Canara HSBC Life Insurance IPO GMP, Allotment Status Live Updates: The final day of bidding for the Canara HSBC Life Insurance IPO is here. The issue, which opened on October 10 will close its subscription window today, October 14.
Let’s take a look at the key factors to watch out for this issue –
Canara HSBC Life Insurance IPO: Offer-for-Sale only
Canara HSBC Life Insurance’s IPO is purely an Offer-for-Sale (OFS). This means that no new shares are being issued. The existing promoters – Canara Bank, HSBC Insurance (Asia-Pacific) Holdings, and Punjab National Bank are offloading 23.75 crore shares through the offer.
The price band for the issue is fixed at Rs 100–106 per share, and investors can apply for a minimum lot size of 140 shares, amounting to an investment of Rs 14,840 at the upper end.
Important dates to remember
The Canara HSBC Life Insurance IPO will close for subscription today, October 14. The basis of allotment is expected to be finalised on October 15, followed by the listing of shares on both the NSE and BSE on October 16, 2025.
KFin Technologies is the registrar for the issue, and investors will be able to check their allotment status via the registrar’s website, as well as on the BSE and NSE portals once finalised.
Canara HSBC Life Insurance IPO Allotment Status Live: Follow Live Coverage on Canara HSBC Life Insurance IPO GMP, Allotment Status, Grey Market Premium, Listing Date, Review and More
Canara HSBC Life Insurance IPO Subscription Status, GMP Live: Key dates to remember
Investors should keep an eye on the following timeline:
IPO closes: October 14
Allotment finalisation: October 15
Listing date: October 17 (on NSE and BSE)
Canara HSBC Life Insurance IPO Subscription Status, GMP Live: Use of IPO proceeds
Since this is an OFS, the company will not receive any funds from the IPO. All proceeds will go to existing shareholders. Therefore, there will be no immediate impact on the company’s capital base or future growth investments.
Canara HSBC Life Insurance IPO Subscription Status, GMP Live: Business model and reach
Canara HSBC Life Insurance operates mainly through a bancassurance model, using its partner banks’ branch networks - over 15,700 outlets across India. The company offers various products like term insurance, savings, retirement, and health plans, serving both urban and semi-urban customers.
Canara HSBC Life Insurance IPO Subscription Status, GMP Live: Who’s selling the shares
The entire IPO is an offer-for-sale, which means no fresh capital will go to the company. The selling shareholders include Canara Bank (51%), HSBC Insurance (Asia-Pacific) Holdings (26%), and Punjab National Bank. The proceeds from this issue will be distributed among these promoters.
Canara HSBC Life Insurance IPO Subscription Status, GMP Live: Geojit Investments on IPO valuation
"At the upper price band of Rs 106, Canara HSBC trades at a P/EVPS of 1.65x (FY25), representing a 68% discount to the average valuation of major bank-led life insurers. It is demonstrating strong growth in AUM, embedded value and profitability, supported by favorable industry trends and rising awareness. We therefore assign a Subscribe rating with a medium- to long-term investment horizon," said Geojit Investments in an IPO note.
The Canara HSBC Life Insurance IPO was subscribed 1.01 times overall so far on Day 3. The Qualified Institutional Buyers (QIB) segment saw a demand at 2.75 times, while the Non-Institutional Investors (NII) portion was at 0.23 times. Retail Individual Investors (RII) subscribed 0.35 times, and the employee reserved quota was 1.58 times subscribed.
The IPO, which opened on October 10, closes today - October 14. Investors have until the end of the trading session to place their bids. The share allotment is expected on October 15, and the company is likely to make its market debut on October 17 on both the NSE and BSE.
Canara HSBC Life Insurance Company has launched its IPO through a pure offer-for-sale (OFS) route. The issue involves 23.75 crore shares worth Rs 2,517.50 crore. The price band is fixed between Rs 100 and Rs 106 per share, and investors can apply for a minimum lot of 140 shares, amounting to Rs 14,840 at the upper price band.