Canara HSBC Life IPO Sees Steady Uptake on Day 2; Retail and Employee Segments Dominate Bidding

Mumbai, October 13, 2025 – There was a steady increase in investor interest in the ₹2518 crore IPO (Initial Public Offering) of Canara HSBC Life Insurance Company Limited after the weekend break. As of 03:30 PM, the issue was subscribed to 0.25 times across BSE and NSE. The issue will close on Tuesday, and the listing is scheduled for October 17.

Canara HSBC Life Subscription Status as of 03:30 PM, October 13, 2025

As of Day 2, the Canara HSBC Life IPO has seen a muted response, with subscriptions at only 0.25 times overall. The Anchor Investor portion is fully subscribed at 1.0x, contributing ₹750.32 crore, while QIB (Ex-Anchor) and Retail categories saw limited participation at 0.32x and 0.26x, respectively. Non-Institutional Investors (NII) lagged with only 0.12x subscription-both bNII (₹10L+) and sNII (<₹10L) remaining under 0.25x. The Employee category showed the best response at 1.08x. In total, 1.06 lakh applications have been received, reflecting lukewarm investor sentiment so far.

Canara HSBC Life IPO Institutional Demand Yet to Emerge

The institutional investors have not yet expressed their interest in the issue and have contributed only 0.32 times (QIBs) of their allocated portions. However, it is often witnessed that most large-sized QIBs enter the fray on the final day of the issue.

Canara HSBC Life Anchor Book Recap

On October 9, the insurer raised ₹750.32 crore from 33 anchor investors, allocating shares at ₹106 apiece. Major participants included HDFC Balanced Advantage Fund, ICICI Prudential Banking & Financial Services Fund, Mirae Asset ELSS Tax Saver Fund, Allianz Global Investors Fund, Pictet Indian Equities, and Amundi Funds New Silk Road. Over 60% of the anchor allotment was subscribed by domestic mutual funds.

Canara HSBC LifeIPO Snapshot

The ₹2,518 crore IPO of Canara HSBC Life Insurance Company Limited is a pure Offer for Sale (OFS) by its promoters. The price band is set between ₹100 and ₹106 per share, with a lot size of 140 shares (₹14,840 per lot). The issue remains open from October 10 to 14, 2025, and the shares are scheduled to list on October 17, 2025. Each share carries a face value of ₹10.

Company Overview

Canara HSBC Life Insurance Company is a joint venture between Canara Bank, HSBC Insurance (Asia Pacific), and Punjab National Bank. The company provides a wide range of insurance services to retail customers, including life insurance, retirement, and protection products.

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