The allotment process for the Canara HSBC Life Insurance IPO is expected to be finalised today, on October 15, 2025, and the company’s shares will be listed on both NSE and BSE. The tentative listing date is fixed as October 17, 2025. The company launched its Initial Public Offering (IPO) on October 10, 2025, with an issue size of ₹2,517.50 crore, consisting entirely of an offer-for-sale (OFS).
Know the procedure to check Canara HSBC Life Insurance IPO allotment status online on the NSE, BSE and the registrar’s website.
[October 14, 2025, end of the day]
On Day 3, the Canara HSBC Life Insurance IPO was subscribed 2.30 times. The public issue was subscribed 0.42 times in the retail category, 7.05 times in QIB, 2.06 times in the Employees category and 0.33 times in the NII category.
The Canara HSBC Life Insurance IPO was a book-building issue of ₹2,517.50 crore, consisting entirely of an offer for sale (OFS) of 23.75 crore worth shares from promoters/investors, including Canara Bank, HSBC Insurance (Asia-Pacific) Holdings Limited, and Punjab National Bank.
The IPO price band was set between ₹100 and ₹106 apiece. The minimum lot size for an application was 140, and the minimum investment required for a retail individual investor was ₹14,840 (140 shares) based on the upper price.
SBI Capital Markets Limited, BNP Paribas, HSBC Securities and Capital Markets (India) Private Limited, JM Financial Limited, and Motilal Oswal Investment Advisors Limited are the book-running lead managers for the IPO. KFin Technologies Limited is the registrar for the issue.
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The IPO is structured as a 100% Offer for Sale, meaning there is no fresh equity issuance; therefore, all proceeds accrue to the selling shareholders.
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Canara HSBC Life Insurance is a leading private life insurance company in India, promoted by Canara Bank (India’s fourth-largest public sector bank by total assets). The insurer offers a comprehensive range of life insurance products, including savings, endowment, term (pure protection), retirement, group credit life, and protection plans, as well as the Pradhan Mantri Jeevan Jyoti Bima Yojana (“PMJJBY”).
Financially, in FY 2025, Canara HSBC Life Insurance reported revenue of ₹8,027.46 crore, compared to ₹7,128.70 crore in FY 2024. Similarly, Net profit for FY 2025 stood at ₹116.98 crore, slightly higher than ₹113.32 crore in FY 2024.
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