Canara HSBC Life Insurance's IPO to open on October 10
Canara HSBC Life Insurance is launching its IPO from October 10 to 14, 2025.
The offer is a sale of 23.75 crore shares by Canara Bank, HSBC Insurance, and Punjab National Bank.
The price band hasn't been announced yet.
The insurer serves over 10.5 million customers across India
This insurer, backed by Canara Bank and HSBC, serves over 10.5 million customers across India.
From FY22 to FY25, it posted the third-highest growth among bank-led insurers in individual premium income—showing steady momentum with a mix of insurance products.
Profits have grown at a solid pace
Profits have grown at a solid pace: from ₹91.2 crore in FY23 to ₹117 crore in FY25 (a CAGR of 13.26%).
Embedded value climbed from ₹4,272 crore to ₹6,111 crore over the same period.
Its solvency ratio stands strong at 200.42% as of June 2025—well above what regulators require.
SBI Capital Markets, BNP Paribas, HSBC Securities and Capital Markets (India), JM Financial, and Motilal Oswal Investment Advisors are handling the IPO process.