New Delhi, Oct. 8 -- Canara HSBC Life Insurance is all set to launch its initial public offering (IPO) this week. The mainboard issue will open for subscription on October 10 and close on October 14.

Canara HSBC Life Insurance IPO is a book-build issue of Rs.2,517.50 crore, comprising entirely of an offer for sale of 23.75 crore shares.

The company has set the price band at Rs.100 to Rs.106 per share, with a minimum amount of investment required by a retail investor of Rs.14,840 (140 shares), based on the upper price.

SBI Capital Markets Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.

Founded in 2007, Canara HSBC Life Insurance Company Limited is a private life insurer in India, jointly ...