InitState is not working in my child widget - flutter

Question

I have a parent widget and a child widget which does not hold any state.
From my understanding, initState function will be called every time before the page is rendered (Correct me if i am wrong).
So in my case, when i render my parent widget, the initState function in my child widget is not working.
Can someone please explain why this is the case, and what is the right way to do it?
My code:
class HomePage extends StatefulWidget {
HomePage({Key? key}) : super(key: key);
#override
_HomePageState createState() =>
_HomePageState();
}
class _HomePageState extends State<HomePage>
with AutomaticKeepAliveClientMixin {
int _balanceIndex = 0;
List<HomeBalanceCardModel> _balanceCardInfos =
HomeBalanceCardInfos.getMockData();
_onBalancePageChange(index, _) {
setState(() {
_balanceIndex = index;
});
}
#override
Widget build(BuildContext context) {
super.build(context);
return Scaffold(
body: CustomScrollView(
slivers: [
SliverAppBar(
backgroundColor: Colors.white,
centerTitle: false,
pinned: true,
floating: false,
snap: false,
primary: true,
expandedHeight: 250.0,
title: HomeAppBar(title: "Banking"),
flexibleSpace: FlexibleSpaceBar(
background: HomeBalanceCarousel(
balanceCardInfos: _balanceCardInfos,
onPageChanged: _onBalancePageChange,
)),
),
SliverToBoxAdapter(
child:
Padding(padding: EdgeInsets.only(top: 20), child: HomeAdBanner()),
),
SliverToBoxAdapter(
child:LoanList(),
)
],
));
}
My child Widget:
class LoanList extends StatefulWidget {
const LoanList({Key? key,}) : super(key: key);
#override
_LoanListState createState() => _LoanListState();
}
class _LoanListState extends State<LoanList> {
#override
void initState() {
super.initState();
print('running init state');
}
#override
Widget build(BuildContext context) {
return Container(
child: Column(
mainAxisAlignment: MainAxisAlignment.start,
children: [
_buildTab(),
_buildList(),
],
),
);
}
}