Canara HSBC Life Insurance Company Limited will launch its Initial Public Offer (IPO) on Friday, October 10, 2025, and close on Tuesday, October 14, 2025. The price band for the offer has been set at ₹100 to ₹106 per equity share, with a face value of ₹10. The anchor investor bidding will take place on Thursday, October 9, 2025.
The IPO is entirely an offer for sale (OFS) of up to 237.5 million equity shares by the selling shareholders. Of this, Canara Bank will sell up to 137.75 million shares, HSBC Insurance (Asia-Pacific) Holdings Limited up to 4.75 million shares, and Punjab National Bank up to 95 million shares.
Investors can bid for a minimum of 140 equity shares and in multiples of 140 thereafter. The company’s equity shares are proposed to be listed on BSE and NSE. The Red Herring Prospectus (RHP) was filed with the Registrar of Companies, Delhi and Haryana, and is available on the company’s website.
SBI Capital Markets, BNP Paribas, HSBC Securities, JM Financial, and Motilal Oswal Investment Advisors are the book running lead managers (BRLMs) to the offer. The IPO will be made through the Book Building Process in compliance with SEBI ICDR Regulations, with portions reserved for QIBs, Anchor Investors, and Mutual Funds.
