Canara HSBC Life Insurance to launch IPO on October 10

**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.

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.
https://www.newsbytesapp.com/news/business/everything-we-know-about-canara-hsbc-life-insurance-s-ipo/story

Shubhanshu Shukla appointed brand ambassador of ‘Viksit Bharat Buildathon’

**Shubhanshu Shukla Appointed Brand Ambassador of ‘Viksit Bharat Buildathon’**

*By Dwaipayan Roy | Oct 05, 2025, 06:41 PM*

Group Captain Shubhanshu Shukla, the first Indian to reach the International Space Station (ISS), has been officially appointed as the brand ambassador for the “Viksit Bharat Buildathon.” This nationwide innovation movement targets students from classes 6 to 12, encouraging them to create innovative solutions that drive India’s development.

**A Nationwide Innovation Movement for Students**

The “Viksit Bharat Buildathon” is set to be the largest school hackathon in India. Organized by the Ministry of Education in collaboration with the Atal Innovation Mission, over one crore students from approximately 1.5 lakh schools across the country are expected to participate.

This extensive initiative invites young minds to ideate, design, and develop prototypes focusing on four vital themes:

– **Aatmanirbhar Bharat (Self-Reliant India)**
– **Swadeshi (Indigenous Products)**
– **Vocal for Local (Promoting Local Products)**
– **Samriddhi (Prosperity)**

Through these themes, the Buildathon aims to nurture creativity and problem-solving skills while fostering a spirit of national pride and self-sufficiency among students.

**Shubhanshu Shukla’s Role and Vision**

Group Captain Shukla, a 39-year-old Indian Air Force officer and test pilot, completed his maiden space voyage with the Axiom-4 mission, becoming only the second Indian to travel to space after Rakesh Sharma’s iconic 1984 flight.

Recently, Shukla met with School Education Secretary Sanjay Kumar to discuss the vision for the Buildathon, emphasizing the importance of empowering young innovators to contribute toward building a developed India.

**Event Timeline and Participation Details**

The “Viksit Bharat Buildathon” was officially launched on September 23, with registrations open until October 6. The live hackathon event is scheduled for October 13, and winners will be announced in December.

Students from classes 6 to 12 are encouraged to form teams and participate actively, developing creative ideas and prototypes that tackle real-life challenges aligned with the four national themes.

Don’t miss the chance to be part of this exciting journey toward innovation and progress. Register before the deadline and help build a Viksit Bharat!
https://www.newsbytesapp.com/news/science/space-traveler-becomes-viksit-bharat-buildathon-brand-ambassador/story

Shubhanshu Shukla appointed brand ambassador of ‘Viksit Bharat Buildathon’

**Shubhanshu Shukla Appointed Brand Ambassador of ‘Viksit Bharat Buildathon’**

*By Dwaipayan Roy | Oct 05, 2025, 06:41 PM*

Group Captain Shubhanshu Shukla, the first Indian to reach the International Space Station (ISS), has been appointed as the brand ambassador for the **”Viksit Bharat Buildathon”**—a nationwide innovation movement targeting students from classes 6 to 12.

### Largest School Hackathon in India

The “Viksit Bharat Buildathon” is poised to be the largest school hackathon in India, with over **one crore students** from around **1.5 lakh schools** expected to participate. This ambitious initiative is organized by the **Ministry of Education** in collaboration with the **Atal Innovation Mission**.

### Themes and Participation

The hackathon encourages young minds to ideate, design, and develop prototypes based on four key national themes:

– **Aatmanirbhar Bharat** (Self-reliant India)
– **Swadeshi** (Indigenous products)
– **Vocal for Local** (Promoting local products)
– **Samriddhi** (Prosperity)

Students from classes 6 to 12 are invited to form teams and creatively address real-life challenges through this platform.

### Shubhanshu Shukla’s Vision

Group Captain Shubhanshu Shukla, a 39-year-old Indian Air Force officer and test pilot, recently completed his maiden space voyage aboard the Axiom-4 mission. He became only the second Indian to travel to space, following Rakesh Sharma’s iconic flight in 1984.

On October 4, Shukla met with School Education Secretary Sanjay Kumar to discuss the vision and objectives of the Buildathon, underlining the event’s national significance and potential impact.

### Event Timeline

– **Registration Deadline:** October 6, 2025
– **Event Date:** October 13, 2025
– **Winners Announcement:** December 2025

With registration closing soon, students are encouraged to participate actively and showcase their innovative solutions that contribute towards building a developed and self-reliant India.

For more details and registration, visit the official Buildathon website. Join the movement to build a **Viksit Bharat!**
https://www.newsbytesapp.com/news/science/space-traveler-becomes-viksit-bharat-buildathon-brand-ambassador/story

Shubhanshu Shukla appointed brand ambassador of ‘Viksit Bharat Buildathon’

**Shubhanshu Shukla Appointed Brand Ambassador of ‘Viksit Bharat Buildathon’**

*By Dwaipayan Roy | October 5, 2025, 6:41 PM*

Group Captain Shubhanshu Shukla, the first Indian to reach the International Space Station (ISS), has been named the brand ambassador for the “Viksit Bharat Buildathon.” This nationwide innovation movement targets students from classes 6 to 12 and is organized by the Ministry of Education in collaboration with the Atal Innovation Mission.

### Massive Student Participation Expected

The “Viksit Bharat Buildathon” is set to become the largest school hackathon in India, with over one crore students from around 1.5 lakh schools participating across the country. The initiative inspires young minds to ideate, design, and develop prototypes based on four key themes:
– **Aatmanirbhar Bharat** (Self-reliant India)
– **Swadeshi** (Indigenous)
– **Vocal for Local** (Promoting local products)
– **Samriddhi** (Prosperity)

### A Visionary Discussion

Shubhanshu Shukla, a 39-year-old Indian Air Force officer and test pilot who recently completed his maiden space mission aboard the Axiom-4, is only the second Indian to go into space after Rakesh Sharma’s historic flight in 1984.

On Saturday, Shukla met with School Education Secretary Sanjay Kumar to discuss the vision and objectives of the Buildathon, reinforcing the event’s emphasis on innovation and national development.

### Important Dates and Participation Details

The “Viksit Bharat Buildathon” was officially launched on September 23, with registrations open until October 6. The live event is scheduled for October 13, and winners will be announced in December.

Students from classes 6 to 12 are encouraged to form teams and collaborate creatively to develop innovative ideas and prototypes addressing real-world challenges aligned with the four national themes.

For more information and to register, students and educators can visit the official Buildathon website before the registration deadline. Join this exciting movement to contribute to a developed and self-reliant India!
https://www.newsbytesapp.com/news/science/space-traveler-becomes-viksit-bharat-buildathon-brand-ambassador/story

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