Ahmedabad: Canara HSBC Life Insurance Company Limited shall open its Bid/Offer in relation to its initial public offer of its equity shares of face value of ₹10 each on Friday, October 10, 2025, the company announced today.

“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 ₹ 100 to ₹ 106 per Equity Share. Bids can be made for a minimum of 140 Equity Shares and in multiples of 140 Equity Shares thereafter,” according to an official press statement.

As per the company, “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 press release added.

The Equity Shares are being offered pursuant to the red herring prospectus of the Company dated October 4, 2025 filed with the Registrar of Companies, Delhi and Haryana at New Delhi. The Equity Shares offered pursuant to the RHP are proposed to be listed on BSE Limited and National Stock Exchange of India Limited, the company stated.