Canara HSBC Life Insurance Co.Ltd (MAINBOARD)

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Canara HSBC Life Insurance Co.

October 10, 2025 – October 14, 2025

Price ₹100 - ₹106
GMP Rumors * ₹1
Lot size 140
Issue size ₹2517.50 cr
Allotment Oct 15, 2025
Listing Oct 17, 2025

DHRP/RHP
Anchor
* info is indicative, not an investment advice.

Canara HSBC Life Insurance Co. Subscription

Last updated on 13-Oct-2025 20:14:17

CategoryOfferedAppliedTimes
QIBs47190000151463200.32
HNIs3539250049539000.14
 HNIs 10+2359500017147200.07
 HNIs 2+1179750032391800.27
Retail82582500228229400.28
Employees155000018319001.18
Total166715000447550600.27
Application-Wise Breakup (Approx. no. of Apps)img
CategoryReservedAppliedTimes
HNIs (10L+)120381390.01
HNIs (2-10L)601913160.22
Retail5898751090080.18
Employee-4913-
Total Applications: 115376
© IPO Premium
Subscription Demand (in ₹ crore)
CategoryOfferedDemandTimes
QIBs500.21160.550.32
FIIs-8-
DIIs-0.02-
Mutual funds-152.39-
Others-0.15-
HNIs375.1652.510.14
HNIs 10+250.1118.180.07
HNIs 2+125.0534.340.27
Retail875.37241.920.28
Employees16.4319.421.18
Total1767.18474.40.27
QIB Interest Cost per share (7 Days)
@7%
₹0		@8%
₹0.1		@9%
₹0.1		@10%
₹0.1		@11%
₹0.1		@12%
₹0.1

Canara HSBC Life Insurance Co. Lot(s) Distribution

Category Lot(s) Qty Amount Reserved
Retail 1 140 14840 589875
sHNI 14 1960 207760 6019
bHNI 68 9520 1009120 12038

Canara HSBC Life Insurance Co. Reservation

Category Shares Offered %
Anchor 70785000 29.8%
QIB 47190000 19.87%
HNI 35392500 14.9%
Retail 82582500 34.77%
Employee 1550000 0.65%
Total 237500000 100%

Canara HSBC Life Insurance Co. About

IPO Details
Total Issue Size237,500,000 shares (aggregating up to ₹2517.5 Cr)
Offer For Sale237,500,000 shares (aggregating up to ₹2517.5 Cr)
Issue TypeBookbuilding IPO
Listing AtBSE, NSE
Share Holding Pre Issue95,00,00,000 Shares
Share Holding Post Issue95,00,00,000 Shares
Key Performance Indicator (KPI)
KPIFISCAL-25FISCAL-24FISCAL-23
RONW7.97%8.18%6.90%
EPS (BASIC)1.231.190.96
Company Financials (In ₹Crore)
Period EndedJun-25Mar-25Mar-24Mar-23
Assets44,047.941,852.037,815.830,548.8
Total Income42.35234.01240.88261.59
Profit After Tax23.41116.98113.3291.19
EBITDA31.28149.91146.56118.82
NET Worth1,540.281,516.861,418.881,353.07
Reserves and Surplus590.28566.86468.88403.07

Peer Comparision (Valuation)
CompanyP/E (x)CMP*(₹)Face value (₹)
Canara HSBC Life Insurance Company--10.00
SBI Life Insurance Company Limited74.161,785.1010.00
HDFC Life Insurance Company Limited90.27759.210.00
ICICI Prudential Life Insurance Company Limited73.66601.110.00
Source: RHP, P/E ratio is calculated as closing share price as of October 3, 2025 (source: NSE) divided by the diluted EPS for year ended March 31, 2025. CMP = Closing price as on October 3, 2025

Peer Comparision (Financial Performance)
CompanyNAV/Share (₹)RoNW (%)EPS (Basic) (₹)
Canara HSBC Life Insurance Company15.977.971.23
SBI Life Insurance Company Limited169.4915.1324.09
HDFC Life Insurance Company Limited75.0311.758.41
ICICI Prudential Life Insurance Company Limited82.5710.348.21
About Company

Incorporated in 2007, Canara HSBC Life Insurance Company Limited is a private life insurer in India, jointly promoted by Canara Bank and HSBC Insurance (Asia-Pacific) Holdings Limited.

Key Business Verticals

  • Individual Life Insurance: Savings, Endowment, and Term Plans
  • Group Insurance Solutions: Credit Life and Protection Plans
  • Retirement & Pension Products
  • Government Schemes: Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)
  • Digital & Embedded Insurance Partnerships

Product Portfolio

  • 20 Individual Products
  • 7 Group Products
  • 2 Optional Riders
  • PMJJBY policies

The company ranked third in individual weighted premium income (WPI) among bank-led insurers between FY 2021–2024.

Digital Transformation

  • Partnered with Policybazaar and Robinhood Insurance to boost online presence
  • Between April–December 2024:
    • ~72% of eligible policy applications processed automatically
    • 99% of applications completed digitally

Distribution Channels

  • Bancassurance: Canara Bank, HSBC, 8 Regional Rural Banks, Dhanlaxmi Bank
  • Brokers & Corporate Agents
  • Direct Sales & Digital Platforms

Strength

Strong Parentage & Trusted Brand: Backed by Canara Bank (51% stake) and HSBC Insurance (26% stake), leveraging their strong brand equity and customer trust. Majority of new business premiums are contributed through these institutions.

Diversified Product Portfolio: Wide range of 20 individual products, 7 group products, and 2 rider benefits, addressing protection, savings, and retirement needs. High share in non-linked non-participating business and strong premium ticket size among peers.

Technology-Driven Operations: Advanced AI, automation, and analytics integrated into operations, leading to higher digital adoption, faster turnaround times, cost efficiency, and stronger risk management.

Weakness

Dependence on Bancassurance Partners: Any termination or adverse change in agreements with Canara Bank or HSBC India, or decline in their performance, could significantly impact business and growth.

Persistency Risk: Adverse trends in persistency metrics or large-scale surrenders by customers may negatively affect financial condition and cash flows.

Regulatory Challenges: Operating in a highly regulated environment; any adverse regulatory changes or non-compliance could disrupt operations and attract penalties.

Canara HSBC Life Insurance Co. Lead Manager(s)

  1. Bnp Paribas
  2. Hsbc Securities & Capital Markets Pvt Ltd
  3. Jm Financial Limited
  4. Motilal Oswal Investment Advisors Limited
  5. SBI Capital Markets Limited

Canara HSBC Life Insurance Co. Address

Canara HSBC Life Insurance Co.Ltd.
8 th Floor, Unit No. 808- 814,
Ambadeep Building, Kasturba Gandhi Marg,
Connaught Place, Central Delhi
Delhi, New Delhi, 110001
Phone: +91 01244506761
Email: investor@canarahsbclife.in
Website: http://www.canarahsbclife.com/

Canara HSBC Life Insurance Co. Registrar

Kfin Technologies Limited
Address: Kfin Technologies Limited KFintech, Tower-B, Plot No 31 & 32, Financial District, Nanakramguda, Gachibowli, Hyderabad, Telangana India - 500 032.

Canara HSBC Life Insurance Co. Reviewers

Reviewer Recommendation File