<h1>Life insurer raises Rs 750.32 crore from anchor investors ahead of Rs 2,516 crore IPO with Rs 100-106 band</h1> An Indian life insurer raised Rs 750.32 crore from anchor investors via allocation of about 7.08 crore equity shares at Rs 106 each ahead of a Rs 2,516-crore initial public offering opening Oct 10-14, with a price band of Rs 100-106 and an indicative upper-end valuation near Rs 10,000 crore. The offering is a complete offer-for-sale of 23.75 crore shares by promoters and shareholders, with a major bank selling 13.77 crore shares, a foreign insurer 47.5 lakh shares and another bank 9.5 crore shares, so the company will receive no proceeds. Allocation is 50% QIB, 35% retail, 15% non-institutional; minimum bid 140 shares; expected listing Oct 17.