Price Band has been fixed at ₹ 100 to ₹ 106 per Equity Share.

  • The Floor Price is 10.00 times the face value of Equity Shares and the Cap Price is 10.60 times the face value of the Equity Shares
  • Bid / Offer will open on Friday, October 10, 2025 and close on Tuesday, October 14, 2025 (“Bid Dates”)

            UPI mandate end time and date shall be at 5.00 p.m. on the Bid/Offer Closing Date.

  • The Anchor Investor Bid / Offer Period shall be Thursday, October 9, 2025

            The Anchor Investor Bid/Offer Period shall be one Working Day prior to the Bid/Offer Opening Date

  • Bids can be made for a minimum of 140 Equity Shares and in multiples of 140 Equity Shares thereafter. (“No. of Bids”)
  • Red Herring Prospectus link: https://www.canarahsbclife.com/investor-relations/rhp

National : Canara HSBC Life Insurance Company Limited (the “Company”) shall open its Bid/Offer in relation to its initial public offer of its equity shares of face value of ₹10 each (the “Equity Shares”) on Friday, October 10, 2025.

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.

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 Equity Shares are being offered pursuant to the red herring prospectus of the Company dated October 4, 2025 (the “RHP”) filed with the Registrar of Companies, Delhi and Haryana at New Delhi (“RoC”).

The Equity Shares offered pursuant to the RHP are proposed to be listed on BSE Limited and National Stock Exchange of India Limited.

SBI Capital Markets Limited, BNP Paribas, HSBC Securities and Capital Markets (India) Private Limited, JM Financial Limited and Motilal Oswal Investment Advisors Limited are the book running lead managers to the Offer (the “BRLMs”).

The Offer is being made through the Book Building Process in terms of Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, as amended, read with Regulation 31 of the SEBI ICDR Regulations and in compliance with Regulation 6(1) of the SEBI ICDR Regulations wherein, in terms of Regulation 32(1) of the SEBI ICDR Regulations, not more than 50% of the Net Offer shall be available for allocation on a proportionate basis to Qualified Institutional Buyers (“QIBs” and such portion, the “QIB Portion”), provided that the Company in consultation with the BRLMs, may allocate up to 60% of the QIB Portion to Anchor Investors on a discretionary basis in accordance with the SEBI ICDR Regulations (the “Anchor Investor Portion”).

One-third of the Anchor Investor Portion shall be reserved for domestic Mutual Funds, subject to valid Bids being received from the domestic Mutual Funds at or above the Anchor Investor Allocation Price, in accordance with the SEBI ICDR Regulations. In the event of under-subscription, or non-allocation in the Anchor Investor Portion, the balance Equity Shares shall be added to the remaining QIB Portion (“Net QIB Portion”).

Further, 5% of the Net QIB Portion shall be available for allocation on a proportionate basis to Mutual Funds, and the remainder of the Net QIB Portion shall be available for allocation on a proportionate basis to all QIBs, including Mutual Funds, subject to valid Bids being received at or above the Offer Price. However, if the aggregate demand from the Mutual Funds is less than 5% of the Net QIB Portion, the balance Equity Shares available for allocation will be added to the remaining QIB Portion for proportionate allocation to QIBs.

Further, not less than 15% of the Net Offer shall be available for allocation to Non-Institutional Bidders in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Offer Price, out of which (a) one-third of such portion shall be reserved for Bidders with application size of more than ₹200,000 and up to ₹1,000,000; and (b) two-thirds of such portion shall be reserved for Bidders with application size of more than ₹1,000,000, provided that the unsubscribed portion in either of such sub-categories may be allocated to Bidders in the other sub-category of Non-Institutional Bidders; and not less than 35% of the Net Offer shall be available for allocation to Retail Individual Bidders in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Offer Price. Further, Equity Shares will be allocated on a proportionate basis to Eligible Employees applying under the Employee Reservation Portion, subject to valid Bids received from them at or above the Offer Price (net of Employee Discount, as applicable). All potential Bidders (except Anchor Investors) are mandatorily required to utilize the Application Supported by Blocked Amount (“ASBA”) process by providing details of their respective ASBA accounts and UPI ID in case of UPI Bidders using the UPI Mechanism  applicable, pursuant to which their corresponding Bid Amount will be blocked by the SCSBs or by the Sponsor Banks under the UPI Mechanism, as the case may be, to the extent of the respective Bid Amounts. Anchor Investors are not permitted to participate in the Offer through the ASBA process. For further details, see “Offer Procedure” on page 552 of the RHP.