Issue Price
₹106
Per Share
GMP
+₹2
+1.89% Grey Market
Est. Listing
₹108
Expected Price
Min. Application
₹29,680
2 lots × 140 shares
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 ProductsGovernment Schemes (PMJJBY)Digital Insurance Distribution & Embedded Insurance PartnershipsCanara 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 AgentsDirect Sales and Digital PlatformsBancassurance 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 StrenghtsEstablished parentage and a trusted brand amplifying customer attractionMulti-channel distribution network with PAN-India presenceLong term value creation driven by consistent and profitable financial performanceDiversified product portfolioTechnology integrated business platform with strong focus on automation and digital analyticsExperienced management team supported by a team of dedicated professionals
Canara HSBC Life Insurance Co.Ltd proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| TOTAL | 237,500,000 | 100.00% | ₹2,517.50 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 140 | ₹14,840 |
| Retail (Max) | 13 | 1,820 | ₹192,920 |
| sNII (Min) | 14 | 1,960 | ₹207,760 |
| bNII (Min) | 68 | 9,520 | ₹1,009,120 |
| Particulars | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Revenue from Operations | 42.35 | 234.01 | 240.88 |
| EBITDA | 31.28 | 149.91 | 146.56 |
| Profit After Tax (PAT) | 23.41 | 116.98 | 113.32 |
| Net Worth | 1540.28 | 1516.86 | 1418.88 |
| Total Assets | 44047.98 | 41852.09 | 37815.80 |
| Reserves & Surplus | 590.28 | 566.86 | 468.88 |
| Total Borrowings | N/A | N/A | N/A |