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]

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 ...