Canara HSBC Life Insurance Company Limited Rs. 2,517-cr IPO Opens On 10 October

Canara HSBC Life Insurance Company Limited Rs. 2,517-cr IPO

Real Mirror NewsOctober 7, 2025

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POSTED BY: MRUNALI, OCTOBER 7, 2025

Tarun Rustagi, Chief Financial Officer, Canara HSBC Life Insurance Company Limited; Anuj Mathur, Managing Director & Chief Executive Officer, Canara HSBC Life Insurance Company Limited, Ritesh Kumar Rathod, Chief Strategy & Data Officer, Canara HSBC Life Insurance Company Limited

Price Band has been fixed at Rs. 100 to Rs. 106 per Equity Share.

The Floor Price is 10.00 times the face value of Equity Shares and the Cap Price is 10.60 times the face value of the Equity Shares

Bid / Offer will open on Friday, October 10, 2025 and close on Tuesday, October 14, 2025 (“Bid Dates”)

UPI mandate end time and date shall be at 5.00 p.m. on the Bid/Offer Closing Date.

The Anchor Investor Bid / Offer Period shall be Thursday, October 9, 2025

The Anchor Investor Bid/Offer Period shall be one Working Day prior to the Bid/Offer Opening Date

Bids can be made for a minimum of 140 Equity Shares and in multiples of 140 Equity Shares thereafter. (“No. of Bids”)

Red Herring Prospectus link: https://www.canarahsbclife.com/investor-relations/rhp

MUMBAI, (RMN)– Canara HSBC Life Insurance Company Limited has set the price band for its maiden public issue in the range of Rs.100 to Rs.106 per equity share. The mainline offering is entirely an offer for sale (OFS) of 237.5 million equity shares aggregating to Rs. 2,517.5 crore. There is no fresh issue component.

The lot size for the application is 140 shares and in multiples thereof. Based on this, a retail investor would need to invest a minimum of Rs.14,840 to apply for one lot at the upper price band.

According to the red herring prospectus (RHP), the company has reserved not more than 50 per cent of the issue for qualified institutional buyers (QIBs), not less than 15 per cent for retail investors and not less than 35 per cent for non-institutional investors (NIIs).

The management team present at the IPO announcement were, Mr. Anuj Mathur, MD & CEO; Mr. Tarun Rustagi, CFO; Mr. Ritesh Kumar Rathod, Chief Strategy & Data Officer (CSDO).

As per the Red Herring Prospectus (RHP), the public issue is scheduled to open for subscription on Friday, October 10, 2025, and will close on Tuesday, October 14, 2025. The anchor investor bidding will take place a day earlier, on Thursday, October 9, 2025. The basis of share allotment is expected to be finalised on Wednesday, October 15, 2025. The company’s shares are likely to be listed on both the National Stock Exchange (NSE) and BSE on a tentative date of Friday, October 17, 2025.

Kfin Technologies is the registrar of the issue. SBI Capital Markets, BNP Paribas, HSBC Securities and Capital Markets (India), JM Financial and Motilal Oswal Investment Advisors are the book-running lead managers.

Incorporated in 2007, Canara HSBC Life Insurance Company is a private life insurer promoted by Canara Bank and HSBC Insurance (Asia-Pacific) Holdings, a member of the HSBC group. The company offers a comprehensive range of life insurance products tailored for both individuals and group customers. Its primary offerings include saving and endowment plans, term (pure protection) plans, retirement solutions, group credit life and protection plans and the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY). Its product portfolio comprises 20 individual products, seven group products and two optional rider benefits, along with policies under the PMJJBY scheme. The company recorded the third-highest individual weighted premium income (WPI) among bank-led insurers between Fiscal 2021 and 2025.

Canara HSBC Life Insurance’s distribution channels comprise Bancassurance (including Canara Bank, HSBC, 8 Regional Rural Banks, Dhanlaxmi Bank), Brokers and Corporate Agents, Direct Sales, and Digital Platforms.

Real Mirror NewsOctober 7, 2025

0 350 2 minutes read