Canara HSBC Life IPO is a book-built issue aiming to raise ₹2,517.50 crore. It comprises entirely an offer for sale of 23.75 crore equity shares aggregating to ₹2,517.50 crore. The bidding window opened on October 10, 2025, and will close on October 14, 2025, with allotment expected to be finalised on October 15, 2025. Canara HSBC Life IPO is scheduled to list on BSE and NSE on October 17, 2025.
The IPO price band is set at ₹100–₹106 per share, with a lot size of 140 shares. The public issue received bids for 5,16,46,140 shares against 16,67,15,000 shares available, resulting in an overall subscription of 8.22 times. QIBs subscribed 0.32 times their quota, NIIs at 0.19 times and retail investors at 0.33 times.
Canara HSBC Life’s ₹2,517.50 crore IPO, priced at ₹100–₹106 per share, consists entirely of an offer for sale of 23.75 crore equity shares. Bidding opened on October 10, 2025, and closes on October 14, 2025, with allotment expected on October 15, 2025. The IPO is scheduled to list on BSE and NSE on October 17, 2025. The lot size for the application is 140 shares. Retail investors subscribed 0.33 times and NIIs 0.19 times.
The table below breaks down the Canara HSBC Life share allocation for different categories, highlighting the number of shares and their percentage of the total issue. However, the key focus remains on the quotas allocated to retail investors and HNIs, as they are the most relevant for individual investors.
| Investor Category | Shares Offered | % of Total |
| QIB | 11,79,75,000 | 49.67% |
| – Anchor Investor | 7,07,85,000 | 29.80% |
| – QIB (Ex. Anchor) | 4,71,90,000 | 19.87% |
| NII (HNI) | 3,53,92,500 | 14.90% |
| – bNII > ₹10L | 2,35,95,000 | 9.93% |
| – sNII < ₹10L | 1,17,97,500 | 4.97% |
| Retail | 8,25,82,500 | 34.77% |
| Employee | 15,50,000 | 0.65% |
| Total | 23,75,00,000 | 100.00% |
Data Source: NSE
| Category | Subscription (times) |
| Qualified Institutional Buyers | 0.32 |
| Non-Institutional Investors | 0.19 |
| Retail Individual Investors | 0.33 |
| Total shares | 0.31 |
Note: The subscription details are as of Oct 14, 2025
Incorporated in 2007, Canara HSBC Life Insurance Company Limited is a private life insurance provider in India, jointly promoted by Canara Bank and HSBC Insurance (Asia-Pacific) Holdings Limited.
The company operates across multiple business verticals, including individual life insurance products such as savings, endowment, and term plans, group insurance solutions like credit life and protection plans, retirement and pension products, government schemes including the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), as well as digital insurance distribution and embedded insurance partnerships.
Its portfolio comprises 20 individual products, 7 group products, and 2 optional riders, and it ranked third in individual weighted premium income (WPI) among bank-led insurers between FY21 and FY25.
Canara HSBC Life Insurance primarily leverages bancassurance, including partnerships with Canara Bank, HSBC, 8 Regional Rural Banks, and Dhanlaxmi Bank. It also operates through brokers, corporate agents, direct sales, and digital platforms.
Bancassurance remains the company’s key channel, providing access to over 15,700 branches nationwide. The partnership with Canara Bank alone connects the company to 117 million customers through 9,849 branches as of March 31, 2025.
Know more about IPO allotment status and check your application details online for the latest updates on share allocation.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Oct 14, 2025, 11:56 AM IST
Nikitha Devi
Nikitha is a content creator with 7+ years of experience in the financial domain. Specialising in personal finance, investments, and market insights, Nikitha simplifies complex financial topics, making them accessible to readers.
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