Canara HSBC Life Insurance Company Limited, a leading private life insurer jointly promoted by Canara Bank and HSBC Insurance (Asia-Pacific) Holdings Limited, has launched its ₹2,517.50 crore Initial Public Offering (IPO), entirely as an Offer for Sale (OFS) (i.e., no fresh capital is being raised). The IPO opened for subscription on October 10, 2025, with a price band set between ₹100 and ₹106 per share. The subscription window will close on October 14, 2025, and the shares are scheduled to be listed on both the BSE and NSE on October 17, 2025.
Canara HSBC Life Insurance IPO Day 3 Subscription Status
On Day 3, the Canara HSBC Life Insurance Company IPO received a moderate response from investors, closing with an overall subscription of 2.05 times. The Qualified Institutional Buyers (QIB) category led the demand with a subscription of 7.05 times, indicating strong interest from institutional investors. The Non-Institutional Investors (NII) segment recorded a subscription of 0.33 times, showing limited participation from high-net-worth investors. Within this segment, the bNII (above ₹10 lakh) portion was subscribed 0.28 times, while the sNII (less than ₹10 lakh) portion saw a subscription of 0.44 times. The Retail Individual Investors (RII) category recorded a subscription of 0.42 times, reflecting a modest response from retail participants.
| Investor Category | Subscription (x) |
|---|---|
| Qualified Institutional Buyers (QIB) | 7.05 |
| Non-Institutional Investors (NII) | 0.33 |
| bNII (above ₹10 lakh) | 0.28 |
| sNII (less than ₹10 lakh) | 0.44 |
| Retail Individual Investors (RII) | 0.42 |
| Total Subscriptions | 2.05 |
Total Applications: 1,74,847
Total Bid Amount (₹ Crores): 4,055
How to Check Canara HSBC Life Insurance Co.Ltd IPO Allotment Status
Canara HSBC Life Insurance allotment can be easily checked online in two ways: from the Registrar’s website and from the BSE or NSE website. This IPO will be listed on both the exchanges – BSE and NSE, so the allotment status will be available to all investors on both platforms.
Method 1: Registrar’s website (Kfin Technologies Ltd.)
The most reliable way is to check the allotment from Kfin Technologies Ltd.’s website.
How to do:
- Visit Kfin Technologies Ltd.’s official website
- Select “Canara HSBC Life Insurance ” from the IPO list
- Enter your details PAN number, Application number, or DP/Client ID
- Click on Submit
- You will see the allotment status on the screen.
Method 2: Check from BSE or NSE’s website
If there is more traffic on the registrar’s website, allotment status can also be checked from BSE or NSE.
How to do:
- Visit BSE or NSE’s official website
- Select ‘Equity’ segment
- Select “Canara HSBC Life Insurance ” from the IPO list
- Enter PAN number and Application number
- Click on Search
Objective of the Canara HSBC Life Insurance
Canara HSBC Life Insurance will not receive any proceeds from the Offer. All funds raised through the Offer will go entirely to the Selling Shareholder, after deduction of Offer-related expenses and applicable taxes, which will be borne solely by the Selling Shareholder.
Canara HSBC Life Insurance GMP – Day 3 Update
The grey market premium (GMP) of Canara HSBC Life Insurance Company Limited IPO stood at ₹0 as of 5:00 PM on October 14, 2025 (Day 3). Considering the upper end of the price band at ₹106, the estimated listing price is around ₹106, indicating no gain (0%) per share.
| Date | GMP | Est. Listing Price | Gain |
|---|---|---|---|
| 14-10-2025 (Day 3) | ₹ | ₹106 | 0% |
Disclaimer: The above GMP (Grey Market Premium) is just unofficial market information, which is not officially confirmed. These figures are shared for informational purposes only and investment decisions based on these should be based on the investor’s own research and discretion. We do not conduct, recommend or support any kind of transaction in the grey market.
Canara HSBC Life Insurance – Key Details
| Particulars | Details |
|---|---|
| IPO Opening Date | October 10, 2025 |
| IPO Closing Date | October 14, 2025 |
| Issue Price Band | ₹100 to ₹106 per share |
| Total Issue Size | 23,75,00,000 shares(aggregating up to ₹2,517.50 Cr) |
| Listing Platform | BSE, NSE |
| Registrar | Kfin Technologies Ltd. |
| Canara HSBC Life Insurance RHP | Click here |
Important Dates for Canara HSBC Life Insurance Allotment
| Event | Date |
|---|---|
| Tentative Allotment | October 15, 2025 |
| Refunds Initiation | October 16, 2025 |
| Credit of Shares to Demat | October 16, 2025 |
| Listing Date | October 17, 2025 |
Canara HSBC Life Insurance Overview
Canara HSBC Life Insurance, established in 2007, is a leading private life insurer in India jointly promoted by Canara Bank, the country’s fourth-largest public sector bank, and HSBC Insurance (Asia-Pacific) Holdings Limited. According to the CRISIL Report, the company ranks third among public sector bank-led life insurers in terms of lives covered and recorded the third-highest weighted premium income growth among bank-led insurers between Fiscal 2022 and 2025.
As of June 30, 2025, it managed assets of ₹61,107.40 million and maintained a strong solvency ratio of 200.42%, exceeding the 150% regulatory requirement. Profit after tax grew at a CAGR of 13.26%, reaching ₹1,169.81 million in Fiscal 2025. The company’s extensive bancassurance network, including Canara Bank, HSBC India, and regional rural banks, contributed over 90% of new business premiums in Fiscal 2025.
Canara HSBC Life offers 20 individual and 7 group products across savings, protection, retirement, and ULIP categories. Emphasizing digital transformation, 99.7% of applications were processed digitally, improving persistency and customer satisfaction. Recognized for innovation, it has received industry awards for technology and data analytics excellence. With strong promoters, sound financials, and customer-centric digital initiatives, the company continues to strengthen its leadership in India’s life insurance sector.
Frequently Asked Questions (FAQs)
What is the opening and closing date of Canara HSBC Life Insurance?
Canara HSBC Life Insurance is open on 10 October 2025 and will close on 14 October 2025.
What is the price band of the Canara HSBC Life Insurance?
Its price band is fixed from ₹100 to ₹106 per share.
What is the GMP (Grey Market Premium) of Canara HSBC Life Insurance today?
The GMP on 14 October 2025 is ₹0, which leads to a possible listing price of ₹106.
What is the total issue size of Canara HSBC Life Insurance?
The total issue size of the Canara HSBC Life Insurance is ₹2517.50 crore, entirely as an “Offer for Sale”.
What is the expected listing date of Canara HSBC Life Insurance ?
This IPO is expected to be listed on BSE and NSE on 17 October 2025.
