Canara HSBC Life Insurance IPO Day 1: Check Subscription Status & Key Highlights
Canara HSBC Life Insurance Co. Ltd., one of India’s leading private insurers, is launching its Initial Public Offering (IPO) today, on October 10, 2025. The public subscription window for Canara HSBC Life Insurance IPO will remain open from October 10, 2025, to October 14, 2025.
The allotment process for the IPO is expected to be finalised 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 16, 2025.
Canara HSBC Life Insurance IPO Day 1 Subscription Status
[October 10, 2025, 12:27 PM]
On Day 1, the Canara HSBC Life Insurance IPO was subscribed 0.05 times as per the NSE data at 12:27 pm. The public issue was subscribed to 0.09 times by the Retail Individual Investors (RIIs), 0.03 times by the Non-Institutional Investors (NIIs), 0.26 times by the Employees and 0 times from the Qualified Institutional Buyers (QIBs).
Canara HSBC Life Insurance IPO Details
Canara HSBC Life Insurance IPO is a book-building issue of ₹2,517.50 crore, consisting entirely of an offer for sale (OFS) of 23.75 crore worth of shares from promoters/investors, including Canara Bank, HSBC Insurance (Asia-Pacific) Holdings Limited, and Punjab National Bank.
The IPO price band is set between ₹100 and ₹106 apiece. The minimum lot size for an application is 140 and the minimum investment required for retail individual investor is ₹14,840 (140 shares) based on 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.
Use of Proceeds
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.
About Canara HSBC Life Insurance Co.
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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