Canara HSBC IPO: Price band at £ 100-160 per share; Check the key dates, outreach details, more

Canara HSBC IPO Prize Band: The Canara HSBC Life Insurance IPO price band is set in the vicinity of £ 100 to £ 160 per equity share of the face value of £ 10 The Canara HSBC IPO date of subscription is scheduled for Friday 10 October and closes on Tuesday 14 October. The award to anchor investors for the Canara HSBC IPO is scheduled to take place on Thursday, October 9. The Canara HSBC stock exchange is then 140 shares and in multiple of 140 Equity shares. Canara HSBC IPO has not reserved more than 50% of the shares in the public issue for qualified institutional buyers (QIB), no less than 15% for non-institutional Institutional Investors (NII), and no less than 35% of the offer is reserved for retail investors. Tenentatively, Canara HSBC IPO base for awarding shares will be completed on Wednesday, October 15, and the company will initiate refunds on Thursday, October 16, while the shares will be credited on the same day after refund on the Demat account of allotes. Canara HSBC share price is likely to be listed on BSE and NSE on Friday, October 17. Canara HSBC IPO details Canara HSBC’s IPO is entirely an offer-for-sales of up to 23.75 CRore shares by its promoters, including Canara Bank, HSBC Insurance Corporation Group (part of Hong Kong and Shanghai Bank) Bank. This sale represents 25% of the paid up equity of the business. Currently, Canara Bank has a 51% stake in Canara HSBC Life Insurance Company, while HSBC Insurance (Asia-Pacific) Holdings owns 26%, and Punjab National Bank has a 23% stake. As this IPO is a complete offer-for-sell, the returns will go directly to the sales shareholders, and the company itself will not benefit financially from the IPO. The general managers for this IPO include SBI Capital Markets, BNP Paribas, HSBC Securities and Capital Markets (India), JM Financial and Motilal Oswal Investment Advisors. KFIN Technologies Ltd. functions as the Registrar for the Edition. The company details Canara HSBC Life Insurance, founded in 2007, emerged as the third largest life insurer among banks in the public sector in India. From June 2025, the company reported assets under the management of £ 43,639.5 crore, reflecting an increase of 6% of £ 41,166.4 in March 2025. In terms of financial performance, Canara HSBC competes with other listed players such as SBI Life Insurance, HDFC Life Insurance and ICICI Prudential Life Insurance. For the quarter ended June 2025, the company achieved a profit of £ 23.4 crore, which was a 25.2% growth compared to £ 18.7 in the same quarter the previous year. The annualized premium equivalent (monkeys) for this period also had a positive trend, with 4.4% to £ 492.8 of £ 472 crore. For the financial year 2025, profits rose 3.2% to £ 117, higher than £ 113.3 the previous year. The annual premium equivalent rose 23.9% to £ 2,339.4 crore, compared to £ 1,887.8 crore last year. In addition, the value of new business (VNB) reached £ 446 crore, an 18.1% increase compared to the previous £ 377.6 crore, although the UNB margin had a slight drop of 20% to 19.07% during the same time frame. Disclaimer: The views and recommendations above are those of individual analysts, experts and brokerage companies, not of currency. We advise investors to check with certified experts before making any investment decision.