Canara HSBC Life Insurance Company Limited has launched its Initial Public Offering (IPO) with a total size of ₹2,517.50 crore, structured as a book-built issue. The IPO is entirely an offer for sale (OFS) of 23.75 crore shares, providing existing shareholders an opportunity to divest part of their holdings while offering investors a chance to participate in one of India’s leading life insurance companies.

Canara HSBC Life IPO Overview

The IPO subscription window opened on October 10, 2025, and will remain open until October 14, 2025. Following the closure, the allotment of shares is expected to be finalized on October 15, 2025, and the company plans a tentative listing on BSE and NSE on October 17, 2025.

The price band has been fixed at ₹100 to ₹106 per share, allowing investors to apply at a price within this range.

Investment Details

The lot size for the IPO is 140 shares, and the minimum investment requirements vary by investor type:

• Retail Individual Investors (RII): Minimum of 140 shares, amounting to ₹14,840 (based on the upper price of ₹106).

• Small Non-Institutional Investors (sNII): Minimum of 14 lots (1,960 shares), amounting to ₹2,07,760.

• Big Non-Institutional Investors (bNII): Minimum of 68 lots (9,520 shares), amounting to ₹10,09,120.

Additionally, the IPO reserves 15,50,000 shares for employees, offered at a discount of ₹10 per share to encourage participation from the workforce.

About Canara HSBC Life Insurance

Canara HSBC Life Insurance is a joint venture between Canara Bank, HSBC Insurance (Asia-Pacific) Holdings Limited, and the American International Group (AIG). Established with the goal of providing innovative and customer-focused insurance solutions, the company offers a comprehensive suite of life insurance products catering to individual and group customers.

The company’s portfolio includes:

• Term Plans: Life coverage for risk protection.

• Savings & Investment Plans: Wealth accumulation solutions with insurance benefits.

• Pension Plans: Retirement planning with guaranteed returns.

• Group Insurance Plans: Tailored for organizations and corporate clients.

The company emphasizes digital innovation, customer-centricity, and operational efficiency, providing seamless experiences across sales, policy servicing, and claims processing.

Objectives of the IPO

The IPO is an offer for sale, meaning the proceeds will go to existing shareholders, rather than directly into the company’s coffers. The objectives include:

1. Providing liquidity to existing shareholders.

2. Enhancing the shareholder base, enabling broader participation from retail and institutional investors.

3. Improving market visibility and brand recognition, as a listed entity gains access to wider capital markets.

The employee reservation further ensures that the company’s workforce can benefit directly from the IPO, aligning their interests with overall company performance.

Retail and HNI Participation

For retail investors, the minimum application requires 140 shares, translating to an investment of ₹14,840. This allows small investors to participate in one of India’s leading life insurance companies, gaining exposure to the growing insurance sector.

HNI investors can apply with 1,960 shares or more (sNII) and 9,520 shares or more (bNII), providing significant exposure and potential for higher returns.

Listing and Allotment

The allotment of shares will be finalized on October 15, 2025, and investors can check their allotment status through the registrar platform.

The listing on BSE and NSE, scheduled for October 17, 2025, will allow secondary market trading of shares. This provides liquidity and potential capital gains for investors, depending on market performance at listing.

Why Invest in Canara HSBC Life Insurance IPO

1. Strong Parentage: Backed by Canara Bank, HSBC, and AIG, providing robust governance and expertise.

2. Leading Life Insurance Player: Offers a diverse product portfolio and wide distribution network, catering to various customer segments.

3. Market Opportunity: India’s life insurance penetration is growing, creating opportunities for expansion.

4. Transparent Structure: Offer for sale ensures clarity on investment flow, with employees also benefiting through reserved shares.

5. Long-Term Growth Potential: With focus on digital innovation, operational efficiency, and customer satisfaction, the company is well-positioned for future growth.

Steps for Investors

To participate in the Canara HSBC Life Insurance IPO, investors should:

1. Ensure KYC compliance and hold a valid demat account.

2. Decide the number of lots to apply for based on investment capacity.

3. Apply through ASBA-enabled bank accounts or online brokerage portals for a seamless experience.

4. Monitor allotment status on the registrar’s platform after the IPO closes.

5. Prepare for listing on BSE and NSE, with trading expected from October 17, 2025.

Market Perspective

The IPO comes at a time when India’s insurance sector is witnessing steady growth due to:

• Increasing financial literacy and insurance awareness.

• Rising disposable incomes and urbanization.

• Regulatory support and reforms enhancing insurance penetration.

As a result, investors may view Canara HSBC Life Insurance IPO as a strong growth-oriented opportunity in a sector with long-term potential.

Lead Managers and Registrar

Experienced book running lead managers (BRLMs) handle pricing, marketing, and subscription processes to ensure smooth execution. The registrar manages application processing, allotment, and post-listing activities, ensuring transparency and efficiency throughout the IPO lifecycle.

Conclusion

The Canara HSBC Life Insurance IPO provides a compelling investment opportunity in a well-established life insurance company with strong parentage and market presence. With an offer size of ₹2,517.50 crore and a price band of ₹100-₹106, retail investors can apply for 140 shares, sNII for 1,960 shares, and bNII for 9,520 shares.

The IPO also reserves 15,50,000 shares for employees at a ₹10 discount per share, promoting workforce participation and alignment with company performance.

With allotment on October 15, 2025, and listing on October 17, 2025, investors will gain early visibility and potential trading opportunities in India’s growing life insurance sector, making this IPO a notable event in the 2025 Indian capital markets.

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