Canara HSBC Life Insurance Company IPO
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Schedule of Canara HSBC Life Insurance Company
| Issue open date | 10 Oct 2025 |
| Issue close date | 14 Oct 2025 |
| UPI mandate deadline | 14 Oct 2025 (5 PM) |
| Allotment finalization | 15 Oct 2025 |
| Refund initiation | 16 Oct 2025 |
| Share credit | 16 Oct 2025 |
| Listing date | 17 Oct 2025 |
| Mandate end date | 29 Oct 2025 |
| Lock-in end date for anchor investors (50%) | 14 Nov 2025 |
| Lock-in end date for anchor investors (remaining) | 13 Jan 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Canara HSBC Life Insurance Company
Canara HSBC Life Insurance Company is a life insurance provider in India, formed as a joint venture between Canara Bank, HSBC Insurance (Asia Pacific) Holdings, and Punjab National Bank. The company offers a range of life insurance products, including term insurance, endowment plans, unit-linked insurance plans (ULIPs), and retirement solutions, catering to the diverse financial needs of its customers. The firm’s distribution network leverages the branch networks of its partner banks, enhancing its reach across the country.
Financials of Canara HSBC Life Insurance Company
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹2517.50 crores |
| Offer for Sale | ₹2517.50 crores |
Strengths
- Extensive bank branch networks enhance market reach and access.
- A diverse product portfolio caters to varied customer needs.
- Associations with reputable banks build customer trust.
- Experience in life insurance supports effective risk management.
Risks
- Regulatory changes can impact operations and profitability.
- Intense competition may affect growth and pricing.
- Economic downturns can reduce policy purchases.
- Investment earnings are subject to market volatility.
- Heavy reliance on bancassurance might limit growth if strategies shift.
Allotment Status for Canara HSBC Life Insurance Company
To check your allotment status – click here.
Subscription Figures for Canara HSBC Life Insurance Company
As per media reports (Link), the Grey Market Premium (GMP) of Canara HSBC Life Insurance Company is reported at ₹10 over the IPO price. This metric is not reliable, and to track IPO interest, it is better to check subscription numbers published by exchanges, which are considered more reliable indicators.
Subscription numbers as of 5:00 PM on October 14, 2025:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional | 471.90 | 3328.95 | 7.05x |
| NII | 353.93 | 117.55 | 0.33x |
| Retail | 825.83 | 347.89 | 0.42x |
| Employees | 15.50 | 31.88 | 2.06x |
| Total | 1667.15 | 3826.26 | 2.3x |