Canara HSBC Life Insurance Company Limited is set to open its initial public offering (IPO) on Friday, October 10, 2025, for equity shares with a face value of ₹10 each. The IPO will consist of an offer for sale of up to 237,500,000 equity shares, as announced by the company.
The price band for the IPO is set between ₹100 and ₹106 per equity share. Bids can be made for a minimum of 140 shares, and in multiples of 140 shares thereafter.
The offer includes the sale of equity shares by major shareholders, with Canara Bank offering up to 137,750,000 shares, HSBC Insurance (Asia-Pacific) Holdings Limited offering up to 4,750,000 shares, and Punjab National Bank offering up to 95,000,000 shares.
The Anchor Investor Bid/Offer period will open on Thursday, October 9, 2025, a day before the main offer opens. The IPO will close on Tuesday, October 14, 2025.
The equity shares are being offered pursuant to the red herring prospectus (RHP) filed on October 4, 2025, with the Registrar of Companies in Delhi and Haryana. The shares will be listed on BSE Limited and the National Stock Exchange of India Limited.
Leading the offer are SBI Capital Markets Limited, BNP Paribas, HSBC Securities and Capital Markets (India) Private Limited, JM Financial Limited, and Motilal Oswal Investment Advisors Limited as the book running lead managers (BRLMs).
Qualified Institutional Buyers (QIBs): Not more than 50% of the Net Offer will be allocated to QIBs. Up to 60% of the QIB portion may be allocated to Anchor Investors on a discretionary basis. One-third of this Anchor Investor portion will be reserved for domestic mutual funds, subject to valid bids.
Non-Institutional Bidders (NIBs): At least 15% of the Net Offer will be allocated to Non-Institutional Bidders. This portion will be further subdivided: one-third for bids of more than ₹200,000 up to ₹1,000,000, and two-thirds for bids above ₹1,000,000.
Retail Individual Bidders (RIBs): A minimum of 35% of the Net Offer will be reserved for Retail Individual Bidders, subject to valid bids at or above the offer price.
Employee Reservation Portion: Equity shares will also be allocated to eligible employees who apply under this section.
The IPO will be conducted through the Book Building Process, in compliance with SEBI regulations, with the intention to raise funds for the company while giving investors an opportunity to participate in its growth.
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