The ₹2,517-crore IPO of Canara HSBC Life Insurance Company Ltd (CHLICL) is all set to open tomorrow, October 10, 2025, comprising an offer-for-sale (OFS) of 23.75 crore equity shares. The IPO has the price band of ₹100 to ₹106 per share, with a lot size of 140 shares and in multiples thereafter.

Anchor investor bidding began on October 9, 2025, and the subscription window for the general public will remain open until October 14, 2025.

The allotment of shares is scheduled for October 15, with listing expected on the stock exchanges on October 17, 2025.

Under the OFS, promoter Canara Bank will offload 13.77 crore shares, HSBC Insurance (Asia-Pacific) Holdings Ltd will sell 47.5 lakh shares and Punjab National Bank 9.5 crore shares.

Brokerage view

Brokerage firms have given a positive o

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