Canara HSBC Life Insurance IPO: Price band, other details
Canara HSBC Life Insurance is launching its IPO from October 10 to 14, with shares priced between ₹100-106.
This is an offer for sale—meaning promoters are selling a total of 23.75 crore shares, and the money raised goes to them, not the company.
Who's selling how much?
Canara Bank is offloading the biggest chunk (13.77 crore shares), followed by Punjab National Bank (9.5 crore) and HSBC Insurance (Asia-Pacific) Holdings (47.5 lakh).
The IPO splits shares between big institutional investors (50%), retail buyers like you (35%), and non-institutional investors (15%).
Want in? You'll need to bid for at least 140 shares at a time.
SBI Capital Markets, BNP Paribas, HSBC Securities and Capital Markets (India), JM Financial, Motilal Oswal Investment Advisors, and KFin Technologies are managing things, with listing expected on October 17.