Canara Hsbc Life Insurance Company Limited IPO is fully book build issue and total IPO size is ₹null crores. The entire share offering is an offer for sale of 237500000 shares.
The dates for the Canara Hsbc Life Insurance Company Limited IPO have not been announced yet. The allotment process is expected to be finalized by [.].
The Canara Hsbc Life Insurance Company Limited IPO is scheduled to list on BSE, NSE, with a listing date of [.]. The price band for the Canara Hsbc Life Insurance Company Limited IPO has not been announced yet.
Registrar for this IPO is Kfin Technologies Limited and lead managers for Canara Hsbc Life Insurance Company Limited IPO are Sbi Capital Markets Limited, Bnp Paribas, Hsbc Securities & Capital Markets (India) Private Limited, Jm Financial Limited, Motilal Oswal Investment Advisors Limited.
IPO Schedule
| IPO Open Date | - |
|---|---|
| IPO Close Date | - |
| IPO Allotment Date | - |
| Refund Initiation | - |
| Share credit in Demat | - |
| Listing Date | - |
Key Details
| Price Band | TBA |
|---|---|
| Lot Size | TBA |
| Face Value | ₹10 Per Equity Share |
| Total Issue Size | 237,500,000 Shares |
| Fresh Issue | - |
| OFS Issue | 237,500,000 Shares |
| Issue Type | Offer for Sale |
| Listing At | BSE, NSE |
Share Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB | 50% |
| Retail | 35% |
| NII/HNI | 15% |
About Canara Hsbc Life Insurance Company Limited Company
Canara HSBC demonstrates strong performance among bank-led insurance players. The company maintains a focus on automation to optimize processes, reflected in its significant investment in IT. For Fiscal 2024, Canara HSBC recorded a claim settlement ratio of 99.31%, ranking fourth amongst its peers.
Furthermore, Canara HSBC exhibits robust financial health, holding the second-highest solvency ratio among bank-led insurers for Fiscal 2024 and a third-lowest surrender ratio for the nine months ended Fiscal 2025. The company also boasts the second-highest dividend payout ratio for Fiscal 2024. From Fiscal 2022 to Fiscal 2024 Canara HSBC witnessed the second highest increase in Net Promoter Score (NPS). Canara HSBC has the fourth lowest total cost and the fourth highest solvency ratio in its 16th full year of operation as compared to bank led insurance players.
Canara Hsbc Life Insurance Company Limited Financial Details
| Period Ended | December 31 2024 | December 31 2023 | March 31 2024 | March 31 2023 | March 31 2022 |
|---|---|---|---|---|---|
| Assets | 40316.50 | 35695.91 | 37815.80 | 30548.89 | 26548.52 |
| Revenue | 7862.61 | 8244.97 | 11755.72 | 8354.49 | 8411.76 |
| Profit After Tax | 84.89 | 77.09 | 113.32 | 91.19 | 10.24 |
| Net Worth | 1484.78 | 1401.66 | 1418.88 | 1353.07 | 1290.37 |
| Reserves and Surplus | 534.78 | 451.66 | 468.88 | 403.07 | 340.37 |
| Total Borrowing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
₹ In Crore
Key Performance Indicator
| Basic EPS (in ₹) | Return on Net Worth (RoNW) | Net Asset Value (NAV) | Debt-Equity Ratio | Return on Equity (ROE) | Return on Capital Employed (ROCE) |
|---|---|---|---|---|---|
| 1.19 | 8.18% | 14.94 |
Offer Objectives
The Offer comprises an Offer for Sale (OFS) of up to 23.75 crore Equity Shares, with a face value of ₹10 each, by the Selling Shareholders, aimed at aggregating up to ₹[●] crore. The primary objectives are to execute the OFS and leverage the advantages of listing the Equity Shares on the Stock Exchanges.
Listing is expected to boost the company's visibility and brand reputation, providing liquidity and establishing a public market for its Equity Shares in India. The company will not receive any proceeds from the Offer; instead, all proceeds, after deducting Offer-related expenses and relevant taxes, will go to the Selling Shareholders.
Estimated Offer expenses amount to approximately ₹[●] crore. These costs cover a range of items including listing fees, underwriting fees, selling commissions, brokerage, fees payable to Book Running Lead Managers, legal counsel, Registrar to the Offer, processing fees to SCSBs, printing, advertising, marketing, and incidental expenses for listing on the Stock Exchanges.
The Selling Shareholders will bear all Offer-related costs, excluding the listing fees, audit fees of the Joint Statutory Auditors, corporate or product advertisements in the ordinary course of business by the Company which will be borne by the Company , and related expenses. These expenses will be reimbursed to the Company by the Selling Shareholders in proportion to the Equity Shares offered in the Offer. In case of postponement, withdrawal, or failure of the Offer, the Selling Shareholders will reimburse the accrued expenses to the Company.
Company Details
Address:
Registered Office: 8th Floor, Unit No. 808 -814, Ambadeep Building, Kasturba Gandhi Marg, Connaught Place, Central Delhi, New Delhi 110 001 , Delhi, India
Corporate Office: 35th Floor , Tower 1 , M3M International Financial Centre , Golf Course Extension Road , Sector 66 , Gurugram 122 0 02, Haryana, India
Phone: +91 0124 4506761
Email: [email protected]
Website: http://www.canarahsbclife.com
IPO Registrar Details
KFin Technologies Limited
Phone: +91 40 6716 2222, 1800 3094001
Email: [email protected]
Website: http://www.kfintech.com
Offer Prospectus & Documents
Lead Managers
- Sbi Capital Markets Limited
- Bnp Paribas
- Hsbc Securities & Capital Markets (India) Private Limited
- Jm Financial Limited
- Motilal Oswal Investment Advisors Limited
