Canara HSBC Life Insurance Company, based in Gurugram, made its stock market debut on Friday, October 17, 2025, after successfully completing its IPO. The company’s shares opened at ₹106 each on the NSE. Shortly after the listing, the stock rise by over 2 %, reaching an intraday high of ₹109.08.
On the BSE, Canara HSBC Life Insurance shares also opened at ₹106. However, after the listing, the stock gained about 2 % from its opening price, peaking at ₹109.
The opening price was slightly lower than expected in the grey market, where its unlisted shares were trading at ₹109 each. This indicated a premium of ₹3 or 2.83 % before the IPO listing, according to sources monitoring unofficial market activity.
Canara HSBC Life Insurance IPO subscription status
According to the National Stock Exchange (NSE), the Life IPO was subscribed 2.29 times, receiving bids for 382.16 million equity shares against 166.71 million shares available.
The demand was mainly from Qualified Institutional Buyers (QIBs), who subscribed to their reserved portion 7.05 times the allotted quota. The portion for retail investors was 44 %, while the Non-Institutional Investors (NIIs) portion reached 33 %.
IPO details
Canara HSBC launched its ₹2,517-crore initial public offering, which consisted entirely of an offer for sale (OFS) of 237.5 million equity shares, with no fresh issue component. The IPO was priced between ₹100 and ₹106 per share, and investors could bid in lots of 140 shares. The subscription period was from October 10 to October 14, 2025. The basis of allotment was finalized on Wednesday, October 15, 2025.
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