Canara HSBC Life Insurance IPO: GMP, price, important dates and more...
- Krishna Priya
- 7 days ago
- 2 min read
The company has set a price band of ₹100 to ₹106 per equity share, with a lot size of 140 shares, translating to a minimum investment of ₹14,840 for retail investors.
IPO Snapshots
Particulars | Details |
Total Issue Size | ₹2,517.50 Cr |
Fresh Issue | - |
Offer for Sale | ₹2,517.50 Cr |
Face Value | ₹10 |
Price Band | ₹100 to ₹106 |
Lot Size | 140 |
Minimum Investment | ₹14,840 |
Listing | BSE, NSE |
IPO Date | October 10 to October 14, 2025 |
Issue Type | Bookbuilding IPO |
Canara HSBC Life Insurance, established in 2007, is a private life insurance company jointly promoted by Canara Bank and HSBC Insurance (Asia-Pacific) Holdings Limited. It offers a wide product portfolio including individual life insurance, group insurance, retirement solutions, and government schemes with a strong distribution network including bancassurance, brokers, and digital platforms.
Financial Performance
Period Ended | Revenue (₹ Crores) | Profit After Tax (₹ Crores) |
March 2025 | 8,027.46 | 116.98 |
March 2024 | 7,128.70 | 113.32 |
March 2023 | 7,197.38 | 91.19 |
GMP (Grey Market Premium)
As of now, the Grey Market Premium of Canara HSBC Life Insurance IPO (GMP) is ₹2, indicating an estimated listing price of around ₹108 (cap price + GMP). This hints at a modest listing gain of approximately 1.89%.
Peer Comparison
Company Name | CMP Rs. | Market Cap Rs. Cr. | P/E | Sales Rs. Cr. | OPM % | NP 12M Rs. Cr. |
SBI Life Insurance | 1810.40 | 181,504.91 | 72.95 | 121,231.16 | 1.17 | 2,488.12 |
HDFC Life Insurance | 747.30 | 161,124.33 | 85.70 | 99,451.07 | 0.96 | 1,880.20 |
ICICI Pru Life | 597.70 | 86,474.15 | 68.51 | 70,783.41 | 1.68 | 1,262.17 |
Canara HSBC Life | - | - | - | 8,027.46 | - | 116.98 |
Use of Proceeds
As this IPO is an Offer for Sale, all proceeds will go to the selling shareholders, not the company.
Disclaimer: This content is for educational purposes only; please conduct your own research and consult with a qualified investment advisor before making any investment decisions.
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