About
Canara HSBC Life Insurance Company is a life insurance provider in India, formed as a joint venture between Canara Bank, HSBC Insurance (Asia Pacific) Holdings, and Punjab National Bank. The company offers a range of life insurance products, including term insurance, endowment plans, unit-linked insurance plans (ULIPs), and retirement solutions, catering to the diverse financial needs of its customers. The firm’s distribution network leverages the branch networks of its partner banks, enhancing its reach across the country.
IPO schedule
| Issue open date | 2025-10-10 |
|---|---|
| Issue close date | 2025-10-14 |
| UPI mandate deadline | 2025-10-14 (5 PM) |
| Allotment finalization | 2025-10-15 |
| Refund initiation | 2025-10-16 |
| Share credit | 2025-10-16 |
| Listing date | 2025-10-17 |
| Mandate end date | 2025-10-29 |
| Lock-in end date for anchor investors (50%) | 2025-11-14 |
| Lock-in end date for anchor investors (remaining) | 2026-01-13 |
Financials
| Financial Year Ended | March 2024 | March 2025 | June 2025 |
|---|---|---|---|
| Total Assets | 37815.80 | 41852.09 | 44047.98 |
| Revenue | 240.88 | 234.01 | 42.35 |
| Profit After Tax | 113.32 | 116.98 | 23.41 |
*All figures are in ₹ Crores.
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Overall | ₹2517.50 crores |
| Offer for Sale | ₹2517.50 crores |
Strengths
- Extensive bank branch networks enhance market reach and access.
- A diverse product portfolio caters to varied customer needs.
- Associations with reputable banks build customer trust.
- Experience in life insurance supports effective risk management.
Risks
- Regulatory changes can impact operations and profitability.
- Intense competition may affect growth and pricing.
- Economic downturns can reduce policy purchases.
- Investment earnings are subject to market volatility.
- Heavy reliance on bancassurance might limit growth if strategies shift.
Allotment Status for Canara HSBC Life Insurance Company
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