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Canara HSBC Life Insurance IPO GMP, Allotment Status Live Updates: The final day of bidding for the Canara HSBC Life Insurance IPO is here. The issue, which opened on October 10 will close its subscription window today, October 14.

Let’s take a look at the key factors to watch out for this issue –

Canara HSBC Life Insurance IPO: Offer-for-Sale only

Canara HSBC Life Insurance’s IPO is purely an Offer-for-Sale (OFS). This means that no new shares are being issued. The existing promoters – Canara Bank , HSBC Insurance (Asia-Pacific) Holdings, and Punjab National Bank are offloading 23.75 crore shares through the offer.

The price band for the issue is fixed at Rs 100–106 per share, and investors can apply for a minimum lot size of 140 shares, amounting to an inve

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