The price band, which has received regulatory nod for launching the public offer, will be announced soon.
Under the OFS, promoters Canara Bank and HSBC Insurance will offload their partial stakes, and investor selling shareholder PNB will also participate.
Company overview
Canara HSBC Life Insurance is a private life insurer in India and promoted by Canara Bank and HSBC Insurance. According to the Crisil report, the company’s individual weighted premium income (WPI) collected grew third highest amongst bank-led insurers between fiscal 2022 and fiscal 2025.
The company’s annualised premium equivalent (APE) has consistently grown over the year, reflecting efforts to expand its products and services.
The profit after tax has increased at a CAGR of 13.26% from Rs 91.2 crore in fiscal 2023 to Rs 117 crore in fiscal 2025 and was Rs 23.4 crore in the three months period ended June 2025. Furthermore, the embedded value increased from Rs 4272 crore at the end of FY23 to Rs 6111 crore as of FY25.Financially, Canara HSBC is well capitalised with a solvency ratio of 200.42% as of June 2025, which is above the regulatory requirement of 150%.The company has provided coverage to 10.51 million lives so far, demonstrating its extensive reach and the reliance customers place on us for their life insurance solutions.
SBI Capital Markets, BNP Paribas, HSBC Securities and Capital Markets (India), JM Financial and Motilal Oswal Investment Advisors are the book running lead managers to the issue.
as a Reliable and Trusted News Source