Canara HSBC Life Insurance Ltd: All You Need GMP, Price, Date, Allotment
The Canara HSBC Life Insurance Company Ltd IPO has created a lot of buzz in the Indian stock market. Investors are curious to know about its GMP, issue price, dates, and allotment details. Let’s explore everything about this IPO in simple words. Canara HSBC Life Insurance Company Ltd is one of India’s trusted life insurance providers. It is a joint venture between Canara Bank, HSBC Insurance (Asia-Pacific), and Punjab National Bank. The company provides a wide range of insurance products, including term plans, savings plans, pension plans, and investment-linked insurance.
The company mainly sells its products through the bancassurance model, which uses the strong branch network of its partner banks to reach customers across India.
Canara HSBC Life Insurance Company Ltd IPO Details
The Canara HSBC Life Insurance Company Ltd IPO is a major public issue in the insurance sector. It opened for subscription from October 10 to October 14, 2025. The IPO was completely an Offer for Sale (OFS) of 23.75 crore shares, with a total issue size of ₹2,517.5 crore.
This means the company itself will not receive any fresh funds from this IPO, as existing shareholders are selling their shares. However, the listing will help increase the company’s visibility and public trust.
Canara HSBC Life Insurance Company Ltd Issue Price
The Canara HSBC Life Insurance Company Ltd Issue Price was fixed in the range of ₹100 to ₹106 per share. Investors could apply for a minimum of 140 shares and in multiples thereafter. The pricing was seen as fair considering the company’s business growth and brand value in the insurance sector.
Canara HSBC Life Insurance Company Ltd GMP (Grey Market Premium)
Before listing, many investors look at the Canara HSBC Life Insurance Company Ltd GMP to estimate possible listing gains. The GMP started around ₹10 per share, indicating good demand in the early stages. However, as the subscription period progressed, the GMP dropped to around ₹2 per share, suggesting a small listing gain of about 1–2%.
This decline shows that while investors are confident in the company’s long-term potential, the short-term listing excitement has cooled down slightly.
Subscription and Allotment Details
The IPO received a good response from investors, especially from institutional buyers. It was subscribed around 2.29 times overall, with Qualified Institutional Buyers (QIBs) leading the demand. Retail investors and High Net-worth Individuals (HNIs) showed moderate participation.
The basis of allotment is expected to be finalized on October 15, 2025. Investors can check their allotment status online through:
The BSE website
The Kfin Technologies portal (the IPO registrar)
After allotment, refunds will be processed and shares will be credited to investors’ demat accounts by October 16, and the stock is likely to list on BSE and NSE on October 17, 2025.
Company Financial Highlight
Canara HSBC Life Insurance has shown steady growth in recent years. The company reported increasing new business premiums, a strong solvency ratio, and growing profits after tax. With a strong backing from public sector banks and HSBC, the company holds a stable position in the Indian insurance market.
Although the IPO does not bring new capital to the company, it helps improve liquidity and brand reputation among investors.
What Should Investors Know
The IPO is fully an Offer for Sale, so proceeds go to existing shareholders.
Institutional investors have shown good interest, which is a positive sign.
GMP has fallen slightly, meaning limited short-term listing gains.
Long-term investors may find value due to the company’s strong parentage and consistent financial growth.
Conclusion
The Canara HSBC Life Insurance Company Ltd IPO is an interesting opportunity for investors looking to invest in the growing Indian insurance industry. With reputed promoters, strong financials, and a broad customer base, it offers long-term stability.
While the Canara HSBC Life Insurance Company Ltd GMP suggests modest listing gains, the company’s fundamentals make it a solid addition for those looking at long-term growth. Keep an eye on Ipoupcoming platforms for the latest updates on this and other upcoming IPOs.
