Canara HSBC Life Insurance Share Price Sees Lifeless Debut, Lists Flat At Its IPO Price

Canara HSBC Life Insurance made a subdued debut on the stock exchanges on October 17, listing flat at its issue price.

The stock opened at Rs 106 on both the NSE and BSE, matching the upper end of its IPO price band of Rs 100–106 per share.

Ahead of its market debut, the shares were quoting at a modest premium of Rs 3 in the grey market, reflecting tepid investor interest in the issue.

Canara HSBC Life Insurance’s Rs 2,517.50-crore initial public offering (IPO) was entirely an offer for sale (OFS), with no fresh issue component. SBI Capital Markets acted as the book-running lead manager for the issue, while Kfin Technologies served as the registrar.

As the IPO comprised only an OFS, the company will not receive any proceeds from the public offering. The funds raised will go to the selling shareholders.

Canara HSBC Life Insurance Share Price

Within the first half hour of trading, Canara HSBC Life Insurance share price surged to an intraday high of Rs 111, up 4.71 per cent from the issue price.

Canara HSBC Life Insurance IPO Subscription Details

Canara HSBC Life Insurance IPO witnessed weak demand during its three-day subscription period, receiving an overall subscription of 2.29 times on the shares on offer. The issue was largely supported by qualified institutional buyers (QIBs), who subscribed 7.05 times.

Demand from non-institutional investors (NIIs) remained muted, with only 33 per cent, or 0.33 times subscription, while the retail investor segment also fell short, registering just 42 per cent, or 0.42 times subscription. Employees of the life insurance company, who were offered shares at a discount of Rs 10 per share, subscribed 2.06 times.

Canara HSBC Life Insurance: Financial Performance

Canara HSBC Life Insurance Company reported a total income of Rs 42.35 crore for the quarter ended June 30, 2025 (Q1FY26). For the same period in FY26, the company posted a net profit of Rs 23.41 crore.

For the full fiscal year 2025 (FY25), the company’s total income declined 2.85 per cent to Rs 234.01 crore from Rs 240.88 crore in FY24. Net profit, however, grew over 3 per cent year-on-year to Rs 116.98 crore from Rs 113.32 crore. The company’s net worth rose 6.9 per cent to Rs 1,516.86 crore from Rs 1,418.88 crore in the previous fiscal.

The life insurer’s net worth stood at Rs 1,540.28 crore, as of June 30, 2025.