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  1. Canara HSBC Life Insurance IPO day 1: Check live subscription status, price band, lot size and timeline

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Canara HSBC Life Insurance IPO day 1: Check live subscription status, price band, lot size and timeline

Kamal Joshi

3 min read | Updated on October 10, 2025, 12:28 IST

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SUMMARY

Canara HSBC Life Insurance IPO: The ₹2,517.50 crore initial share sale is purely an offer for sale (OFS) of 23.75 crore equity shares by promoters Canara Bank and HSBC Insurance (Asia-Pacific) Holdings Ltd and investor Punjab National Bank.

Incorporated in 2007, Canara HSBC Life Insurance has grown into a prominent bank-led private player in the life insurance landscape in India.  | Image: Shutterstock

Incorporated in 2007, Canara HSBC Life Insurance has grown into a prominent bank-led private player in the life insurance landscape in India. | Image: Shutterstock

Canara HSBC Life Insurance IPO: The ₹2,517.50 crore initial public offering of life insurer Canara HSBC Life Insurance Company Ltd opened for subscription on Friday, October 10. The issue, which will conclude on October 14, has set a price band of ₹100 to ₹106 per share.

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The initial share sale is purely an offer for sale (OFS) of 23.75 crore equity shares by promoters Canara Bank and HSBC Insurance (Asia-Pacific) Holdings Ltd and investor Punjab National Bank.

Since it's an OFS, the firm will not get any proceeds from the IPO. The money raised will go to selling shareholders.

Canara HSBC Life Insurance is a joint venture (JV) promoted by Canara Bank, which owns a 51% stake, and HSBC Group's HSBC Insurance (Asia Pacific) Holdings, which keeps 26%.

Canara HSBC Life Insurance IPO day 1: Subscription status

CategorySubscription Status (As of 12:28 pm)
Qualified Institutional Buyers (QIBs)-
Non-Institutional Investors3%
Retail Investors9%
Total5%

A lot consists of 140 shares and in multiples thereafter. The company has reserved 50% of the offer for qualified institutional buyers, 35% for retail investors and 15% for non-institutional investors.

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Canara HSBC Life Insurance IPO timeline

EventDate
Subscription periodOctober 10 to October 14
Basis of allotmentOctober 15
Initiation of RefundsOctober 16
Credit of Shares to DematOctober 16
Listing dateOctober 17
Canara HSBC Life Insurance IPO: Check business model, peer comparison & more

Incorporated in 2007, Canara HSBC Life Insurance has grown into a prominent bank-led private player in the life insurance landscape in India. Its key business verticals include individual life insurance (savings, endowment and term plans), group insurance solutions (credit life and protection plans), retirement & pension products, government schemes (PMJJBY) and digital insurance distribution & embedded insurance partnerships.

Canara HSBC Life IPO GMP

According to investorgain.com and media reports, the unlisted shares of Canara HSBC Life Insurance are trading at ₹116, reflecting a grey market premium of 9.43% or ₹10 over the upper price band of ₹106.

Disclaimer: Grey Market Premium (GMP) is an unofficial indicator of market sentiment toward an IPO. It is not regulated by the stock exchanges or SEBI. Upstox does not endorse or facilitate trading in the grey market. Investors are advised to conduct their own research or consult an expert before making any investment decisions.
To learn more about IPOs, their listings, schedules, and upcoming IPOs, visit our page.

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About The Author

Kamal Joshi
Kamal Joshi is a business journalist who covers industries, markets, and IPOs. He is passionate about breaking news and enjoys playing tennis, especially flexing his backhand. He was previously associated with Republic TV and LatestLY.

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