Canara HSBC Life Insurance IPO Final Day: Strong QIB demand pushes issue subscription to over 2x, check for key details

Canara HSBC Life Insurance IPO: The initial public offering (IPO) of Canara HSBC Life Insurance Co.Ltd concluded its final day of public bidding today, October 14. The issue saw an overall subscription of 2.29 times at the end of the session, as per provisional exchange data. At the upper end, the company is targeting a valuation of about Rs 10,000 crore.

The basis of allotment for the IPO shares is expected to be finalised on October 15, 2025, while the stock is expected to list on October 17, 2025.

Canara HSBC Life Insurance IPO subscription status:

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Overall, investors bid for 38.21 crore shares against the total shares on offer amid strong demand from institutional buyers. The overall subscription includes Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs) and Retail Individual Investors (RIIs) categories who subscribed to the issue 7.05 times, 0.33 times and 0.42 times, respectively, out of their allotted portions.

In terms of shares, the QIB, NII and RII categories booked around 33.28 crore, 1.17 crore and 3.43 crore shares out of their reserved portions, respectively.

Canara HSBC Life Insurance IPO details:

The Canara HSBC Life Insurance IPO is a book-building issue of Rs 2,517.50 crore, including an entirely offer for sale (OFS) of 23.75 crore equity shares.

The company has reserved approximately 15.50 lakh equity shares (based on the upper cap) for its eligible employees, offered at a discount of Rs 10 apiece to the issue price.

The lot size for sNII is 14 lots, translating to a minimum investment amount of Rs 2,07,760, and for bNII, it is 68 lots, amounting to Rs 10,09,120.

Being a complete OFS, the IPO proceeds will go directly to the promoters offloading their stakes rather than to the company.

Price band: Rs 100 to Rs 106 per equity share

Subscription date: October 10 to October 14, 2025

Lot size: 140 shares

Minimum investment: Rs 14,840 based on the upper end of the price band

Allotment date: October 15, 2025

Listing date: October 17, 2025, on BSE and NSE

Canara HSBC Life Insurance company profile:

Incorporated in 2007, Canara HSBC Life Insurance is a joint venture promoted by Canara Bank and HSBC Group’s insurance arm.

Presently, Canara Bank holds a 51 per cent stake in the company, while HSBC Insurance (Asia-Pacific) Holdings owns 26 per cent.