Description

BSE announces the listing of 95,00,00,000 equity shares of Canara HSBC Life Insurance Company Limited with varying lock-in periods following their IPO.

Summary

BSE has listed 95,00,00,000 equity shares of Canara HSBC Life Insurance Company Limited on October 15, 2025. The listing includes shares with various lock-in periods ranging from no lock-in to 18 months, depending on the investor category. All shares are in demat form.

Key Points

  • Total equity shares listed: 95,00,00,000
  • Listing date: October 15, 2025
  • All shares are fully paid-up and in demat form
  • 78,32,85,000 shares are under lock-in with varying periods
  • 16,67,15,000 shares are not under lock-in
  • Registered office: 8th Floor, Unit No. 808-814, Ambadeep Building, Kasturba Gandhi Marg, Connaught Place, New Delhi 110001
  • Company Secretary: Vatsala Sameer (Membership No.: A14813)

Lock-in Details

Lock-in Category 1 (18 months):

  • Shares: 1 to 19,00,02,000 (19,00,02,000 shares)
  • Lock-in period: October 15, 2025 to April 17, 2027

Lock-in Category 2 (6 months):

  • Shares: 19,00,02,001 to 71,25,00,000 (52,24,98,000 shares)
  • Lock-in period: October 15, 2025 to April 17, 2026

Anchor Investor Lock-in (30 days):

  • Shares: 71,25,00,001 to 74,78,92,499 (3,53,92,499 shares)
  • Lock-in period: October 15, 2025 to November 13, 2025

Anchor Investor Lock-in (90 days):

  • Shares: 74,78,92,500 to 78,32,85,000 (3,53,92,501 shares)
  • Lock-in period: October 15, 2025 to January 12, 2026

No Lock-in:

  • Shares: 78,32,85,001 to 95,00,00,000 (16,67,15,000 shares)
  • Available for trading immediately

Regulatory Changes

No regulatory changes. This is a standard listing notification following IPO regulations.

Compliance Requirements

  • Lock-in restrictions must be adhered to by respective shareholders
  • Distinctive numbers are for presentation purposes only as all shares are in demat form
  • Lock-in details are provided on pages 116-118 of the company’s prospectus
  • IPO classification: Public issue

Important Dates

  • October 15, 2025: Listing date
  • November 13, 2025: End of 30-day anchor investor lock-in
  • January 12, 2026: End of 90-day anchor investor lock-in
  • April 17, 2026: End of 6-month lock-in
  • April 17, 2027: End of 18-month lock-in

Impact Assessment

This listing represents a significant public offering in the life insurance sector. The structured lock-in periods indicate a phased approach to market liquidity, with approximately 17.5% of shares immediately available for trading. The majority of shares (82.5%) are under various lock-in periods to ensure stability. The listing of Canara HSBC Life Insurance Company Limited adds to the insurance sector representation on BSE and provides investors access to a joint venture between a major Indian public sector bank and a global insurance major.

Impact Justification

Standard IPO listing notification for a life insurance company with significant share count and structured lock-in periods