Canara HSBC Life Insurance Company Ltd Logo

Canara HSBC Life Insurance Company Ltd IPO

BSELot: 140

LISTEDMAINBOARD
Issue Price106
Listing117.55
Current145
Price Band
100 - ₹106
Lot Size
140
Issue Size
₹2517.5 Cr
GMP
0
Subscription
0.09x

IPO Schedule

1
Open
10 Oct
2
Close
14 Oct
3
Allotment
15 Oct
4
Listing
17 Oct

About Canara HSBC Life Insurance Company Ltd

Canara HSBC Life Insurance Company Ltd is a life insurance company in India, offering a range of insurance and investment products. They leverage the distribution network of Canara Bank and HSBC to reach a wide customer base.

Subscription Status

QIB
0.03x
NII
0.05x
Retail
0.14x
CategoryDay 3Day 2Day 1
QIB7.05x0.32x0.03x
NII0.33x0.14x0.05x
Retail0.42x0.28x0.14x
Total2.30x0.27x0.09x

Risk Factors

High dependence on bancassurance channel for sales
Intense competition from other established life insurance companies
Fluctuations in interest rates and equity markets impacting investment returns
Regulatory changes in the insurance sector affecting business operations

Promoters & Management

The key management team includes Anuj Dayal Mathur, the Managing Director and Chief Executive Officer, who has been with the company since February 1, 2008. Tarun Rustagi is the Chief Financial Officer, responsible for finance, taxation, and procurement. Vatsala Sameer is the Company Secretary and Compliance Officer. Sachin Dutta is the Chief Operating Officer, overseeing business operations and technology. Manoj Jain is the Chief Compliance Officer, leading business compliance. Rishi Mathur is the Chief Distribution Officer - Alternate Channels and Chief Marketing Officer. Soly Thomas is the Chief Distribution Officer - Bancassurance. Kiran Yadav is the Chief People Officer, responsible for human resources and corporate social responsibility. Vikas Gupta is the Chief Risk Officer, overseeing risk management. These individuals bring extensive experience in their respective fields and are crucial to the company's strategic direction and operational success.