Investors are keenly awaiting the stock to be listed on the bourses, BSE and NSE, on October 17. Canara HSBC Life Insurance IPO finalised its share allotment on October 15. The issue, which opened on October 10, closed its subscription window on 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 17.
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 Listing Date, GMP Live: Price band
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.
Canara HSBC Life Insurance IPO Listing Date, GMP Live: Purpose of the offer
Since this IPO is entirely an OFS, the company will not receive any proceeds from the sale. The purpose is mainly to provide liquidity to existing shareholders and enable the company’s shares to be listed on the stock exchanges.
Canara HSBC Life Insurance IPO Listing Date, GMP Live: Promoters of the company
The promoters are Canara Bank, which holds 51%, and HSBC Insurance (Asia-Pacific) Holdings, which owns 26%. Punjab National Bank is also among the major shareholders. These entities are diluting part of their stake through this IPO.
Canara HSBC Life Insurance IPO Listing Date, GMP Live: Details of the company
Canara Bank and HSBC promoted life insurer in India having around 17 years standing. It posted inconsistency in its top lines for the reported periods, but marked growth in bottom lines.
The company enjoys niche place in bancassurance segment and have strategic plans to gain business and maintain profitability.
Based on its recent set of financials, the issue appears aggressively priced.
Canara HSBC Life Insurance IPO Listing Date, GMP Live: How to check allotment status
The allotment status for Canara HSBC Life Insurance’s IPO can be checked through multiple platforms, Kfin Technologies (the registrar), NSE, and BSE.
Canara HSBC Life Insurance IPO Listing Date, GMP Live: Company's stakes
Canara HSBC Life Insurance Company is a joint venture promoted by Canara Bank, which holds a 51% stake, and HSBC Insurance (Asia Pacific) Holdings of the HSBC Group, which owns 26%.
Canara HSBC Life Insurance IPO Listing Date, GMP Live: Product portfolio
Canara HSBC Life Insurance ’s product portfolio ranges across various segments with the individual and group products, comprising 20 individual products, 7 group products and 2 optional rider benefits along with policies under the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY).
Canara HSBC Life Insurance IPO Listing Date, GMP Live: IPO Subscription Update
The initial public offering (IPO) of Canara HSBC Life Insurance saw an overall subscription of 2.30 times by the close of Day 3 on October 14, 2025 (5:04 PM). The issue received strong interest from Qualified Institutional Buyers (QIBs), whose portion was subscribed 7.05 times (excluding anchor investors). In contrast, the retail investor segment subscribed 0.42 times, while the Non-Institutional Investor (NII) category recorded 0.33 times subscription.
Canara HSBC Life Insurance IPO Listing Date, GMP Live: About company
The company is Canara Bank and HSBC promoted life insurer in India having around 17 years standing.
It posted inconsistency in its top lines for the reported periods, but marked growth in bottom lines.
The company enjoys niche place in bancassurance segment and have strategic plans to gain business and maintain profitability.
Based on its recent set of financials, the issue appears aggressively priced.
Together, Canara Bank and HSBC India have been key distribution partners, contributing a substantial portion of the company’s new business premium 82%, 84%, 80%, 72%, and 53% during the three months ended June 2025, June 2024, and FY2025, FY24, and FY23, respectively.
Canara HSBC Life Insurance IPO Listing Date, GMP Live: Group Protection Plans
These plans provide life insurance coverage to a group of individuals and, in an event of unfortunate death of a group member, the sum assured is paid to the member’s nominee. The policies are offered to formal groups such as employer-employee groups and voluntary groups like non-employer-employee, banks, professional and microfinance institutions, etc. These products typically have a one-year term and need to be renewed upon expiry every year.
Canara HSBC Life Insurance IPO Listing Date, GMP Live: Choice Equity on IPO valuation
"As of March 2025, the company held a 1.81% market share in individual weighted premium income, underscoring its growing presence in the private life insurance space. Its strong bancassurance network, led by Canara Bank, provides a distinct distribution advantage and customer trust. While valuations offer limited near-term upside, the company’s strong parentage, diversified product portfolio, and scalable platform support a sustainable growth outlook. Therefore, we assign a 'Subscribe for Long Term' rating for this issue," said Choice Equity in an IPO note.
Canara HSBC Life Insurance IPO Listing Date, GMP Live: Geojit says valuations attractive
According to Geojit, at the upper price band of Rs 106, "Canara HSBC trades at a P/EVPS of 1.65x representing a 68% discount to the average valuation of major bank-led life insurers." The company is demonstrating strong growth in AUM, embedded value and profitability, supported by favourable industry trends and rising awareness.
