Canara AMC IPO opens today; market lot set at 56 shares

Canara Robeco Asset Management Company’s Rs 1,326 crore initial public offering (IPO) opens today for the public and concludes on October 13. The firm has set a price band of Rs 253 to Rs 266 per share for the IPO. The lot size is 56 shares.The IPO is a completely an offer for sale (OFS) of 4.98 crore equity shares with no fresh issue component. Under the OFS, promoters -- Canara Bank and ORIX Corporation Europe N.V. (previously known as Robeco Groep N.V.) -- will offload 2.59 crore shares and 2.39 crore s ...