| Canara HSBC Life Insurance Company Ltd |
|
Registered Office:
8th Flr Unit #.808-814 Ambadep,Bldg Kasturba Gandhi Marg
,
New Delhi
-
110001
,
Delhi
, India.
Phone :
+91 0124 4506 761 Fax:
Email : investor@canarahsbclife.in
Website : www.canarahsbclife.com
|
Initial public offering of up to 237,500,000 equity shares of face value of  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 [*] per equity share (including a securities premium of [*] per equity share) (the "Offer Price") aggregating up to [*] crores through an offer for sale ("the Offer") of up to 137,750,000 equity shares of face value of 10/- each aggregating up to [*] crores by Canara Bank and up to 4,750,000 equity shares of face value of 10/- each aggregating up to [*] 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 10/- each aggregating up to [*] 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 10/- each, aggregating up to [*] 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 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.
Price Band: 100/- to 106/- for equity share of face value of 10 each.
The floor price is 10.00 times times the face value and cap price is 10.60 times of the face value of the equity shares.
Bids can made for a minimum of 140 equity shares and in multiples of 140 equity shares thereafter.
A discount of 10 per equity share is being offered to eligible employees bidding in the employee reservation portion.
|
| Issue |
Money Payable On |
|
| Opens On |
Closes On |
Application |
Allotment |
|
| 10-Oct-25 |
14-Oct-25 |
Rs100.00-106.00 |
Rs0.00-0.00 |
| Minimum Application for shares in Nos :140 Further Multiples of :140 |
| |
RsCr |
Lead Managers to the Issue |
|
| Project Cost |
0.00 |
|
| Project Financed through Current Offer |
2375.00 |
|
| Post Issue Equity Share Capital |
0.00 |
|
| Issue Price |
Rs100.00 |
|
|