The shares of Canara HSBC Life Insurance Company Ltd were first listed on the stock exchanges on 17 Oct 2025.
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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. 106 per equity share (including a securities premium of Rs. 96 per equity share) (the Offer Price) aggregating up to Rs. 2517.50 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. 1460.15 crores by Canara Bank and up to 4,750,000 equity shares of face value of Rs. 10/- each aggregating up to Rs. 50.35 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. 1007.00 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. 16.43 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.A discount of Rs.10 per equity share is being offered to eligible employees bidding in the employee reservation portion.
The shares of Canara HSBC Life Insurance Company Ltd were first listed on the stock exchanges on 17 Oct 2025.
The total issue size of the Canara HSBC Life Insurance Company Ltd IPO is 2517.50
The minimum lot size for Canara HSBC Life Insurance Company Ltd public issue was 140.00 shares.
The price band of the IPO of Canara HSBC Life Insurance Company Ltd was 106.00 to 0.00 per equity shares.
Our Company was incorporated on September 25, 2007 as `Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited', a public limited company under the Companies Act, 1956 and was granted a certificate of incorporation by the Assistant Registrar of Companies, Karnataka, and received a certificate of commencement of business dated January 28, 2008 from the Assistant Registrar of Companies, Karnataka. A fresh certificate of incorporation was granted on March 1, 2013 by the Registrar of Companies, National Capital Territory of Delhi and Haryana at New Delhi (now known as Registrar of Companies, Delhi and Haryana (the RoC)), pursuant to change in the registered office of our Company from Karnataka to Delhi. Subsequently, pursuant to special resolution passed by our Shareholders at an extraordinary general meeting dated June 3, 2022, the name of our Company was changed to `Canara HSBC Life Insurance Company Limited' and a fresh certificate of incorporation, consequent upon change of name, was issued to our Company by the RoC on June 15, 2022.
KFin Techologies Ltd is the registrar and share transfer agent of Canara HSBC Life Insurance Company Ltd IPO.