Canara HSBC Life IPO Subscription Details (Image Source: iStock)
Canara HSBC Life Insurance Co. Ltd. has launched a Rs 2,517.50 crore initial public offering (IPO) via a book-building route, comprising an offer for sale of 23.75 crore shares. The IPO opened for subscription on October 10, 2025, and will close on October 14, 2025. As the IPO enters its third and last day on Tuesday, the lot received a 1.28 times overall subscription as of October 14, 2025, 2:19 pm.
The public issue was subscribed to 0.37 times in the retail category, 3.62 times in the QIB (excluding anchor investors), and 0.26 times in the NII category. The allotment is expected by October 15, with listing anticipated on BSE and NSE on October 17, 2025.
Price Band
The price band for the IPO is set between Rs 100 and Rs 106 per share, and the minimum retail lot size is 140 shares, requiring an investment of Rs 14,840 at the upper price. High-net-worth individuals (HNIs) and institutional investors have larger lot size thresholds. SBI Capital Markets Ltd. manages the issue, with Kfin Technologies Ltd. serving as the registrar.
Canara HSBC Life Insurance IPO GMP
Canara HSBC Life IPO’s last Grey Market Premium (GMP) stood at Rs 0 as of October 14, 2025, 1:36 pm, according to the grey market tracking website Investorgain. With a price band of Rs 106.00, the estimated listing price is Rs 106 (cap price plus current GMP), implying an expected gain/loss of 0.00 per cent per share.
Allocation And Reservation Details
The total offer of 23.75 crore shares is divided among investor categories as follows: 49.67 per cent to Qualified Institutional Buyers (QIBs), 14.90 per cent to Non-Institutional Investors (NIIs), and 34.77 per cent to Retail Individual Investors (RIIs). Additionally, 15.5 lakh shares are reserved for employees at a Rs 10 discount per share. Anchor investors subscribed to 7.08 crore shares, raising Rs 750.32 crore, with a lock-in period of 30 days for 50 per cent of shares and 90 days for the remainder.
Retail investors can apply up to 13 lots (1,820 shares), while small and big HNIs have higher bidding limits, starting at 14 lots. The policy allows employees to combine their reservations with retail or NII bids under specified conditions.
Company Profile And Competitive Strengths
Canara HSBC Life Insurance, founded in 2007, is a joint venture between Canara Bank and HSBC Insurance (Asia-Pacific) Holdings Limited. The insurer offers a diverse product portfolio covering individual life insurance plans, group solutions, retirement products, government schemes such as PMJJBY, and digital distribution.
