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IPO Synopsis

Canara HSBC Life Insurance Company Ltd
Initial public offering of up to 237,500,000 equity shares of face value of Rs. 10/- each ("Equity Shares") of Canara HSBC Life Insurance Company Limited ("the Company" or the "Company" or the "Issuer") for cash at a price of Rs. [*] per equity share (including a securities premium of Rs. [*] per equity share) (the "Offer Price") aggregating up to Rs. [*] crores through an offer for sale ("the Offer") of up to 137,750,000 equity shares of face value of Rs. 10/- each aggregating up to Rs. [*] crores by Canara Bank and up to 4,750,000 equity shares of face value of Rs. 10/- each aggregating up to Rs. [*] crores by HSBC Insurance (Asia-Pacific) Holdings Limited (Together, the "Promoter Selling Shareholders") and of up to 95,000,000 equity shares of face value of Rs. 10/- each aggregating up to Rs. [*] crores by Punjab National Bank (the "Investor Selling Shareholder and collectively with the Promoter Selling Shareholders, referred to as the "Selling Shareholders", and each individually, as a "Selling Shareholder" and such offer for sale of equity shares by the selling shareholders, the "Offer for Sale" and such equity shares, the "Offered Shares"). The offer includes a reservation of up to 1,550,000 equity shares of face value of Rs. 10/- each, aggregating up to Rs. [*] crores (Constituting up to [*] % of the Post-Offer Paid-up Equity Share Capital), for subscription by eligible employees (the "Employee Reservation Portion"). The company in consultation with the brlms, has offered a discount of up to [*] % to the offer price (Equivalent of Rs. 10.00 per Equity Share) to eligible employees bidding in the employee reservation portion ("Employee Discount"). The offer less the employee reservation portion is hereinafter referred to as the "Net Offer". the offer and the net offer shall constitute [*] % and [*] %, respectively, of the post-offer paid-up equity share capital of the company. Price Band: Rs. 100/- to Rs. 106/- for equity share of face value of Rs. 10 each. The floor price is 10.00 times times the face value and cap price is 10.60 times of the face value of the equity shares. Bids can made for a minimum of 140 equity shares and in multiples of 140 equity shares thereafter. A discount of Rs.10 per equity share is being offered to eligible employees bidding in the employee reservation portion.
Issue
Opens On Closes On
10-Oct-25 14-Oct-25
Money Payable On
Application Allotment
100.00 0.00
Minimum Application for shares in Nos : 140 Further Multiples of : 140
(.Cr) Lead Managers to the Issue
Project Cost (.Cr) 0.00 BNP Paribas
Project Financed through Current Offer (.Cr) 2375.00  
Post Issue Equity Share Capital (.Cr) 0.00
Issue Price () 100.00
Projects
Listing of Shares on the Stock exchanges
Promoted By
Canara Bank
HSBC Insurance (Asia-Pacific)
Listing At
BSE
NSE
Registrar to the Issue
KFin Techologies Ltd
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