Japan Post Bank set the price for its initial public offering at 1,450 yen per share after gauging investor demand at an indicative range of 1,250-1,450 yen, a regulatory filing showed on Monday.
Separately, Japan Post Insurance set its IPO price at 2,200 yen compared with its book-building range of 1,900-2,200 yen.
The two companies - which each will offer 11 percent of their stock- and their parent, Japan Post Holdings, are seeking to raise a combined 1.4 trillion yen ($11.8 billion) in a triple IPO on Nov. 4 in what will be Japan's biggest privatization in three decades.
State-owned mail giant Japan Post Holdings will determine its IPO price on Oct. 26.
Dow Jones reported that there was robust demand for the shares, after an aggressive marketing campaign by the float's brokers. The price range was also attractive, Dow Jones noted.