Canara Hsbc Life Ipo
Canara HSBC Life IPO Review & Key Points
Review: May Apply
CM Rating: 45
100% Offer For Sale (OFS) as the existing shareholders are selling their stake; the company won’t receive fresh funds with no fresh issue included.
Promoted by Canara Bank (51%) and HSBC Insurance (Asia-Pacific), It gives credibility, distribution reach, and banking network access.
Canara Bank branches, HSBC India, and regional rural banks over 15,700 branches reach with give the strong outlook for business.
Profits have grown – Profit After Tax (PAT) rose from ~₹91 crores in FY 2023 to ~₹117 crores in FY 2025.
Competition with peers like HDFC Life, SBI Life, ICICI Prudential, etc.
Canara HSBC Life Insurance IPO looks fairly strong with big names like Canara Bank and HSBC Insucrance, solid promoter support, growing APE, and an extensive branch network via bancassurance model. It’s competitive among newer / mid sized players but 100% OFS leads to a questions to the investors as well. Still it looks a good bet for the long term investors.
IPO Lead Managers aka Merchant Bankers
SBI Capital Markets Ltd.
BNP Paribas
HSBC Securities & Capital Markets (India) Pvt.Ltd.
JM Financial Ltd.
Motilal Oswal Investment Advisors Ltd.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 140 | ₹14,840 |
| Retail Maximum | 13 | 1,820 | ₹1,92,920 |
| S-HNI Minimum | 14 | 1,960 | ₹2,07,760 |
| S-HNI Maximum | 67 | 9,380 | ₹9,94,280 |
| B-HNI Minimum | 68 | 9,520 | ₹10,09,120 |
| Investor Category | Share Offered | -% Shares |
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | – Shares | 50% |
| NII Shares Offered | – Shares | 15% |
| Retail Shares Offered | – Shares | 35% |
| Anchor Bidding Date | October 9, 2025 |
| Anchor Investors List | |
| Shares Offered | 7,07,85,000 Shares |
| Anchor Size | 750.32 Cr. |
| lock-in period end date 50% shares (30 Days) | November 14, 2025 |
| lock-in period end date 50% shares (90 Days) | January 13, 2026 |
| IPO Open Date: | October 10, 2025 |
| IPO Close Date: | October 14, 2025 |
| Basis of Allotment: | October 15, 2025 |
| Refunds: | October 16, 2025 |
| Credit to Demat Account: | October 16, 2025 |
| IPO Listing Date: | October 17, 2025 |
| IPO Bidding Cut-off Time: | October 14, 2025 – 5 PM |
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 9,07,06,51,260 | 77.00% |
| Promoter Holding Post Issue | 9,07,06,51,260 | 77.00% |
| Purpose | Crores |
| 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 | – |
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ₹261.59 | ₹161.77 | ₹91.19 | ₹30,548.89 |
| 2024 | ₹240.88 | ₹117.00 | ₹113.32 | ₹37,815.80 |
| 2025 | ₹234.01 | ₹105.87 | ₹116.98 | ₹41,852.09 |
| June 2025 | ₹42.35 | ₹16.29 | ₹23.41 | ₹44,047.98 |
| KPI | Values |
| ROE: | -% |
| ROCE: | -% |
| EBITDA Margin: | -% |
| PAT Margin: | -% |
| Debt to equity ratio: | – |
| Earning Per Share (EPS): | ₹1.23 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 7.97% |
| Net Asset Value (NAV): | ₹15.97 |
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| SBI Life InsuranceCompany Limited | 24.09 | 74.16 | 15.13% | 169.49 | 84,984.63 Cr. |
| HDFC Life Insurance Company Limited | 8.41 | 90.27 | 11.75% | 75.03 | 71,075.14 Cr. |
| ICICI Prudential Life Insurance Company Limited | 8.21 | 73.66 | 10.34% | 82.57 | 48,950.71 Cr. |
| IPO Open Date | October 10, 2025 |
| IPO Close Date | October 14, 2025 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹100 to ₹106 Per Share |
| Issue Size | Approx ₹2,517.50 Crores |
| Offer for Sale: | Approx 23,75,00,000 Equity Shares |
| Issue Type | Book Built Issue |
| IPO Listing | BSE, NSE |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus |