Canara HSBC Life IPO worth ₹2,517.50 Cr, will open for subscription from 10 Oct to 14 Oct 2025. Canara HSBC Life IPO allotment is expected on 15 Oct, and shares are likely to be listed on BSE & NSE on 17 Oct. Price band for the IPO is set between ₹100 to ₹106 per share and Canara HSBC Life IPO GMP today is ₹10.
Canara HSBC Life IPO GMP Live Rates Day by Day
Canara HSBC Life GMP today (10th Oct 2025) stands at 9.43%. GMP values change daily, and we’ll keep you updated with the latest figures.
Remember, Grey Market Premium (GMP) is an unofficial price at which an IPO trades before listing, offering an early hint of its performance. A positive GMP indicates potential gains, while a negative GMP signals a discount. However, since GMP is highly volatile, investors should not rely on it alone and must consider other factors before investing in the Canara HSBC Life IPO.
GMP figures are for news purposes only. We neither trade nor recommend trading in the grey market.
| GMP Date | IPO Price | GMP | Estimated Listing Price | Estimated Profit |
|---|---|---|---|---|
| 10-10-2025 | ₹ 106 | ₹ 10 | ₹116 (9.43%) | ₹ 1,400 |
| 09-10-2025 | ₹ 106 | ₹ 10 | ₹116 (9.43%) | ₹ 1,400 |
Canara HSBC Life IPO Details
- Canara HSBC Life Insurance’s IPO is valued at ₹2,517.50 crore and consists entirely of an Offer for Sale (OFS) of 23.75 crore shares.
- Canara HSBC Life’s IPO will open for subscription on 10 Oct 2025 and close on 14 Oct 2025.
- Canara HSBC Life’s IPO allotment is likely to take place on 15 Oct 2025 and the shares are expected to be listed on BSE and NSE on 17 Oct 2025.
- Canara HSBC Life’s promoters currently hold 77% of the company but after the IPO, promoters' holdings will come down.
- Kfin Technologies Ltd. will be the registrar for Canara HSBC Life’s IPO.
Canara HSBC Life IPO Dates
Here are some important dates for Canara HSBC Life Insurance IPO.
| IPO Open Date | 10-Oct-25 |
| IPO Close Date | 14-Oct-25 |
| IPO Allotment Date | 15-Oct-25 |
| Initiation of Refunds | 16-Oct-25 |
| Demat Credits | 16-Oct-25 |
| Listing Date | 17-Oct-25 |
| Listing on | BSE, NSE |
Canara HSBC Life IPO Reservation
For Canara HSBC Life IPO, 35% has been reserved for retail investors.
| Investor Category | Shares Offered |
|---|---|
| QIB Investors | 50% |
| Retail Investors | 35% |
| NII (HNI) Investors | 15% |
Canara HSBC Life IPO Lot Size
Retail investors can apply for a minimum of 1 lot, which includes 140 shares costing ₹14,840. Maximum investment allowed for retail investors is 13 lots, which totals 1,820 shares and costs ₹1,92,920.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 140 | ₹ 14,840 |
| Retail (Max) | 13 | 1,820 | ₹ 1,92,920 |
| S-HNI (Min) | 14 | 1,960 | ₹ 2,07,760 |
| S-HNI (Max) | 67 | 9,380 | ₹ 9,94,280 |
| B-HNI (Min) | 68 | 9,520 | ₹ 10,09,120 |
About Canara HSBC Life IPO
Canara HSBC Life India, incorporated in 1997, is a subsidiary of the South Korean multinational LG Corporation. The company manufactures and distributes a wide range of home appliances and consumer electronics in India, including refrigerators, washing machines, televisions, air conditioners, and microwave ovens. It caters to both B2C and B2B customers within the country as well as in overseas markets.
LG has established a strong presence in India with two advanced manufacturing facilities located in Noida and Pune, where nearly all of its products are manufactured locally. Supporting this production capacity is a large supply chain network that includes central and regional distribution centres, product warehouses, and thousands of sub-dealers across the country.
