Canara HSBC Life Insurance Company has set a price band of Rs 100-106 per share for its upcoming listing, aiming for a valuation of about Rs 100.7 billion ($1.14 billion) at the upper end, as per Reuters calculations.
Canara HSBC Life Insurance Company is a joint venture between Canara Bank and HSBC Group's HSBC Insurance (Asia Pacific) Holdings.
It will launch its Rs 25.18-billion initial public offering for retail investors on October 10.
Anchor investors can submit their bids a day earlier on October 9.