The Canara HSBC Life Insurance IPO has quickly become one of the most talked-about public issues of 2025. Backed by strong promoters — Canara Bank and HSBC Insurance (Asia-Pacific) — this IPO is drawing massive attention from retail and institutional investors alike.
With a healthy grey market premium (GMP) and solid fundamentals, investors are closely tracking this issue to gauge its listing potential and long-term value in India’s growing life insurance space.
About the Company
Canara HSBC Life Insurance Company Limited, incorporated in 2007, is a leading private life insurer in India. The company offers a diverse range of life insurance products including:
- Term insurance plans
- Savings and investment-linked policies
- Retirement and pension solutions
- Group protection schemes
- Government-backed plans like PMJJBY
Its strong bancassurance network through Canara Bank and HSBC Bank branches across India provides a massive distribution advantage. The company has shown steady growth in its Assets Under Management (AUM) and profitability, supported by brand trust and strategic partnerships.
Canara HSBC Life Insurance IPO Details
| Particulars | Details |
|---|---|
| IPO Open Date | October 10, 2025 |
| IPO Close Date | October 14, 2025 |
| Price Band | ₹100 – ₹106 per share |
| Lot Size | 140 shares |
| Total Issue Size | ₹2,517.50 crores (OFS of 23.75 crore shares) |
| Allotment Date | October 15, 2025 |
| Refund Date | October 16, 2025 |
| Credit to Demat | October 16, 2025 |
| Listing Date | October 17, 2025 |
| Registrar | Kfin Technologies Ltd |
| Listing Exchanges | BSE, NSE |
Grey Market Premium (GMP) Today
As of October 9, 2025, the Canara HSBC Life IPO GMP is hovering between ₹11 to ₹15.
- Estimated Listing Price: ₹116–₹121 per share
- Expected Listing Gain: Around 9%–14%
- Market Sentiment: Positive, with consistent demand in the unlisted market
Trend: The GMP has risen steadily in the days leading up to the IPO, indicating strong investor optimism and a potentially healthy debut on listing day.
Financial Summary
| Financial Year | Revenue (₹ Cr) | Profit After Tax (₹ Cr) | EPS (₹) |
|---|---|---|---|
| FY 2023 | 7,431 | 138 | 4.52 |
| FY 2024 | 8,094 | 183 | 5.73 |
| FY 2025 (Q1 Annualized)** | 8,540 (est.) | 210 (est.) | 6.10 (est.) |
Highlights:
- Consistent revenue growth over the last 3 years
- Improving profitability and operational efficiency
- Healthy solvency ratio and low claim settlement time
✅ Strengths
- Backed by reputed promoters: Canara Bank and HSBC Insurance
- Extensive bancassurance distribution network across India
- Diverse product portfolio catering to multiple customer segments
- Consistent financial performance and profitability
- Strong brand recall and customer trust
⚠️ Risks
- Heavy dependence on bancassurance channels
- Regulatory complexity in the insurance sector
- Rising competition from private and digital-first insurers
- Potential margin pressure due to changing IRDAI norms
Expert Review
Market analysts view the Canara HSBC Life IPO as “fundamentally sound but moderately valued.”
- Brokerage consensus: Mostly “Subscribe for Listing Gains.”
- Analyst sentiment: Positive for short-term listing, cautious for long-term until growth visibility in retail premium expands.
- Retail response: Expected to be strong given the brand credibility and affordable pricing band.
Conclusion – Apply, Avoid, or Wait?
The Canara HSBC Life Insurance IPO presents a balanced opportunity for investors:
- For listing gains: Apply — Supported by decent GMP and strong brand strength.
- For long-term holding: ⚖️ Wait & Watch — While fundamentals are sound, growth visibility in digital insurance penetration remains key.
Verdict: Apply for short-term listing gains.
FAQs
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What is the Canara HSBC Life IPO GMP today?
As of October 9, 2025, the GMP is around ₹11–₹15, indicating a likely listing gain of 9–14%.
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Is Canara HSBC Life Insurance IPO good for long-term investment?
It’s stable with strong promoters, but long-term performance depends on growth in non-bancassurance channels.
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When is the allotment date for Canara HSBC Life IPO?
The allotment is expected on October 15, 2025, with refunds and demat credits on October 16, 2025.
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What is the listing date of Canara HSBC Life IPO?
The stock is set to list on October 17, 2025, on BSE and NSE.
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What is the lot size and minimum investment?
The lot size is 140 shares, requiring a minimum investment of ₹14,840 at the upper price band.
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Where can I check IPO allotment status?
You can check allotment on the Kfin Technologies website, IPO Ji, or the BSE/NSE IPO status portal.
