Core Insights - Canara Robeco Asset Management Company has raised ₹398 crore from anchor investors ahead of its initial public offering (IPO) [1][2] - The IPO is valued at approximately ₹5,300 crore at the upper price band of ₹266 per share, with a total offering of 4.98 crore equity shares [3][4] Company Overview - Canara Robeco is the second oldest asset manager in India, established in 1993, and is a joint venture between Canara Bank and Robeco, which is now part of Orix [5] - The company primarily focuses on managing mutual funds and providing investment advice on Indian equities [5] IPO Details - The IPO will open for subscription from October 9 to October 13, 2025, with a price band set between ₹253 and ₹266 per share [3][6] - The offering is entirely an offer for sale (OFS), with no fresh issue component, meaning the proceeds will go to the selling shareholders [4] - The allocation of shares in the IPO includes 50% for qualified institutional buyers (QIBs), 35% for retail investors, and 15% for non-institutional investors [6] Shareholder Structure - The promoters, Canara Bank and ORIX Corporation Europe N V, will offload 2.59 crore and 2.39 crore shares, respectively [4] - Canara Bank holds a 51% stake in Canara Robeco, while Orix Corporation holds the remaining stake [4]

Core Points - Canara Robeco Asset Management Company is launching an initial public offering (IPO) of Rs 1,326 crore, which opens today and will close on October 13, with a price band set between Rs 253 and Rs 266 per share [1] - The IPO consists entirely of an offer for sale (OFS) of 4.98 crore equity shares, with no fresh issue component [2] - The allocation of the IPO includes 50% reserved for qualified institutional buyers (QIBs), 35% for retail investors, and 15% for non-institutional investors [2] Company Overview - Canara Bank holds a 51% stake in Canara Robeco, while Orix Corporation owns the remaining stake [3] - The company will not receive any funds from the IPO as it is entirely an OFS; proceeds will go to the selling shareholders [3] - Canara Robeco has raised Rs 398 crore from anchor investors as part of the IPO [3] Anchor Investors - The anchor book includes participation from several institutional investors such as SBI Mutual Funds, ICICI Prudential Mutual Fund, and Nippon India Mutual Fund, among others [4] - Canara Robeco has allotted 1.49 crore equity shares to 25 funds at Rs 266 per share [4] Market Position - Canara Robeco operates in a competitive environment alongside other listed players like HDFC Asset Management Company, Nippon Life India Asset Management, and UTI Asset Management Company [5] - The shares of Canara Robeco are expected to list on the stock exchanges on October 16 [5]