Description
NSE announces the listing of 950 million equity shares of Canara HSBC Life Insurance Company Limited on the Capital Market segment effective October 17, 2025 at an issue price of Rs. 106 per share.
Summary
National Stock Exchange of India has admitted Canara HSBC Life Insurance Company Limited’s equity shares to trading on the Capital Market segment effective October 17, 2025. The IPO comprises 950 million equity shares of Rs. 10 face value each, issued at Rs. 106 per share. The security will trade under the symbol CANHLIFE (ISIN: INE01TY01017) with a market lot of 1 share and will be part of the pre-open session for IPO category scrips.
Key Points
- Symbol: CANHLIFE
- ISIN: INE01TY01017
- Total Shares: 950,000,000 equity shares
- Face Value: Rs. 10 per share
- Issue Price: Rs. 106 per share
- Market Lot: 1 share
- Series: EQ (Equity)
- Listing Date: October 17, 2025
- Pre-open Session: Applicable as per SEBI circular CIR/MRD/DP/01/2012 & CIR/MRD/DP/02/2012
Share Distribution and Lock-in Details
| Number of Shares | Distinctive Numbers | Lock-in Period |
|---|---|---|
| 190,002,000 | 1 to 190,002,000 | Until April 17, 2027 |
| 522,498,000 | 190,002,001 to 712,500,000 | Until April 17, 2026 |
| 35,392,499 | 712,500,001 to 747,892,499 | Until November 13, 2025 |
| 35,392,501 | 747,892,500 to 783,285,000 | Until January 12, 2026 |
| 166,715,000 | 783,285,001 to 950,000,000 | Free (no lock-in) |
Company Details
Registered Office: Canara HSBC Life Insurance Company Limited 8th Floor, Unit No. 808-814, Ambadeep Building Kasturba Gandhi Marg, Connaught Place Central Delhi, New Delhi - 110 001
Corporate Office: 35th Floor, Tower 1 M3M International Financial Centre Golf Course Extension Road, Sector 66 Gurugram 122 002, Haryana
Company Secretary & Compliance Officer: Ms. Vatsala Sameer Tel: +91 0124 4506761 Email: investor@canarahsbclife.in
Registrar: KFin Technologies Limited Selenium Tower-B, Plot No. 31 & 32 Financial District, Nanakramguda Hyderabad - 500032, Telangana Tel: +91 40 6716 2222 / 1800 309 4001 Email: einward.ris@kfintech.com
Regulatory Framework
Listing notified in pursuance of:
- Regulation 3.1.1 of NSE (Capital Market) Trading Regulations Part A
- Regulation 2.5.5 of NSE (Capital Market) Trading Regulations Part A
- SEBI Circular CIR/MRD/DP/01/2012 & CIR/MRD/DP/02/2012 dated January 20, 2012
Important Dates
- Circular Date: October 16, 2025
- Listing Effective Date: October 17, 2025
- Financial Year: April 2025 - March 2026
- Lock-in Expiry Dates: November 13, 2025 / January 12, 2026 / April 17, 2026 / April 17, 2027 (varying by share category)
Impact Assessment
This IPO represents a significant listing in the insurance sector, with Canara HSBC Life Insurance Company Limited bringing 950 million shares to the market at a premium of Rs. 96 over face value (issue price Rs. 106 vs face value Rs. 10). The staggered lock-in periods indicate a mix of promoter holdings, pre-IPO investors, and freely tradable shares. Approximately 17.5% of shares (166.715 million) will be immediately available for trading without lock-in restrictions. The listing expands investor options in the life insurance sector and adds substantial market capitalization to the exchange.
Impact Justification
Major IPO listing of a life insurance company with 950 million shares at Rs. 106 issue price, representing significant market capitalization addition