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  1. Canara HSBC Life Insurance IPO subscribed 9% on day 1: Check price band, lot size and timeline

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Canara HSBC Life Insurance IPO subscribed 9% on day 1: Check price band, lot size and timeline

Journalist Kamal Joshi, former Republic TV and latestly news editor, currently associated with Upstox as senior ipo writer.

2 min read | Updated on July 03, 2026, 22:27 IST

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 was subscribed 9% on Friday, October 10, the first day of bidding. 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
Qualified Institutional Buyers (QIBs)3%
Non-Institutional Investors5%
Retail Investors14%
Total9%

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.

About The Author

Journalist Kamal Joshi, former Republic TV and latestly news editor, currently associated with Upstox as senior ipo writer.
Kamal Joshi is a business journalist who covers markets and IPOs. He places a special focus on in-depth analysis of DRHPs, RHPs and public-issue documents to produce data-driven stories. He covers trends across mainboard and SME IPOs, anchor allocations, subscription status and post-listing performance. He is passionate about breaking news and enjoys playing pickleball, especially flexing his net play. He was previously associated with Republic TV and LatestLY.

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