Canara Robeco AMC IPO opens Oct 9: Price band set at ₹253 to ₹266 per share, check lot size, key dates and more

Canara Robeco AMC IPO: The initial public offering of Canara Robeco Asset Management Company will hit Dalal Street on Thursday, October 9. The issue, which will conclude on October 13, has set a price band of ₹253 to ₹266 per share.

The initial share sale seeks to raise ₹1,326.13 crore solely via an offer for sale of 49,854,357 shares by promoters Canara Bank and ORIX Corporation Europe NV.

As the issue is completely an OFS, the company will not get any proceeds from the issue.

"Our company expects that the listing of the equity shares will enhance our visibility and brand and provide liquidity to its existing shareholders. Listing will also provide a public market for the equity shares in India," the mutual fund said in its red herring prospectus (RHP).

Canara Robeco AMC IPO: Lot size

A lot consists of 56 shares and multiples thereof.

Half of the net offer has been reserved for qualified institutional buyers, 35% for retail investors and the remaining 15% for non-institutional investors.

Canara Robeco AMC IPO: Allotment and listing date

SBI Capital Markets, JM Financial and Axis Capital are the IPO's book-running lead managers, while MUFG Intime India is the registrar.

About Canara Robeco AMC

Canara Robeco Asset Management Company is the second oldest asset management company in India. Its primary activities include managing mutual funds (MFs) and offering investment advice on equities to Robeco Hong Kong Ltd, a member of the company's Promoter Group.

As of December 2024, it managed 25 schemes, consisting of 12 equity schemes, 10 debt schemes and three hybrid schemes.