Description

Listing of 95,00,00,000 equity shares of Canara HSBC Life Insurance Company Limited post-IPO with lock-in details for different categories of shareholders.

Summary

BSE has listed 95,00,00,000 equity shares of Canara HSBC Life Insurance Company Limited following their IPO. The listing includes various lock-in periods for different categories of shareholders, with 16,67,15,000 shares freely tradable and the remaining 78,32,85,000 shares under lock-in for periods ranging from 30 days to 18 months.

Key Points

  • Total equity shares listed: 95,00,00,000 (all in demat form)
  • Listing date: October 15, 2025
  • 19,00,02,000 shares locked-in until April 17, 2027 (18 months)
  • 52,24,98,000 shares locked-in until April 17, 2026 (6 months)
  • 7,07,84,999 shares allocated to anchor investors with different lock-in periods
  • 16,67,15,000 shares not under lock-in and freely tradable
  • All shares issued as fully paid-up in dematerialized form

Regulatory Changes

No regulatory changes introduced. This circular confirms compliance with standard IPO listing and lock-in requirements as per SEBI regulations.

Compliance Requirements

  • Shareholders must comply with lock-in restrictions as per their category
  • Anchor investors must hold shares for minimum 30 days (3,53,92,499 shares) or 90 days (3,53,92,501 shares)
  • Promoter/pre-IPO shareholders subject to 6-18 month lock-in periods
  • Lock-in details as specified in pages 116-118 of the Company’s Prospectus

Important Dates

  • October 15, 2025: Listing date and start of lock-in periods
  • November 13, 2025: Lock-in expiry for 3,53,92,499 anchor investor shares (30 days)
  • January 12, 2026: Lock-in expiry for 3,53,92,501 anchor investor shares (90 days)
  • April 17, 2026: Lock-in expiry for 52,24,98,000 shares (6 months)
  • April 17, 2027: Lock-in expiry for 19,00,02,000 shares (18 months)

Impact Assessment

The listing provides market access to Canara HSBC Life Insurance Company Limited shares. However, immediate liquidity is limited as approximately 82.45% of shares are under lock-in. Only 17.55% (16,67,15,000 shares) are available for trading immediately. Liquidity will gradually increase as lock-in periods expire, with significant unlocking expected in November 2025 (anchor investors) and April 2026 (major block). This staged release helps prevent market flooding and supports price stability during the initial trading period.

Impact Justification

IPO listing of insurance company with significant lock-in provisions for promoter and anchor investor shares, impacting market liquidity