Canara HSBC Life Insurance IPO to open on October 10: Check price band, lot size, and more
Canara HSBC Life Insurance Co. Ltd., one of India’s leading private insurers, is launching its 2,517.50 crore IPO tomorrow, October 10, 2025. The company filed its red herring prospectus on October 4, 2025. The public subscription window will remain open from October 10, 2025, to October 14, 2025.
Canara HSBC Life Insurance IPO Details
- Issue Structure: According to the RHP, the 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
- Price Band: The price band is set between ₹100 and ₹106 apiece.
- Allotment & Listing: The basis of allotment will be finalised by October 15, 2025, and tentative listing on BSE and NSE is October 17, 2025.
- The book-running lead managers for the IPO are SBI Capital Markets Limited, BNP Paribas, HSBC Securities and Capital Markets (India) Private Limited, JM Financial Limited, and Motilal Oswal Investment Advisors Limited.
- Registrar: 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”).
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