Canara Robeco sets IPO price band at ₹253-266, eyes $598 million valuation

Canara Robeco Asset Management Company has set a price band of ₹253-266 per share for its upcoming listing, aiming for a valuation of about 5,305 lakh crore rupees ($597.9 million) at the upper end, as per Reuters calculations.The asset manager's IPO comes at a busy time for India's primary market. The October-December quarter is expected to see $8 billion worth of fundraises, with several large-ticket issuances such as Tata Capital, LG Electronics India and WeWork India Management on the anvil.Canara Robec ...