Market Performance
The Indian stock market today opened to another significant listing buzz as the Canara HSBC Life Insurance IPO launched its subscription window. The public issue, scheduled from October 10 to October 14, 2025, has drawn investor attention across all categories.
By 11:21 AM on Day 1, the IPO had been subscribed 0.04 times overall. The retail category saw a subscription of 0.07 times, while the NII segment recorded 0.02 times. Early data suggests a gradual but steady response from investors tracking the life insurance space.
Main News
The Canara HSBC Life Insurance IPO aims to raise ₹2,517.50 crore through a complete Offer for Sale (OFS) route. This means all proceeds from the issue will go to the selling shareholders, and no new capital will be raised by the company.
The issue price band has been fixed between ₹100 and ₹106 per equity share. Investors can bid in lots, and one lot consists of 140 shares. The IPO will be listed on both major stock exchanges — BSE and NSE — after completion of the allotment process.
Important IPO Details:
- IPO Open Date: October 10, 2025
- IPO Close Date: October 14, 2025
- Total Issue Size: ₹2,517.50 crore
- Price Band: ₹100 – ₹106 per share
- Lot Size: 140 shares per bid
- Listing Venue: BSE, NSE
- IPO Type: Offer for Sale (OFS)
Company Details
Canara HSBC Life Insurance Company Limited is jointly promoted by Canara Bank and HSBC. The company operates in India’s growing life insurance segment, offering a range of life and health insurance products designed for individuals and groups.
The IPO marks an important milestone for the company, giving investors an opportunity to track one of the notable players in India’s private life insurance space. With its joint ownership between a leading public sector bank and a global financial institution, the brand brings both domestic reach and international expertise under one umbrella.
Registrar & Lead Managers:
The IPO’s registrar has been appointed as KFin Technologies Ltd, which will oversee the share allotment and investor-related processes. The book-running lead managers include SBI Capital Markets, BNP Paribas, HSBC Securities & Capital Markets, JM Financial, and Motilal Oswal Investment Advisors.
Summary
The Canara HSBC Life Insurance IPO opened with moderate subscription numbers on the first day, but the strong brand backing of Canara Bank and HSBC has created anticipation in the market.
Here’s a quick recap of the IPO highlights:
- Issue Size: ₹2,517.50 crore (OFS)
- Subscription Period: October 10–14, 2025
- Price Band: ₹100–₹106 per share
- Promoters: Canara Bank & HSBC
- Lot Size: 140 shares
- Registrar: KFin Technologies Ltd
- Listing: BSE & NSE
The focus will now shift to the allotment date (October 15, 2025) and the expected listing date (October 17, 2025) as investors await the next move for one of India’s latest life insurance offerings on the primary market.
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