Upcoming IPO: Canara HSBC Life Insurance Files IPO Papers With SEBI
Posted by : sachet | Wed Apr 30 2025

Upcoming IPO: Canara HSBC Life Insurance files IPO DRHP (Draft Red Herring Prospectus) with SEBI. According to the CRISIL report, the company ranks among the top 5 bank-led life insurers in India. As backed by Canara Bank, Canara HSBC Life Insurance reflects a 2-year CAGR (Compound Annual Growth Rate) of 232.61%.
Canara HSBC Life Insurance IPO Details
- Canara HSBC Life Insurance IPO is entirely an offer for sale (OFS) for 23.75 crore equity shares.
- The Canara HSBC Life Insurance shares are set to be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
- SBI Capital Markets, BNP Paribas, HSBC Securities & Capital Markets, JM Financial, and Motilal Oswal Investment Advisors are the book-running lead managers of the Canara HSBC Life Insurance IPO.
- Punjab National Bank (PNB) is to sell 9.5 crore equity shares in this IPO.
- Canara Bank is to sell 13.77 crore equity shares in this IPO.
- HSBC Insurance (Asia-Pacific) Holdings Limited will sell 4.75 lakh shares in this IPO.
- Since it is an offer for sale, the company will not receive any proceeds from the public issue.
- Canara HSBC Life Insurance IPO will raise around ₹16,500 crore from the market.
About Canara HSBC Life Insurance
Canara HSBC Life Insurance is an Indian life insurance company headquartered in Gurugram, Haryana. It was founded in 2008 through a joint venture between Canara Bank, HSBC Insurance (Asia-Pacific) Holdings Limited, and Punjab National Bank. Shareholding pattern of Canara HSBC Life Insurance is mentioned below.
Promoters | Shareholding (in %) |
Canara Bank | 51% |
HSBC Insurance (Asia-Pacific) Holdings Limited | 23% |
Punjab National Bank | 23% |
Final Thoughts
Canara HSBC Life Insurance files for IPO DRHP with the Securities Exchange Board of India (SEBI). The IPO is all set to gather investors’ attention in the Indian stock market. It is entirely an offer for sale of 23.75 crore shares worth ₹16,500 crore.
For regular stock updates, dividend alerts, and expert verdicts, stay informed with Univest!
Disclaimer: Investment in the share market is subject to risk. This news article is for informational purposes only. Conduct your own research before investing in shares and other securities.
Recent News Articles
Ambuja Cements Q4 Results 2025: Standalone Net Profit Surged 74.51% YoY; Check Key Highlights
Stock Market Today: Sensex/Nifty Trade Flat Despite Market Volatility; Check Key Reasons
Bajaj Finance Q4 Results 2025: Net Profit Jumps 19% YoY; Stock Split & Bonus Issue Announced
BPCL Q4 Results 2025 Out: Net Profit Declines 8% and Revenue by 4%; Check Key Details
Other News Articles
IRFC Q4 Results 2025 Declares Net Profit Drops by 2%: Check Key Highlights Here!
PNB Housing Finance Q4 Results 2025: Profit Up 25% & Share Price Surges 10%: Check More
Force Motors Q4 Results 2025: Consolidated Net Profit Up 210% to ₹434.71 Cr | Check Details
Arunaya Organics IPO GMP: Day 1 IPO Live Updates
Stock Market Today: Sensex Trades Flat Post Positive Opening; Nifty50 Tests 24,350
Kenrik Industries IPO GMP: Day 1 IPO Live Updates
Stocks to Watch Today: 29th April 2025 | UCO Bank, DMART, Wipro, IOL Chemicals, CESC & More!

Related Posts
Wagons Learning IPO GMP & Review: Apply or Avoid?
Varun Beverages Q4 Results 2025: Consolidated Net Profit Surges 33.45% YoY; Check Further Details!
Federal Bank Q4 Results 2025 Highlights: Surge in Net Profit by 14%
JSW Infrastructure Q4 Results 2025 Announced: Consolidated Net Profit Rises by 56%
Bandhan Bank Q4 Results 2025: Profit Jumps 483% YoY With Low Provisions
CRISIL Q4 Results 2025: Consolidated Profit Jumps 16% to ₹159.8 Cr | Check For More!