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.

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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

Revenue
Profit
Loss
All value in ₹ Trillions

0.084

0.083

0.11

10

8

6

4

2

0

2022
2023
2024

Canara HSBC life insurance IPO Dates

Open DateTo be announced
Close DateTo be announced
Allotment Date To be announced
Initiation of RefundsTo be announced
Credit of Shares to Demat AccountTo be announced
Listing DateTo be announced

Canara HSBC life insurance IPO Lot Size

Minimum Lot SizeTo be announced
Maximum Lot SizeTo be announced

Seize the Opportunity! Apply for Canara HSBC life insurance IPO

No AMC Charges
Free Demat Account Opening
Low DP Charges
Zero AMC Charges for First Year
Free Expert Research
Low DP Charges (Rs. 10 only)
Free IPO Report & Research

Canara HSBC life insurance IPO Subscription Breakup

QIBsTo be announced
Non Institutional InvestorsTo be announced
Retail InvestorsTo 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.

Canara HSBC life insurance IPO FAQs

Typically, IPO subscriptions close at 5:00 PM IST on the final day, but for UPI-based retail investors, the cut-off time is generally 4:00 PM IST to ensure payment authorization is completed on time. Investors are advised to check the latest schedule and deadlines with their brokers or official sources before applying.

It is possible to check the Canara HSBC life insurance Limited IPO allotment status on the portal of your broker or registrar. Informataion regarding the allotment status is also conveyed via email and SMS from issuing and holding authorities, like the BSE, NSE, CDSL, and NSDL.

Yet to be Announced

Yet to be Announced

Yes, it is possible to revise or cancel an IPO application if you do it within the IPO subscription closing date.

The time of applying for any IPO is usually between Monday to Friday each week, which are the normal business days for the market. Still, it is recommended to contact your registrar for any further information.
Canara HSBC life insurance IPO - Listing Date, Price, Lot Size, Analysis & Details