Canara HSBC Life Insurance IPO opens on Friday. (Image: Pexels) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Canara HSBC Life Insurance Ltd. is set to launch its initial public offering on Oct. 10, 2025, to raise up to Rs 2,517 crore, as per the red herring prospectus. The company has set a price band of Rs 100-106 per share for its three-day IPO. Canara HSBC Life Insurance will include 23.7 crore offer-for-sale. The minimum application lot size is 140 shares.

The proceeds from the OFS will go to the selling shareholders and not to Canara HSBC Life Insurance. Canara Bank, HSBC Insurance (Asia-Pacific) Holding Ltd. were the promoters offloading stake and Punjab National Bank is the investor selling shareholder.

SBI Capital Markets Ltd., PNB Paribas, HSBC Securities & C

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