Subscribe for Canara HSBC Life Insurance Company Ltd IPO; Choice Equity Broking

Choice Equity Broking, has come out with its report on Canara HSBC Life Insurance Company Ltd. The research firm has recommended to “ Subscribe” the ipo in its research report as on October 13, 2025.

Broker Research

October 13, 2025 / 15:12 IST

IPO

Choice Equity Broking, Canara HSBC Life Insurance Company Ltd

Canara HSBC Life Insurance Company Ltd. (CHLICL), Incorporated in 2007, CHLICL is a private life insurer in India promoted by Canara Bank, the fourthlargest public sector bank by total assets as of March 31, 2025 (CRISIL Report) and HSBC Insurance (Asia-Pacific) Holdings Limited, part of the globally renowned HSBC Group. The partnership combines Canara Bank’s strong domestic presence with HSBC’s international financial expertise, enhancing CHLICL’s credibility and brand value. Over the years, the company has emerged as a leading bank-led private life insurer, ranking third among public sector bank-led life insurers in India based on the number of lives covered in FY2025, according to the CRISIL Report. This public issue is solely comprise of OFS (Rs. 2,375.0 - 2,517.5cr). The company will not receive any proceeds from the OFS portion.

Valuation and Outlook

While valuations offer limited near-term upside, the company’s strong parentage, diversified product portfolio, and scalable platform support a sustainable growth outlook. Therefore, we assign a “Subscribe for Long Term” rating for this issue.

For all IPO report, click here