Canara HSBC Life Insurance IPO dates announced. Check key details

Canara HSBC Life Insurance Company will launch its first public offer on 10 October. The IPO, which will be fully an offer for sale (OFS) of 23.75 crore shares, will be closed on October 14. The company will assign part of the IPO shares to investors a day prior to the launch.

The price band, which has received a regulatory kink for launching the public offer, will be announced shortly.

Among the OFS, promoters Canara Bank and HSBC Insurance will discharge their partial interests, and investors who sell shareholder PNB will also participate.

Company overview

Canara HSBC Life Insurance is a private life insurer in India and promoted by Canara Bank and HSBC insurance. According to the Crisil report, the individual weighted premium income (WPI) of the company became the third highest insurers guided insurers between tax 2022 and tax 2025.

The company’s annual premivalent (APE) of the company has grown consistently in the year and reflects efforts to expand its products and services.

The profit after the tax has risen with a CAGR of 13.26% of RS 91.2 CRORE in Fiscal 2023 to RS 117 CRORE in Fiscal 2025 and was RS 23.4 CRORE in the three -month period ended in June 2025. The embedded value took up from RS 4272 to the Rs. End Fy23. HSBC has been well capitalized with a solvency ratio of 200.42% from June 2025, which is above the legal requirement of 150%. So far, the company has yielded coverage to 10.51 million lives, which demonstrates its extensive range and the reliance customers are taking place for their life insurance solutions.

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