Canara HSBC Life Insurance IPO: Opens for Subscription Today

The primary market remains active as Canara HSBC Life Insurance IPO opens for subscription today, October 10, and will close on October 14, 2025.

Investors are closely watching this issue as the Grey Market Premium (GMP) has risen by 9.4%, indicating strong early interest.

Canara HSBC Life Insurance IPO Key Details

Particulars Details
Price Band ₹100 – ₹106 per share
IPO Open Date October 10, 2025
IPO Close Date October 14, 2025
GMP (as of today) ₹10 (approx. 9.4% premium)
Allotment Date October 15, 2025
Listing Date October 17, 2025
Issue Type 100% Offer for Sale (OFS)
Lot Size 140 shares per lot

IPO Timeline

  • Subscription Opens: October 10, 2025

  • Subscription Closes: October 14, 2025

  • Basis of Allotment: October 15, 2025

  • Refunds & Demat Credit: October 16, 2025

  • Listing Date (NSE & BSE): October 17, 2025

The IPO is managed by SBI Capital Markets, BNP Paribas, HSBC Securities and Capital Markets (India), JM Financial, and Motilal Oswal Investment Advisors.
Kfin Technologies serves as the registrar, handling allotment and refund procedures.

Grey Market Premium (GMP)

As per the latest market trends, Canara HSBC Life Insurance IPO GMP stands around ₹10, suggesting shares are trading near ₹116 in the unofficial market.
This reflects a 9.4% premium over the upper price band of ₹106.

⚠️ Note: Grey market movements are speculative and may not accurately predict listing-day performance.

Price Band, Lot Size & Investor Quota

  • Price Band: ₹100–₹106 per share

  • Lot Size: 140 equity shares (bids in multiples of 140)

  • Investor Quota:

    • QIBs: 50%

    • NIIs: 15%

    • Retail Investors: 35%

Offer for Sale (OFS) Details

The ₹11,607 crore issue is entirely an Offer for Sale (OFS) of 23.75 crore shares, meaning no fresh capital will go to the company. Proceeds will be distributed among selling shareholders.

Breakdown of the OFS:

  • Canara Bank: Selling 13.77 crore shares (14.5%)

  • HSBC Insurance (Asia-Pacific) Holdings: 0.47 crore shares (0.5%)

  • Punjab National Bank (PNB): 9.5 crore shares (10%)

Post-IPO shareholding:

  • Canara Bank – 36.5%

  • HSBC – 25.5%

  • PNB – 10%

Company Overview

Founded in 2007, Canara HSBC Life Insurance is a joint venture between Canara Bank, HSBC Insurance (Asia-Pacific) Holdings, and Punjab National Bank.

The company primarily distributes life insurance policies through its partner banks and has grown to become the third-largest life insurer among public sector banks in India.

With a robust bancassurance model and a wide network of partner branches, the insurer has shown consistent growth in premium collections and profitability.

Should You Subscribe?

While the GMP indicates healthy investor sentiment, potential investors should evaluate:

  • Strong brand association with top banks (Canara, PNB, HSBC)

  • Consistent profitability and premium growth

  • Entirely OFS issue (no fresh funds for business expansion)

Analysts suggest cautious optimism — subscribe only if you have a medium to long-term view.