Canara Robeco IPO: The preliminary public providing (IPO) of Canara Robeco Asset Administration Firm Restricted stepped into its second day of public bidding right this moment, October 10. In accordance with the provisional alternate information, the IPO has acquired a 30 per cent subscription, as of now, on the second day of bidding, with retail buyers displaying curiosity. The corporate goals to lift Rs 1,326.13 crore from the general public providing.
Canara Robeco IPO subscription standing:
By 10:45 am, buyers have bid for 1.04 shares out of the entire shares on supply. The subscription consists of bids from Non-Institutional Traders (NIIs) and Retail Particular person Traders (RIIs) subscribing 0.29 and 0.47 occasions, respectively.
When it comes to shares, the NII class booked 21.98 lakh shares, whereas the retail investor portion booked 82.10 lakh shares out of the allotted shares.
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The Certified Institutional Purchaser (QIB) portion is but to obtain a bid for its allotted shares.
Learn Extra: WeWork India IPO Debut: Market provides a lukewarm welcome — What’s subsequent? Anil Singhvi view
Canara Robeco IPO particulars:
Canara Robeco AMC IPO is fully a suggestion on the market (OFS) of 4.98 crore shares, with no contemporary challenge element.
Below the OFS, the Canara Financial institution, which holds a 51 per cent stake within the firm, is offloading its 2.59 crore shares and ORIX Company Europe N.V., holding the remaining 49 per cent, is promoting 2.39 crore shares.
Being an OFS, the IPO proceeds won’t be acquired by the corporate. It should straight go to the shareholders, offloading their stakes.
Value band: Rs 253 to Rs 266 per share
Lot measurement: 56 shares
Minimal funding: Rs 14,896
Itemizing date: October 16, 2025, on BSE and NSE
Canara Robeco firm profile:
Canara Robeco Asset Administration Firm is a number one asset administration agency in India, collectively owned by Canara Financial institution and ORIX Company Europe N.V.
Established in 1993, the corporate provides a various vary of mutual fund merchandise, together with fairness, debt, and hybrid schemes.
