Upcoming Insurance IPOs 2025
- PNB MetLife INSURANCE
- CANARA HSBC LIFE INSURANCE
- RELIANCE GENERAL INSURANCE
- HDFC ERGO INSURANCE
1 .PNB MetLife INSURANCE
PNB MetLife offers a variety of insurance plans, including life insurance, savings plans, and health insurance.
PNB MetLife is a joint venture between Punjab National Bank (PNB) and MetLife International Holdings LLC (MIHL). Other shareholders include Jammu & Kashmir Bank Limited (JKB), and M. Pallonji and Company Private Limited.
Here’s some information about the PNB MetLife India Insurance Company Limited (PNB MetLife) IPO
- The IPO will offer up to 495,898,076 equity shares at a face value of Rs. 10 each.
- The offer will constitute 24.64% of the company’s post-offer paid up equity share capital.
- The price band and minimum bid lot will be decided by the company.
- The selling shareholders include Punjab National Bank (PNB), Metlife International Holdings LLC (mihl), M Pallonji & Company Private Limited (mpcl), Elpro International Limited (eil), IGE (India) Private Limited (ige), The Jammu & Kashmir Bank Limited, and Manimaya Holding Private Limited (manimaya)
PNB MetLife is a leading life insurance company in India that was established in 2001. It combines the financial strength of MetLife, Inc., a global life insurance provider, with the credibility of PNB, a leading nationalized bank in India. PNB MetLife offers a variety of products and solutions for different stages of life, including child education, term insurance, long term saving plans, and retirement plans.
2. CANARA HSBC LIFE INSURANCE
Canara HSBC Life Insurance isa joint venture between Canara Bank, HSBC Insurance, and Punjab National Bank. They provide diverse insurance plans, including term and savings plans, serving approximately 60 million customers across 7,000 branches.
HSBC Group history timeline. The Hongkong and Shanghai Banking Corporation Limited opened in Hong Kong on 3 March 1865 and in Shanghai one month later.
Canara Bank has announced its plans to sell 14.5% of its stake in Canara HSBC Life Insurance Company through an initial public offering (IPO).
The IPO is intended to raise funds and reduce Canara Bank’s shareholding in the subsidiary. This will help the bank enhance liquidity and focus on core banking activities.
The IPO is subject to approval from the Reserve Bank of India, the Department of Financial Services, and the union government.
Canara Bank currently holds a 51% stake in Canara HSBC Life Insurance Company. HSBC and public sector Canara Bank are promoters of the life insurance company, holding 26% and 51% respectively.
Canara Bank has also approved a capital raising plan for the financial year 2025, targeting a total of Rs 8,500 crore through debt instruments.
3. RELIANCE GENERAL INSURANCE
Reliance General Insurance Company Limited is an India-based private insurance company and is part of Reliance Anil Dhirubhai Ambani Group, wholly owned through Reliance Capital.
Reliance General Insurance was incorporated on 17 August 2000. It received the license to conduct general insurance business in India from the Insurance Regulatory Development Authority of India (IRDAI) on 23 October 2000.
Reliance General Insurance is refiling papers for an initial public offering (IPO). The company’s CEO, Rakesh Jain, has said that the company is “doing reasonably alright” and may not need to partner with another entity. However, the company is open to looking for a strategic partner if it meets the company’s and partnership’s objectives.
Here’s some related information about Reliance General Insurance:
- In 2018, Reliance General Insurance’s IPO approval expired due to lack of investor interest and volatile market conditions.
- The company has worked with various state government insurance schemes in the past, including those in Gujarat, Kerala, Nagaland, Odisha, and Punjab.
- Reliance General Insurance was appointed to provide a medical claim policy for employees of the Jammu and Kashmir government.
4. HDFC ERGO INSURANCE
HDFC ERGO General Insurance Company Limited is an insurance company that offers a variety of products, including health, travel, home, and vehicle insurance.
HDFC ERGO offers a range of insurance products, including health, travel, home, vehicle, and personal accident insurance for retail customers, and property, marine, and liability insurance for corporate customers. HDFC ERGO is headquartered in Mumbai, India.
Founded in the year 2002, HDFC ERGO General Insurance Company operates in 106 Indian cities with over 120 branches and 3000+ employees across the country.
HDFC ERGO General Insurance Company Ltd. (HDFC ERGO) is a 51:49 joint venture between Housing Development Finance Corporation Limited, India’s premier Housing Finance Institution and ERGO International AG, the primary insurance entity of Munich Re Group.