Canara HSBC Life Insurance IPO Listing Date, GMP Live: Enhance penetration in distribution network
Increase life insurance penetration within the existing bancassurance channel, the company is adopting a strategy to maximise the synergies between the bancassurance partners while addressing both customer needs and ease of onboarding. The company also plan to extend reach by deepening presence within the bancassurance networks, particularly leveraging Canara Bank's network.
The Canara HSBC Life Insurance IPO GMP has become completely flat. The current trend shows listing closer to the issue price of Rs 106 per share.
However, readers must remember that the GMP is the unofficial indicator and the listing price could be different from the GMP.
Canara HSBC Life Insurance IPO allotment status, GMP Live: Company's product portfolio
The company’s product portfolio ranges across various segments with the individual and group products, comprising 20 individual products, 7 group products and 2 optional rider benefits along with policies under the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY).
Canara HSBC Life Insurance IPO allotment status, GMP Live: Stakes in the company
Canara HSBC Life Insurance Company is a joint venture promoted by Canara Bank, which holds a 51% stake, and HSBC Insurance (Asia Pacific) Holdings of the HSBC Group, which owns 26%.
Canara HSBC Life Insurance IPO allotment status, GMP Live: Government schemes
There are initiatives such as IRDAI’s Insurance for All by 2047, government-led financial inclusion schemes like the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), and GST exemptions on individual life and health insurance policies are expected to drive demand growth.
Canara HSBC Life Insurance IPO allotment status, GMP Live: Price band
The Canara HSBC Life Insurance IPO opened for subscription on October 10, and closed on October 14. The price band for the issue was fixed between Rs 100 to Rs 106 per share.
Canara HSBC Life Insurance IPO allotment status, GMP Live: Purpose of the IPO
Since this IPO is entirely an OFS, the company will not receive any proceeds from the sale. The purpose is mainly to provide liquidity to existing shareholders and enable the company’s shares to be listed on the stock exchanges.
Canara HSBC Life Insurance IPO allotment status, GMP Live: Distribution model
The company follows a bancassurance-based distribution model, leveraging its partnerships with banks like Canara Bank, HSBC, and PNB. It reaches customers through over 15,700 branches, offering insurance products such as life, pension, savings, and health plans.
Canara HSBC Life Insurance IPO allotment status, GMP Live: Checking IPO status
Investors can check their status through the websites of KFin Technologies (registrar), BSE, or NSE by entering their PAN, application number, or DP ID details.
Canara HSBC Life Insurance IPO allotment status, GMP Live: Premium slips to Rs 15
As of October 15, 2025, the grey market premium (GMP) for the Canara Robeco IPO stands at Rs 15. With a price band of Rs 266 per share, the IPO’s estimated listing price comes to around Rs 281, indicating a potential gain of about 5.64% on listing day.
Canara HSBC Life Insurance IPO allotment status, GMP Live: Where to check allotment status
The allotment status for Canara HSBC Life Insurance’s IPO can be checked through multiple platforms, Kfin Technologies (the registrar), NSE, and BSE.
Canara HSBC Life Insurance IPO allotment status, GMP Live: About the IPO
The Canara HSBC Life Insurance IPO aimed to raise ₹2,517.5 crore through an offer for sale (OFS) of 23.75 crore shares by its three existing shareholders, Canara Bank, HSBC Insurance (Asia-Pacific) Holdings, and Punjab National Bank.
Since the issue did not include a fresh share offering, the proceeds from the sale will go entirely to the selling shareholders, not the company itself.
Canara HSBC Life Insurance IPO Allotment Status Live: Via Kfin Technologies (Registrar)
Visit the official Kfin Technologies IPO status page: https://ipostatus.kfintech.com/
The status of your IPO allotment will be displayed on the screen.
Canara HSBC Life Insurance IPO allotment status, GMP Live: Business model and distribution
The company follows a bancassurance-based distribution model, leveraging its partnerships with banks like Canara Bank, HSBC, and PNB. It reaches customers through over 15,700 branches, offering insurance products such as life, pension, savings, and health plans.
Canara HSBC Life Insurance IPO allotment status, GMP Live: Listing timeline
Shares of Canara HSBC Life Insurance are set to debut on the NSE and BSE on October 17, at 10:00 AM, after the completion of allotment and credit of shares to successful applicants.
Canara HSBC Life Insurance IPO allotment status, GMP Live: Purpose of the offer
Since this IPO is entirely an OFS, the company will not receive any proceeds from the sale. The purpose is mainly to provide liquidity to existing shareholders and enable the company’s shares to be listed on the stock exchanges.
Canara HSBC Life Insurance IPO allotment status, GMP Live: Subscription details
The IPO saw an overall subscription of 2.29 times. The QIB portion received strong demand at 7.05 times, while NII and retail categories were subscribed 0.33 times and 0.42 times, respectively, showing limited retail participation.