Canara HSBC Life Insurance Ltd. IPO

Incorporated in 2007, Canara HSBC Life Insurance Company Limited is a private life insurance company in India, jointly promoted by Canara Bank and HSBC Insurance (Asia-Pacific) Holdings Limited.

Key Business Verticals:
  • Individual Life Insurance (Savings, Endowment, Term Plans)
  • Group Insurance Solutions (Credit Life, Protection Plans)
  • Retirement & Pension Products
  • Government Schemes (PMJJBY)
  • Digital Insurance Distribution & Embedded Insurance Partnerships
Canara HSBC Life Insurance 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. Distribution Channels:
  • Bancassurance (including Canara Bank, HSBC, 8 Regional Rural Banks, Dhanlaxmi Bank)
  • Brokers and Corporate Agents
  • Direct Sales and Digital Platforms
Bancassurance remains the company’s core channel, with access to over 15,700 branches across India. The partnership with Canara Bank alone provides a gateway to 117 million customers through 9,849 branches (as of Mar 31, 2025). Competitive Strenghts
  • Established parentage and a trusted brand amplifying customer attraction
  • Multi-channel distribution network with PAN-India presence
  • Long term value creation driven by consistent and profitable financial performance
  • Diversified product portfolio
  • Technology integrated business platform with strong focus on automation and digital analytics
  • Experienced management team supported by a team of dedicated professionals

Canara HSBC Life Insurance Co.Ltd. Financial Information (Restated)

Canara HSBC Life Insurance Co.Ltd.’s revenue decreased by 3% and profit after tax (PAT) rose by 3% between the financial year ending with March 31, 2025 and March 31, 2024.
Period Ended 30 Jun 2025 31 Mar 2025 31 Mar 2024 31 Mar 2023
Assets 44,047.98 41,852.09 37,815.80 30,548.89
Total Income 42.35 234.01 240.88 261.59
Profit After Tax 23.41 116.98 113.32 91.19
EBITDA 31.28 149.91 146.56 118.82
NET Worth 1,540.28 1,516.86 1,418.88 1,353.07
Reserves and Surplus 590.28 566.86 468.88 403.07
Amount in ₹ Crore

Key Performance Indicator (KPI)

KPI Values
ROE 7.71%
RoNW 7.97%

Objects of the Issue (Canara HSBC Life IPO Objectives)

The Company Canara HSBC Life IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
S.No. Objects of the Issue Expected Amount (₹ in crores)
1 To carry out the Offer for Sale of up to 237,500,000 Equity Shares of face value of ₹10 each by the Selling Shareholders aggregating up to ₹[●] million; and
2 Achieve the benefits of listing the Equity Shares on the Stock Exchanges

Canara HSBC Life IPO Details

IPO DateOctober 10, 2025 to October 14, 2025
Listing Date[.]
Face Value₹10 per share
Issue Price Band₹100 to ₹106 per share
Lot Size140 Shares
Sale TypeOffer For Sale
Total Issue Size23,75,00,000 shares
(aggregating up to ₹2,517.50 Cr)
Employee Discount₹10.00
Issue TypeBookbuilding IPO
Listing AtBSE, NSE
Share Holding Pre Issue95,00,00,000 shares
Share Holding Post Issue95,00,00,000 shares

Canara HSBC Life IPO Promoter Holding

Canara Bank and HSBC Insurance (Asia-Pacific) Holdings Limited are the company promoters.

Share Holding Pre Issue77.00%
Share Holding Post Issue 

SHARIAH SCREENING for - Canara HSBC Life Insurance Ltd. IPO

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BUSINESS SCREEN

FINANCIAL RATIOS

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