Canara HSBC Life Insurance IPO Day 2 Subscription Status

Canara HSBC Life Insurance IPO Day 2: Subscription Status

Canara HSBC Life Insurance Co. Ltd., one of India’s leading private life insurers, launched its much-awaited Initial Public Offering (IPO) on October 10, 2025. The public issue will remain open for subscription until October 14, 2025. The allotment process is expected to be completed on October 15, and the shares are likely to be listed on NSE and BSE on October 16, 2025.

Canara HSBC Life Insurance IPO Details

The Canara HSBC Life Insurance IPO is a book-built issue of ₹2,517.50 crore. The entire issue is an Offer for Sale (OFS), with existing shareholders — Canara Bank, HSBC Insurance (Asia-Pacific) Holdings Limited, and Punjab National Bank — selling a total of 23.75 crore shares.

Key Highlights:

• Price Band: ₹100 – ₹106 per share

• Lot Size: 140 shares per application

• Minimum Investment (Retail): ₹14,840 (at the upper band)

• Issue Type: 100% Offer for Sale

• IPO Open Date: October 10, 2025

• IPO Close Date: October 14, 2025

• Allotment Date: October 15, 2025

• Tentative Listing Date: October 16, 2025

SBI Capital Markets, BNP Paribas, HSBC Securities, JM Financial, and Motilal Oswal are acting as the book-running lead managers, while KFin Technologies serves as the registrar for the issue.

Day 2 Subscription Status

By 12:27 PM on Day 2, the Canara HSBC Life Insurance IPO was subscribed 0.05 times overall.

Category-wise subscription:

• Retail Individual Investors (RIIs): 0.09×

• Non-Institutional Investors (NIIs): 0.03×

• Employees: 0.26×

• Qualified Institutional Buyers (QIBs): 0×

The IPO saw a modest start on its opening day. However, experts anticipate increased participation from retail and institutional investors in the coming sessions as the issue gains visibility and traction.

About Canara HSBC Life Insurance

Canara HSBC Life Insurance is a joint venture between three prominent financial institutions — Canara Bank, HSBC Insurance (Asia-Pacific) Holdings, and Punjab National Bank. The company offers a wide range of insurance products catering to various financial needs, including:

• Savings and endowment plans

• Term and protection policies

• Retirement and pension plans

• Group credit life products

• Government-backed schemes like PMJJBY (Pradhan Mantri Jeevan Jyoti Bima Yojana)

In FY 2025, the company reported total revenue of ₹8,027.46 crore, up from ₹7,128.70 crore in FY 2024. The net profit stood at ₹116.98 crore, showing steady growth despite a competitive market landscape.

Market Outlook

The IPO’s Day 2 subscription numbers indicate a cautious start. However, investor interest could rise as the issue progresses, driven by long-term growth potential and strong institutional backing. The Grey Market Premium (GMP) and subsequent subscription trends will be key indicators to watch in the coming days.

For long-term investors interested in the insurance and financial services space, the Canara HSBC Life Insurance IPO presents a fundamentally sound opportunity backed by credible promoters and a proven business model.