canara hsbc life insurance company limited IPO
IPO Overview
Canara hsbc life insurance company limited IPO is a Mainboard public issue offered through a Book Building issue with a total issue size of ₹2,517.50 Cr. The IPO price band is set at ₹100 to ₹106 per share, and retail investors can apply with a minimum investment of ₹14.8K as per IPO guidelines.
The Canara hsbc life insurance company limited IPO opens on 10 Oct 2025 and closes on 14 Oct 2025. The IPO allotment is expected to be finalized on 15 Oct 2025, and the equity shares are proposed to be listed on BSE, NSE on 17 Oct 2025.
Investors can refer to the Canara hsbc life insurance company limited IPO RHP-DRHP for detailed information. The issue is managed by SBI Capital Markets Ltd.,BNP Paribas,HSBC Securities,Capital Markets (India) Pvt.Ltd.,JM Financial Ltd.,Motilal Oswal Investment Advisors Ltd. as the book running lead manager, while Kfin Technologies Limited is the registrar to the IPO. Before investing, market participants often review IPO details, valuation, PE ratio, financials, and risk factors.
About Company
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
Investment Objective
Achieve the benefits of listing the Equity Shares on the Stock Exchanges