Canara HSBC Life Share Price, IPO Listing, GMP Highlights: The shares of Canara HSBC Life Insurance IPO listed in the bourses today, October 17. The grey market premium rose to 2.8% a day ahead of listing, signalling that investors’ buying has increased in the stock.
Canara HSBC Life opened its subscription on October 10 and closed it on October 14. The company raised a sum of Rs 2,517.50 crore via an offer for sale of 23.75 crore shares. Canara HSBC had set the bidding price at Rs 106 per equity share.
SBI Capital Markets is the book-running lead manager for the IPO.
Canara HSBC Life Insurance is a private life insurance company in India, jointly promoted by Canara Bank and HSBC Insurance (Asia-Pacific) Holdings. The company offers a portfolio comprising 20 individual products, 7 group products, and 2 optional riders, along with policies under the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY). The company recorded the third-highest individual weighted premium income (WPI) among bank-led insurers between Fiscal 2021 and 2025.
Canara HSBC Life Share Price, IPO Listing Highlights: Check here Live Coverage on Canara HSBC Life IPO Listing, GMP, Share Price, Price Band, Review
Canara HSBC Life Share Price, IPO Listing, GMP Live: Shares up 5%
The share price of the Canara HSBC Life Insurance ended on a positive note. On BSE, it was up 5%, ending the day at 111.50. On NSE, it closed at Rs 112, up 5.66%.
Canara HSBC Life Share Price, IPO Listing, GMP Live: Bancassurance key strength
Bancassurance is Canara HSBC Life Insurance Comapny’s largest distribution channel, supported by non-exclusive partnerships with Canara Bank, HSBC India, seven regional rural banks, and other partners. According to the CRISIL Report, these alliances provide access to over 15,700 branches nationwide as of March 2025. In recent years, the insurance company has seen strong growth in sales through its bancassurance network, driven by its partners’ extensive reach and customer base.
Canara HSBC Life Share Price, IPO Listing, GMP Live: Shares up 4%
At this hour, Canara HSBC Life Insurance shares are trading strong, up 4.40 points, or 4.15%, at 110.40 on the BSE, while on the NSE, the stock is up 4.45 points, or 4.20%, at 110.45.
Canara HSBC Life Share Price, IPO Listing, GMP Live: Issue details
The Canara HSBC Life Insurance IPO opened for subscription on October 10, and closed on October 14, before making its stock market debut on October 17, on both the NSE and BSE. The issue was entirely an offer for sale (OFS) of 23.75 crore shares, aggregating to about Rs 2,517.5 crore, with a price band set between Rs 100 and Rs 106 per share. Since it was a complete OFS, no new shares were issued, and the proceeds went directly to the existing promoters.
Canara HSBC Life Share Price, IPO Listing, GMP Live: Insurance industry's outlook
The Indian life insurance industry, consisting of 25 private players and LIC, has recorded consistent growth since liberalisation. Both bank-led and non-bank insurers expanded rapidly in the early years, supported by linked products. Later, digital adoption and regulatory reforms boosted profitability. Despite the pandemic and recent tax changes, the sector continues to show steady growth and is expected to maintain healthy momentum in the coming years.
Canara HSBC Life Share Price, IPO Listing, GMP Live: Company overview
Canara HSBC Life Insurance Company is a joint venture between three major financial institutions - Canara Bank (51%), HSBC Insurance (Asia Pacific) Holdings Limited (26%), and Punjab National Bank (23%). Based in Gurugram, Haryana, the company began operations in 2008 and offers a mix of life, health, term, savings, and retirement insurance products. Over the years, it has built its presence through a bancassurance network supported by digital and direct channels catering to customers across India.
Canara HSBC Life Share Price, IPO Listing, GMP Live: Shares trade higher after flat market debut
After its listing, at this moment, the shares of Canara HSBC Life Insurance are trading higher - up 3.96% at Rs 110.20 on the BSE and 3.53% at Rs 109.74 on the NSE.
Canara HSBC Life Share Price, IPO Listing, GMP Live: Shares trade higher after flat market debut
After its listing, at this moment, the shares of Canara HSBC Life Insurance are trading higher - up 3.96% at Rs 110.20 on the BSE and 3.53% at Rs 109.74 on the NSE.
Canara HSBC Life Share Price, IPO Listing, GMP Live: Flat debut
Canara HSBC Life Insurance made a flat debut today, listing at Rs 106 per share on both the NSE and BSE, matching the upper end of its IPO price band of Rs 100–106. The Rs IPO, which was subscribed 2.29 times during October 10–14, saw a muted market response on its listing day.
Canara HSBC Life Insurance Company makes a lull listing. The stock is listed at Rs 106 on the exchanges. However, the stock gained 2.4% to Rs 108.53. The share allotment was finalised on October 15.
Canara HSBC Life Share Price, IPO Listing, GMP Live: Continued focus on customer centricity
The company focuses on enhancing customer satisfaction and retention through need-based sales, continuous engagement, CRM integration with call centres, fintech solutions like policy assignments and loans, real-time banking integrations for payments, and a planned customer loyalty programme, all aimed at improving renewal collections, reducing surrenders, managing acquisition costs efficiently, and driving sustainable profitability with a customer-centric approach.
Canara HSBC Life Share Price, IPO Listing, 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.
Canara HSBC Life Share Price, IPO Listing, GMP Live: Listing date
The wait is finally over for investors. The stock is now set to make its market debut on the BSE and NSE today, October 17.
The Canara HSBC Life IPO allotment was finalised on October 15.
Canara HSBC Life Share Price, IPO Listing, GMP Live: VNB and APE growth
The Value of New Business (VNB) rose from Rs 377.6 crore in FY24 to Rs 446 crore in FY25, growing at 18%, reflecting strong business expansion. However, the VNB margin of 19% remains below peers.
The annualised premium equivalent (APE) increased from Rs 1,883.7 crore in FY23 to Rs 2,339.4 crore in FY25, registering a CAGR of 11.4%, driven by growth in regular premium collections.
Canara HSBC Life Share Price, IPO Listing, GMP Live: Objective of IPO
To carry out the Offer for Sale of equity shares by the selling shareholders aggregating up to Rs 2,518 crore, and achieve the benefits of listing the equity shares on the stock exchanges