credit Life, Protection Plans)
- Retirement & Pension Products
- Government Schemes (PMJJBY)
- Digital Insurance Distribution & Embedded Insurance Partnerships
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 (including Canara Bank, HSBC, 8 Regional Rural Banks, Dhanlaxmi Bank)
- Brokers and Corporate Agents
- Direct Sales and Digital Platforms
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
- Established parentage and a trusted brand amplifying customer attraction
- Multi-channel distribution network with PAN-India presence
- Long term value creation driven by consistent and profitable financial performance
- Diversified product portfolio
- Technology integrated business platform with strong focus on automation and digital analytics
- Experienced management team supported by a team of dedicated professionals