Cover to Capital: Canara HSBC Life Takes the IPO Leap

Canara HSBC Life Insurance is set to make its stock market debut with an IPO priced between ₹100 and ₹160 per share. The offering opens on October 10 and closes on October 14, with anchor investor allocation scheduled for October 9.

Key highlights:  
1. The IPO is a complete offer-for-sale of 23.75 crore shares by Canara Bank, HSBC Insurance Asia-Pacific Holdings, and Punjab National Bank.  
2. Lot size is 140 equity shares, with 50 percent reserved for QIBs, 15 percent for NIIs, and 35 percent for retail investors.  
3. Allotment will be finalized on October 15, refunds initiated on October 16, and listing on BSE and NSE is expected by October 17.  
4. The company reported ₹117 crore profit in FY25 and holds ₹43,639.5 crore in assets under management.  
5. Lead managers include SBI Capital, BNP Paribas, JM Financial, and Motilal Oswal.

Sources: Livemint, Business Standard, IPO Watch.