Canara Robeco IPO: The initial public offering (IPO) of Canara Robeco Asset Management Company Limited concluded its second day of public bidding today, October 10. According to the provisional exchange data, the IPO received 48 per cent subscription at the end of the second day of bidding, with retail investors showing interest.
The company aims to raise Rs 1,326.13 crore from the public offering.
Canara Robeco IPO subscription status:
Investors bid for 1.68Â crore shares out of the total shares on offer. The subscription includes bids from Non-Institutional Investors (NIIs) and Retail Individual Investors (RIIs) subscribing 0.53Â and 0.74Â times, respectively.
Add Zee Business as a Preferred Source
In terms of shares, the NII category booked 39.45 lakh shares, while the retail investor portion booked 1.29 crore shares out of the allotted shares, indicating strong demand.
The Qualified Institutional Buyer (QIB) portion is seen lagging as it has only bid 13,384 shares out of the allotted 99.70 lakh shares.
Read More: WeWork India IPO Debut: Market gives a lukewarm welcome — What’s next? Anil Singhvi view
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 per share
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
Established in 1993, the company offers a diverse range of mutual fund products, including equity, debt, and hybrid schemes.
