Canara Robeco IPO: The initial public offering (IPO) of Canara Robeco Asset Management Company Limited concluded its final day of public bidding today, October 13, with the issue subscribed 9.74 times, as per provisional exchange data. The asset management company aims to raise Rs 1,326.13 crore from the public offering.
Canara Robeco IPO subscription status:
Overall, investors bid for 33.99 crore shares against the total shares on offer. It includes subscription from Non-Institutional Investors (NIIs) who bid 6.45 times (4.82 crore shares against the 74.78 lakh shares reserved) and Retail Individual Investors (RIIs) who bid 1.91 times (3.33 crore shares against the 1.74 crore shares allotted).
The Qualified Institutional Buyers (QIBs) portion that was seen lagging in the first two days of subscription booked the issue 25.92 times, translating to 25.83 crore shares against the 99.70 lakh shares reserved.
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Market guru Anil Singhvi’s views on Canara Robeco IPO:
Zee Business Managing Editor Anil Singhvi suggests risk-taking investors apply for long-term gains.
Key positives:
1) India’s second-oldest AMC
2) Strong promoters and experienced management
3) 91 per cent AUM from equity schemes
4) 88 per cent AUM from retail investors
5) Strong growth track record
6) Strong Canara Bank distribution network
7) Reasonable valuations
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Key negatives:
1) 75 per cent AUM from third-party distributors
2) High dependency on equity AUM
3) 52 per cent AUM from five states
Canara Robeco IPO details:
Canara Robeco AMC IPO is entirely an offer for sale (OFS) of 4.98 crore shares, with no fresh issue component.
Under the OFS, the Canara Bank, which holds a 51 per cent stake in the company, is offloading its 2.59 crore shares and ORIX Corporation Europe N.V., holding the rest 49 per cent, is selling 2.39 crore shares.
Being an OFS, the IPO proceeds will not be received by the company. It will directly go to the shareholders, offloading their stakes.
Price band: Rs 253 to Rs 266 apiece
Lot size: 56 shares
Minimum investment: Rs 14,896
Listing date: October 16, 2025, on BSE and NSE
Canara Robeco company profile:
Canara Robeco Asset Management Company is a leading asset management firm in India, jointly owned by Canara Bank and ORIX Corporation Europe N.V.Â
The company was established in 1993 and offers a diverse range of mutual fund products that include equity, debt, and hybrid schemes.
