On October 10, Canara HSBC Life Insurance coverage Firm will make its first public providing. On October 14, the preliminary public providing (IPO), which might be an offer-for-sale (OFS) of 23.75 crore shares, will shut. A day earlier than the debut, the corporate will present anchor traders a portion of the IPO shares.
Quickly, the worth vary that has been permitted by regulators to begin the general public providing will likely be revealed. Promoters Canara Financial institution and HSBC Insurance coverage will unload a portion of their holdings beneath the OFS, whereas investor PNB can even promote its shares.
Monetary Dynamics of Canara HSBC Life Insurance coverage
From INR 91.2 crore in fiscal 2023 to Rs 117 crore in fiscal 2025, the revenue after tax grew at a compound annual progress charge (CAGR) of 13.26%. It was INR 23.4 crore within the three months that resulted in June 2025. Moreover, as of FY25, the embedded worth had grown from INR 4272 crore on the finish of FY23 to Rs 6111 crore. With a solvency ratio of 200.42% as of June 2025, past the required threshold of 150%, Canara HSBC is financially well-capitalised.
As proof of its broad attain and the belief that shoppers have in us for his or her life insurance coverage wants, the corporate has to date coated 10.51 million lives. The problem’s ebook operating lead managers are SBI Capital Markets, BNP Paribas, HSBC Securities and Capital Markets (India), JM Monetary, and Motilal Oswal Funding Advisors.
About Canara HSBC Life Insurance coverage and its Operations
Promoted by Canara Financial institution, HSBC Insurance coverage (Asia-Pacific) Holdings, part of the Hongkong and Shanghai Banking Company Ltd (HSBC) group, and Punjab Nationwide Financial institution (PNB), one other state-owned lender, Canara HSBC Life Insurance coverage Firm is a three-way partnership.
As of March 31, 2024, the enterprise ranked third amongst led life insurers promoted by the general public sector by way of property beneath administration (AUM). Canara HSBC Life Insurance coverage Firm was based in 2007 and has since developed into a serious bank-led personal participant within the Indian life insurance coverage market.
In keeping with the variety of lives coated for Fiscal 2024, it’s the second-largest public sector bank-led life insurer in India. In keeping with the insurer’s DRHP, the corporate’s Annualised Premium Equal (APE) has constantly elevated, reflecting efforts to broaden its choices and increase its market presence.
|
Fast Photographs |
|
•IPO Dates: Opens on October 10, 2025; closes on •Provide Sort: Provide-for-sale (OFS) of 23.75 crore •Anchor Traders: Allotted shares a day earlier than the •Value Vary: To be introduced quickly after regulatory •Promoters Promoting Shares: Canara Financial institution, HSBC |
WIDGET: questionnaire | CAMPAIGN: Easy Questionnaire
