Canara HSBC Life Insurance Company Ltd
Pre Issue Shares
95,00,00,000
No. of Shares Issued
23,75,00,000
Pre Issue Equity Amt.
₹950 Cr
DP Filling Date
28 April 2025
Canara HSBC Life Insurance Company Ltd IPO Timeline
Canara HSBC Life Insurance Company Limited, a joint venture between Canara Bank (51%), HSBC Insurance (Asia-Pacific) Holdings Limited (26%) and Oriental Bank of Commerce (23%) was incorporated on September 25, 2007 as Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited', a Public Limited Company and received a Certificate of Commencement of Business dated January 28, 2008 from the Assistant Registrar of Companies, Karnataka. The name of the Company was changed to Canara HSBC Life Insurance Company Limited' after Oriental Bank of Commerce ceased to be in existence pursuant to the Scheme of Amalgamation of Oriental Bank of Commerce with PNB, which became effective from April 1, 2020 and a fresh Certificate of Incorporation, consequent upon change of name, was issued to the Company by the RoC on June 15, 2022.
Canara HSBC Life Insurance Company Ltd IPO Details
| Canara HSBC Life Insurance Company Ltd IPO Date | - |
| Canara HSBC Life Insurance Company Ltd IPO Face Value | - |
| Canara HSBC Life Insurance Company Ltd IPO Price | - |
| Canara HSBC Life Insurance Company Ltd IPO Lot Size | - |
| Issue Size | - |
| Fresh Issue | - |
| Offer for Sale | - |
| Issue Type | - |
| Listing At | - |
| QIB Shares Offered | - |
| Retail Shares Offered | - |
| NII (HNI) Shares Offered | - |
| Company Promoters | Canara Bank, HSBC Insurance (Asia-Pacific)H |
Company Financials
Canara HSBC Life Insurance Company Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 37,815.8 | 11,958.48 | 113.32 |
| 03-2023 | 30,548.89 | 8,589.69 | 91.19 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Listing of Shares on the Stock exchanges
Canara HSBC Life Insurance Company Ltd IPO Prospectus
Canara HSBC Life Insurance Company Ltd IPO Listing Date
| BSE Script | - |
| NSE Symbol | - |
| Listing In | - |
| Face Value | ₹10 |
Company Contact Information
8th Flr Unit #.808-814 AmbadepBldg Kasturba Gandhi Marg,New Delhi-110001
Phone: +91 0124 4506 761
Email: investor@canarahsbclife.in
Website: www.canarahsbclife.com
Canara HSBC Life Insurance Company Ltd IPO Registrar
Canara HSBC Life Insurance Company Ltd IPO Lead Manager(s)
- SBI Capital Markets Ltd
- BNP Paribas
- HSBC Securities & Capital Markets (India) Pvt Ltd
- JM Financial Ltd
- Motilal Oswal Investment Advisors Ltd