To ensure smooth customer support, LG also operates a widespread service network with hundreds of service centres, thousands of engineers, and multiple call centres that handle installation, maintenance, and repair services. This makes its after-sales service accessible not only in urban areas but also in smaller towns and rural regions.
The company follows the brand philosophy “Life’s Good When We Do Good,” highlighting its focus on quality products, reliable services, and meaningful contributions to customers’ lives.
Canara HSBC Life IPO Financial Performance
In FY2025, Canara HSBC Life Insurance reported steady asset growth to ₹44,047.98 crore, but both income and profitability declined. Overall, the company remained financially stable with growing assets but faced lower earnings during the year. All financial details are provided in the table below.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets (₹Cr) | 44,047.98 | 41,852.09 | 37,815.80 |
| Total income (₹Cr) | 42.35 | 234.01 | 240.88 |
| PAT (₹Cr) | 23.41 | 116.98 | 113.32 |
| EBITDA (₹Cr) | 31.28 | 149.91 | 146.56 |
| Net Worth | 1,540.28 | 1,516.86 | 1,418.88 |
| Reserves and Surplus | 590.28 | 566.86 | 468.88 |
| Debt/Equity | NA | NA | NA |
| ROE (%) | 6.9 | 8.2 | 7.71 |
Canara HSBC Life IPO Peer Comparison from RHP
Canara HSBC Life reported the lowest EPS of ₹1.23 and a P/E ratio of 86.18x, indicating relatively modest earnings compared to peers.
The table below shows peer comparison from RHP data.
| Company | EPS Diluted (₹) | P/E (x) |
|---|---|---|
| Canara HSBC life | 1.23 | 86.18 |
| SBI Life | 24.07 | 74.16 |
| HDFC Life | 8.41 | 90.27 |
Canara HSBC Life IPO Strengths and Weaknesses
Knowing about the strengths and weaknesses of Canara HSBC Life IPO helps you make an informed decision.
- Large bank network helps the company reach customers across India.
- Wide range of insurance plans to suit different customer needs.
- Strong ties with trusted banks increase customer confidence.
- Good experience in the insurance sector helps manage risks effectively.
- Changes in government rules can affect business and profits.
- High competition may slow down growth or reduce pricing power.
- Poor economic conditions can lower demand for insurance policies.
- Heavy dependence on partner banks may limit growth if their focus changes.
Canara HSBC Life IPO GMP FAQs
What is Canara HSBC Life IPO GMP Today?
Canara HSBC Life IPO GMP today is ₹10.
What are Canara HSBC Life IPO Expected Returns?
Canara HSBC Life IPO Expected Returns are 9.43%, as of 10 Oct, this may change in the coming days.
When will Canara HSBC Life IPO open and close?
Canara HSBC Life’s IPO will open for subscription on 10 Oct 2025 and close on 14 Oct 2025.
What is the lot size for Canara HSBC Life IPO?
Retail Investors can bid for a minimum of 1 lot, which includes 140 shares. And one lot will cost you around ₹14,840.
What is the share allotment date for Canara HSBC Life IPO?
The allotment of shares is expected to be completed by 15 Oct 2025.
Who is the registrar of Canara HSBC Life IPO?
Kfin Technologies Ltd is the registrar for Rubicon Research’s IPO.
Is Canara HSBC Life IPO good to buy?
Canara HSBC Life IPO shows moderate prospects with a GMP of ₹10 (around 9.4%), suggesting limited listing gains. Investors may apply cautiously for short-term gains but should assess long-term growth carefully.
Happy investing and thank you for reading!
Disclaimer:
This website content is only for educational purposes, not investment advice. Before making any investment, it’s important to do your own research and be fully informed. Investing in the stock market includes risks, and you should carefully read the Risk Disclosure documents before proceeding. Please remember that past performance doesn’t guarantee future results, and due to market fluctuations, your investment goals may not always be achieved.
