Canara HSBC Life Insurance Company is launching its initial public offering (IPO) on Friday, 10 October, with the subscription period closing on Tuesday, 14 October. The issue price band is set between Rs 100 and Rs 106 per equity share, with a face value of Rs 10 per share. The IPO comprises a complete offer for sale (OFS) of 237.5 million equity shares, aggregating to Rs 2,517.5 crore. Advertisement

Retail investors may apply for a minimum lot size of 140 shares, which amounts to a minimum investment of Rs 14,840 at the top end of the price band. Bidding can be made in multiples of 140 shares. The reservation for the issue is structured as not more than 50% for qualified institutional buyers (QIBs), not less than 35% for non-institutional investors (NIIs), and not less than 15% for ret

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