India's Canara HSBC Life sets IPO price band at 100–106 rupees, targets $1.14 billion valuation

Canara Bank

07/10/2025 03:12

Oct 7 (Reuters) - India's Canara HSBC Life Insurance Company has set a price band of 100 rupees-106 rupees per share for its upcoming listing, aiming for a valuation of about 100.7 billion rupees ($1.14 billion) at the upper end, as per Reuters calculations.

Canara HSBC Life Insurance Company, a joint venture between Canara Bank CNBK.NS and HSBC Group's HSBC Insurance (Asia Pacific) Holdings, will launch its 25.18-billion-rupee initial public offering for retail investors on October 10. Anchor investors can submit their bids a day earlier, on October 9.

   ($1 = 88.7160 Indian rupees)

 (Reporting by Yagnoseni Das in Bengaluru; Editing by Sherry Jacob-Phillips)

 ((Yagnoseni.Das@thomsonreuters.com;))