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Canara HSBC life insurance IPO
Canara HSBC life insurance Limited
Canara HSBC life insurance IPO Details
This is a 100% Offer for Sale (OFS). No fresh issue is being made. The company’s existing shareholders Canara Bank, HSBC Insurance (Asia-Pacific) Holdings Limited, and Punjab National Bank are selling up to 237,500,000 equity shares.
The promoters include Canara Bank and HSBC Insurance (Asia-Pacific) Holdings Ltd.. Punjab National Bank is an investor shareholder participating in the OFS.
Each equity share has a face value of Rs. 10. The company’s equity shares will be listed on both BSE and NSE, with one of them to be the designated stock exchange (to be confirmed).
The IPO includes a reservation for eligible employees, with a potential discount on the offer price. The price band, minimum bid lot, and employee discount, if any, will be published at least two working days before the bid opens.
Canara HSBC life insurance IPO Strengths
- The company is jointly promoted by Canara Bank and HSBC Insurance (Asia-Pacific) Holdings, giving it credibility, access to a vast customer base, and cross-border expertise.
- Over 99% of new business premiums (NBP) come through bancassurance, leveraging Canara Bank and other partners' branch networks.
- The company ranked 10th among private life insurers in individual WRP in FY 2023, showing consistent progress in the retail segment.
- Among the lowest Operating Expense to Gross Premium ratios (9.9% in FY23 vs. private industry average of 12.4%), indicating strong cost control.
Canara HSBC life insurance IPO Weaknesses
- Over-reliance on Canara Bank and select bancassurance partners makes the company vulnerable to any changes in these relationships.
- Low contribution from other channels like direct sales, digital, or agency—restricting future scalability.
- Despite growth, its overall market share remains small (2.4% in individual new business APE in FY23), limiting competitive edge.
- Being in the insurance sector, the company is vulnerable to changing IRDAI regulations, compliance costs, and policy shifts.
Canara HSBC life insurance Revenue & Profit
0.084 | +0.002 |
0.083 | +0.001 |
0.11 | +0.001 |
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8
6
4
2
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Canara HSBC life insurance IPO Dates
| Open Date | To be announced |
| Close Date | To be announced |
| Allotment Date | To be announced |
| Initiation of Refunds | To be announced |
| Credit of Shares to Demat Account | To be announced |
| Listing Date | To be announced |
Canara HSBC life insurance IPO Lot Size
| Minimum Lot Size | To be announced |
| Maximum Lot Size | To be announced |
Seize the Opportunity! Apply for Canara HSBC life insurance IPO
Free Demat Account Opening
Zero AMC Charges for First Year
Low DP Charges (Rs. 10 only)
Free IPO Report & Research
Canara HSBC life insurance IPO Subscription Breakup
| QIBs | To be announced |
| Non Institutional Investors | To be announced |
| Retail Investors | To be announced |
How to Apply for Canara HSBC life insurance IPO?
Step 1
First, you need to visit the IPO section on our website.
Step 2
Then, click on the 'IPO Listing' option to view the IPO.
Step 3
Open the Canara HSBC life insurance Limited IPO by tapping on it.
Step 4
You will see an option to subscribe that you need to click on.
Step 5
Now that you can see the IPO details, you must enter details like cut-off price, number of lots, and UPI ID.
Step 6
Next, verify your details and select the 'Subscribe' option to complete the bidding.
You have completed your bidding for the Canara HSBC life insurance Limited IPO. Log in and go to the 'IPO Transactions' section to track your allotment status.