Price Band has been fixed at Rs100 to Rs106 per Equity Share. The Floor Price is 10.00 times the face value of Equity Shares and the Cap Price is 10.60 times the face value of the Equity Shares
FinTech BizNews Service
Mumbai, 7 October 2025: Canara HSBC Life Insurance Company Limited (the “Company”) shall open its Bid/Offer in relation to its initial public offer of its equity shares of face value of Rs10 each (the “Equity Shares”) on Friday, October 10, 2025.
The initial public offering comprises an offer for sale of up to 237,500,000 Equity Shares by the Selling Shareholders.
The price band for the Offer is at Rs100 to Rs106 per Equity Share.
Bids can be made for a minimum of 140 Equity Shares and in multiples of 140 Equity Shares thereafter.
The offer for sale comprises up to 137,750,000 Equity Shares by Canara Bank, up to 4,750,000 Equity Shares by HSBC Insurance (Asia-Pacific) Holdings Limited and up to 95,000,000 Equity Shares by Punjab National Bank.
The Anchor Investor Bid/ Offer period shall be Thursday, October 9, 2025. The Bid/ Offer will open on Friday, October 10, 2025, and will close on Tuesday, October 14, 2025.
The Equity Shares are being offered pursuant to the red herring prospectus of the Company dated October 4, 2025 (the “RHP”) filed with the Registrar of Companies, Delhi and Haryana at New Delhi (“RoC”).
The Equity Shares offered pursuant to the RHP are proposed to be listed on BSE Limited and National Stock Exchange of India Limited.
SBI Capital Markets Limited, BNP Paribas, HSBC Securities and Capital Markets (India) Private Limited, JM Financial Limited and Motilal Oswal Investment Advisors Limited are the book running lead managers to the Offer (the “BRLMs”).
