Canara HSBC is a private life insurer in India, promoted by Canara Bank—ranked as the fourth largest public sector bank by total assets in India as of March 31, 2025, according to the CRISIL Report—and HSBC Insurance (Asia-Pacific) Holdings Limited, part of the globally reputed HSBC Group. As per the CRISIL Report, the company recorded the third-highest growth in individual weighted premium income among bank-led insurers between Fiscal 2022 and 2025, and the second-highest year-on-year growth within its Peer Set for Fiscal 2025. Its market share stood at 1.81% as of March 31, 2025, based on individual weighted premium income.
Price Band₹100 - ₹106 |
Dates10 Oct - 14 Oct |
GMP₹3 (2.83%) |
Subscriptions2.29 times |
Issue Size₹2,517.50 Crs |
Canara HSBC IPO Objects
The issue is a complete Offer for Sale (OFS). The company will not receive any funds from the issue, entire proceeds will be received by the Selling Shareholder(s).
Canara HSBC IPO Details
Price Band₹100 - ₹106 |
Listing AtNSE & BSE |
IPO Issue Type100% Book Built Offer |
Fresh Issue₹0.00 (0.00 Shares) |
Offer For Sale₹2,517.50 Cr (23.75 Cr Shares) |
Total Issue₹2,517.50 Cr (23.75 Cr Shares) |
Face Value₹10 per equity share |
Canara HSBC IPO Lot Information
| Investor Category | Lot | Shares | Amount | |
|---|---|---|---|---|
| Retail |
Minimum
1
140
14,840
Maximum
13
1,820
1,92,920
|
|||
| Small HNI |
Minimum
14
1,960
2,07,760
Maximum
67
9,380
9,94,280
|
|||
| Big HNI |
Minimum
68
9,520
10,09,120
|
|||
Canara HSBC IPO Subscription
Updated as on 14-Oct-2025 19:00:00
| Investor Category | Subscription (times) | Shares Offered | Shared Bid |
|---|---|---|---|
| QIB | 7.05 | 4,71,90,000 | 33,28,94,520 |
| NII | 0.33 | 3,53,92,500 | 1,17,54,540 |
| bNII (bids above ₹10L) | 0.28 | 2,35,95,000 | 65,80,700 |
| sNII (bids between ₹2L to ₹10L) | 0.44 | 1,17,97,500 | 51,73,840 |
| Retail | 0.42 | 8,25,82,500 | 3,43,23,940 |
| Employee | 2.06 | 15,50,000 | 31,89,200 |
| Total | 2.29 | 16,67,15,000 | 38,21,62,200 |
Canara HSBC IPO GMP
The estimated Grey Market Premium of Canara HSBC IPO is ₹3 per share (2.83%)
Category Allocation
| Particulars | Allocation |
|---|---|
| QIBs | Not more than 50% of Net Offer |
| Big HNIs (NII) | Not less than 10% of Net Offer |
| Small HNIs (NII) | Not less than 5% of Net Offer |
| Retail | Not less than 35% of Net Offer |
| Employee | 1550000 EQ Shares |
Canara HSBC IPO Financials
| Particulars | June 25 | March 25 | March 24 | March 23 |
|---|---|---|---|---|
| Revenue from Operations | 1,747.23 | 8,027.46 | 7,128.70 | 7,197.38 |
| Profit after Tax | 23.41 | 116.98 | 113.32 | 91.19 |
| Net Worth | 1,540.28 | 1,516.86 | 1,418.88 | 1,353.07 |
| Total Borrowing | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Assets | 0.00 | 0.00 | 0.00 | 0.00 |
| NAV per share (in ₹) | 16.21 | 15.97 | 14.94 | 14.24 |
| EPS - Basic (in ₹) | 0.25 | 1.23 | 1.19 | 0.96 |
The financial information presented is on a consolidated basis.
Key Performance Indicators
| KPI | KPI | VALUES |
|---|---|---|
| 1 | A1 | B1 |
| 2 | A2 | B2 |
| 3 | A3 | B3 |
- All the data pertains to FY 2024-25.
- PE, PB, and market capitalization are calculated based on the Upper Price Band.
Canara HSBC IPO Peer Comparision
- All information pertains to FY 2024-25.
- The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of October 3, 2025 for Peers
Canara HSBC IPO Peer Comparision
- All information pertains to FY 2024-25.
- The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of October 3, 2025 for Peers
Promoter Details
| Name | Shareholding |
|---|---|
| Canara Bank | 51.00% |
| HSBC Insurance | 26.00% |
| Total | 77.00% |
Management Details
| Name | Designation |
|---|---|
| Anuj Mathur | MD & CEO |
| Satyanarayana Kalidindi | Chairman |
| Tarun Rustagi | CFO |
Company Details
Name: Canara Hsbc Life Insurance Company Limited
Address: 8th Floor, Unit No. 808 814, Ambadeep Building, Kasturba Gandhi Marg, Connaught Place, Central Delhi, New Delhi 110 001, Delhi, India
Number: +91 0124 4506761
Email: investor@canarahsbclife.in
Website: www.canarahsbclife.comÂ
Book Running Lead Managers (BRLMs)
HSBC Securities
Visit Website
JM Financial
Visit Website
Motilal Oswal Investment
Visit Website
SBI Capital
Visit Website
BNP Paribas
Visit WebsiteRTAs
KFin Technologies
Visit WebsiteFrequently Asked questions?
Find answers to common questions that come in your mind related to IPO.
Canara HSBC IPO is a Mainboard IPO having an issue size of Rs. ₹2,517.50 Crs. Canara HSBC IPO is priced at ₹100 - ₹106 per share. The issue opens on 10 Oct 25 and closes on 14 Oct 25.
Canara HSBC IPO opens on 10 Oct 25 and closes on 14 Oct 25.
The estimated Grey Market Premium of Canara HSBC IPO is ₹3 per share (2.83%).
The minimum lot size of Canara HSBC IPO is 140 shares & the minimum application amount is Rs. 14840.
The allotment date of Canara HSBC IPO is 15 Oct 25.
The listing date of Canara HSBC IPO is 17 Oct 25.
Canara HSBC IPO is subscribed 2.29 times.
Canara HSBC IPO is priced at ₹100 - ₹106 per share.
Click the allotment link on Canara HSBC IPO page of IPO360.
- Go to Kite App → Tap on Bids → Tap on IPO
- Select the IPO → Tap on apply → Enter UPI ID
- Enter Qty and Price
- Submit the application
- Approve the UPI Mandate on your UPI app
- Go to Groww App → Stocks Section → Select IPO option
- Select the IPO you want to apply
- Enter your bid details and price
- Enter UPI ID & submit
- Approve the UPI Mandate on your UPI app
- Log in to your bank's net banking portal.
- Navigate to the 'IPO' or 'ASBA' section.
- Select Canara HSBC IPO from the list of available IPOs.
- Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
- Submit the application.
- Money will remain blocked till the refund date
We are a one-stop destination for all your IPO needs. Get reliable, accurate, and timely information for all the IPOs in India!