Canara HSBC Life Insurance IPO allotment expected today: Steps to check status on BSE, NSE and KFin Technologies

Canara HSBC Life Insurance Company Ltd is expected to finalise the basis of share allotment for its initial public offering (IPO) on Wednesday, October 15, following strong investor demand.

The ₹2,517.5-crore IPO was entirely an offer-for-sale (OFS) of 23.75 crore shares by the company’s three shareholders — Canara Bank, HSBC Insurance (Asia-Pacific) Holdings, and Punjab National Bank. As the issue did not include any fresh share issuance, the proceeds will go entirely to the selling shareholders and not the company.

The mainboard issue was open for subscription from October 10 to October 14. The IPO was overall subscribed 2.29 times, with bids for more than 38.21 crore shares against the 16.67 crore shares offered, as per NSE data.

Investor interest was led by Qualified Institutional Buyers (QIBs), whose portion was subscribed 7.05 times. The Non-Institutional Investors (NIIs) segment saw a subscription of 33%, while the retail portion was subscribed 42%. The price band for the issue was fixed at ₹100–₹106 per share.

The IPO investors can check the share allotment status on the BSE, NSE and the official website of the issue registrar, Kfin Technologies Ltd.

How to check IPO allotment status on BSE:

1. Visit the BSE IPO allotment page: https://www.bseindia.com/static/investors/application_statuschecksystem.aspx

2. Select ‘Equity’ under issue type

3. Choose ‘Canara HSBC Life Insurance Company’ from the dropdown list

4. Enter your Application Number or PAN

5. Click ‘Search’ to view your allotment details

Steps to check IPO allotment status on KFin Technologies:

1. Visit https://ipostatus.kfintech.com/.

2. Select the appropriate IPO link.

3. Choose ‘Canara HSBC Life Insurance Company’ from the dropdown list of company names.

4. Enter your PAN, Application Number, or DP/Client ID to check the status.

5. Click on the ‘Submit’ button.

Investors can also check their allotment status on the NSE website by entering their PAN and application number.

Refunds to non-allottees and credit of shares to the Demat accounts of the successful investors will be completed on October 16. The listing of Canara HSBC Life shares has been tentatively scheduled for October 17. Shares of the company will be listed on the BSE and NSE.

About the Company

Canara HSBC Life Insurance Company is a prominent private life insurer in India, promoted by Canara Bank, the country’s fourth-largest public sector bank by total assets. The company offers a wide range of life insurance products, including savings, endowment, term (pure protection), retirement, group credit life, and protection plans, as well as the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY).

In insurer reported revenue of ₹8,027.46 crore in FY 2025, up from ₹7,128.7 crore in FY 2024. Its net profit for FY 2025 stood at ₹116.98 crore, slightly higher than ₹113.32 crore in the previous fiscal year.