**Canara HSBC Life Insurance to Launch IPO on October 10**
*By Dwaipayan Roy | October 5, 2025*
Canara HSBC Life Insurance Company is set to launch its first-ever initial public offering (IPO) on October 10, 2025. The IPO will be a complete offer-for-sale (OFS) consisting of 23.75 crore shares and is scheduled to close on October 14. Ahead of the launch, a portion of the shares will be reserved for anchor investors one day prior.
### IPO Details and Pricing
The price band for the public offer has been approved by regulators and will be announced shortly. The OFS will involve promoter stake sales from Canara Bank and HSBC Insurance. Additionally, investor and selling shareholder Punjab National Bank (PNB) will participate in the sale of shares.
### Strong Market Position and Growth
According to a Crisil report, Canara HSBC Life Insurance’s individual weighted premium income (WPI) has grown at the third highest rate among bank-led insurers between FY2022 and FY2025, reflecting its strong market presence.
The company has demonstrated steady growth in its annualized premium equivalent (APE) over recent years. Its profit after tax has increased at a compound annual growth rate (CAGR) of 13.26%, rising from ₹91.2 crore in FY2023 to ₹117 crore in FY2025. Moreover, the embedded value expanded significantly from ₹4,272 crore at the end of FY2023 to ₹6,111 crore as of FY2025.
### Financial Strength and Customer Reach
As of June 2025, Canara HSBC Life Insurance maintained a robust solvency ratio of 200.42%, comfortably above the regulatory minimum requirement of 150%. The company has also insured over 10.51 million lives, underscoring its extensive reach and the trust it has earned from customers.
### Lead Managers
The IPO is being managed by a consortium of leading financial institutions, including SBI Capital Markets, BNP Paribas, HSBC Securities & Capital Markets (India), JM Financial, and Motilal Oswal Investment Advisors, who serve as the book running lead managers for the issue.
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Stay tuned for further updates on Canara HSBC Life Insurance’s IPO as the price band is announced. This offering marks a significant milestone for the company as it seeks to expand its footprint in the life insurance sector.
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