Key Highlights of the Fundraise
The insurer has allotted around 7.08 crore equity shares to 33 anchor investors at a price of ₹106 per share. This anchor book saw strong participation from some of India’s leading mutual funds and global investors.
Major Anchor Investors
Several well-known names have invested in this pre-IPO round, including:
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ICICI Prudential Mutual Fund
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HDFC Mutual Fund
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DSP Mutual Fund
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WhiteOak Capital
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Mirae Asset Mutual Fund
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Allianz Global Investors Fund
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Amundi Funds
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Matthews India Fund
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Tata Mutual Fund
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Motilal Oswal Mutual Fund
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Société Générale
This strong lineup reflects market confidence in Canara HSBC Life’s growth potential.
Canara HSBC Life IPO Details
The Canara HSBC Life IPO GMP opens for subscription on October 10 and closes on October 14, 2025. The price band for the issue is set between ₹100 and ₹106 per share.
At the upper end of the price band, the company targets a valuation of around ₹10,000 crore.
Offer for Sale (OFS) Breakdown
The IPO is a complete Offer for Sale (OFS) of 23.75 crore shares by existing shareholders. Hence, the company will not receive any proceeds from the public issue.
Here’s the breakup of share sales:
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Canara Bank: 13.77 crore shares
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HSBC Insurance (Asia-Pacific) Holdings Ltd: 47.5 lakh shares
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Punjab National Bank: 9.5 crore shares
Share Allocation for Investors
As per the IPO structure:
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50% is reserved for Qualified Institutional Buyers (QIBs)
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35% for Retail Investors
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15% for Non-Institutional Investors (NIIs)
Investors can apply for a minimum of 140 shares and in multiples thereafter.
Expected Listing Date
The Canara HSBC Life IPO GMP listing is expected to take place on October 17, 2025, on the BSE and NSE.
The strong response from institutional investors highlights market trust in Canara HSBC Life Insurance’s business model and growth prospects. With a solid anchor investor base and established promoters, the upcoming IPO is expected to draw significant interest from retail and institutional buyers alike.
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