Canara HSBC Life Raises ₹750 Crore from Anchor Investors Ahead of IPO Launch

Canara HSBC Life Insurance IPO: Anchor Investment & Key Details

Canara HSBC Life Insurance Company Ltd has successfully raised ₹750 crore from anchor investors ahead of its much-awaited Initial Public Offering (IPO). The insurer allotted about 7.08 crore equity shares at ₹106 per share to 33 institutional investors, marking strong market confidence in the company’s growth story.

Some of the notable anchor investors include ICICI Prudential Mutual Fund, HDFC Mutual Fund, DSP Mutual Fund, WhiteOak Capital, Mirae Asset MF, Allianz Global Investors Fund, Amundi Funds, Matthews India Fund, Tata MF, Motilal Oswal MF, and Societe Generale.

Canara HSBC Life IPO Details

• IPO Opening Date: October 10, 2025

• IPO Closing Date: October 14, 2025

• Price Band: ₹100 – ₹106 per share

• Total Issue Size: ₹2,516 crore

• Issue Type: 100% Offer for Sale (OFS)

• Expected Listing Date: October 17, 2025

• Lot Size: 140 shares per bid

This IPO is entirely an Offer for Sale, meaning the company itself will not receive proceeds from the issue. Instead, funds will go to the selling shareholders, including Canara Bank, HSBC Insurance (Asia-Pacific) Holdings Ltd, and Punjab National Bank (PNB).

About Canara HSBC Life Insurance

Founded in 2007, Canara HSBC Life Insurance Company Ltd is a joint venture between Canara Bank (51%) and HSBC Group’s Asia-Pacific arm (26%), with the rest owned by Punjab National Bank. The company has established itself as a bank-led private life insurer, offering a broad range of life insurance and wealth management solutions.

Analyst View

Market experts believe that the Canara HSBC Life IPO is likely to attract strong investor interest, given the brand trust of its promoters, the steady growth of the Indian insurance sector, and the robust anchor investor lineup. However, as this is an Offer for Sale, investors should evaluate the company’s fundamentals and market outlook before submitting their application.

Disclaimer

This article is for informational purposes only and does not constitute financial advice or an investment recommendation. Investors are advised to consult with their financial advisors before making any investment decisions.