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 allotment status, GMP Live: Allotment status and process
The IPO allotment is expected to be finalised on October 15, 2025. 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: Promoters and shareholding
The company is jointly promoted by 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 allotment status, GMP Live: Issue size and structure
The IPO was a pure offer-for-sale (OFS) of 23.75 crore equity shares, amounting to about Rs 2,517.5 crore. This means no new funds are being raised, and all proceeds will go to the existing shareholders.
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: How to check IPO allotment status
– Through the NSE Website
Via NSE Website
Go the NSE IPO application tracking page.
Click on ‘Equity and SME IPO Bid Details’.
Thereafter, select ‘Canara HSBC Life Insurance’ from the list.
Provide the details such as your application number and PAN.
Submit to view your allotment status.
Canara HSBC Life Insurance IPO allotment status, GMP Live: How to check IPO allotment status
– Through the BSE Website
Visit the BSE IPO allotment status page.
Select ‘Equity’ under Issue Type.
From the dropdown menu, choose ‘Canara HSBC Life Insurance’.
Enter your Application Number or PAN.
Complete the captcha by ticking ‘I’m not a robot’, then click on ‘Search’ to view your allotment status.
Canara HSBC Life Insurance IPO allotment status, GMP Live: Government initiatives to drive growth
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 Subscription Status, GMP Live: Company wont receive funds from IPO
As this is an Offer for Sale (OFS), the company will not receive any funds from the IPO. All proceeds will go to existing shareholders, with no immediate impact on the company’s capital base or future growth plans.
Canara HSBC Life Insurance IPO Subscription Status, GMP Live: Details of 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 Subscription Status, GMP Live: Business model
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: Final day subscription
The Rs 2,518 crore initial public offering (IPO) of Canara HSBC Life Insurance Company Limited received a solid response on the final day of bidding, with overall subscription reaching 2.16 times. The issue, which opened on October 10, witnessed strong demand from qualified institutional buyers (QIBs), while retail and non-institutional investors also showed steady participation.
Canara HSBC Life Insurance IPO Subscription Status, GMP Live: Key points to remember
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 Subscription Status, GMP Live: Important dates
Investors should keep an eye on the following dates: the IPO closes on October 14. Allotment finalisation is on October 15, and the listing date is on October 17 (on NSE and BSE)
Canara HSBC Life Insurance IPO Subscription Status, GMP Live: IPO details
The 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 Subscription Status, GMP Live: Sees 2.16x subscription on final day
The Rs 2,518 crore initial public offering (IPO) of Canara HSBC Life Insurance Company Limited received a solid response on the final day of bidding, with overall subscription reaching 2.16 times. The issue, which opened on October 10, witnessed strong demand from qualified institutional buyers (QIBs), while retail and non-institutional investors also showed steady participation.
Canara HSBC Life Insurance IPO Subscription Status, GMP Live: Managers and registrar
SBI Capital Markets is the book-running lead manager for the issue, while Kfin Technologies serves as the registrar.
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.