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Canara Robeco IPO: The initial public offering (IPO) of Canara Robeco Asset Management Company Limited stepped into its second day of public bidding today, October 10. According to the provisional exchange data, the IPO has received a 30 per cent subscription, as of now, on the second day of bidding, with retail investors showing interest.

The company aims to raise Rs 1,326.13 crore from the public offering.

By 10:45 am, investors have bid for 1.04 crore shares out of the total shares on offer. The subscription includes bids from Non-Institutional Investors (NIIs) and Retail Individual Investors (RIIs) subscribing 0.29 and 0.47 times, respectively.

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In terms of shares, the NII category booked 21.98 lakh shares, while the retail investor portion booked 82.10 lakh shares out of the allotted shares.

The Qualified Institutional Buyer (QIB) portion is yet to receive a bid for its allotted shares.

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Canara Robeco AMC IPO is entirely an offer for sale (OFS) of 4.98 crore shares, with no fresh issue component.

Under the OFS, the Canara Bank, which holds a 51 per cent stake in the company, is offloading its 2.59 crore shares and ORIX Corporation Europe N.V., holding the rest 49 per cent, is selling 2.39 crore shares.

Being an OFS, the IPO proceeds will not be received by the company. It will directly go to the shareholders, offloading their stakes.

Price band: Rs 253 to Rs 266 per share

Lot size: 56 shares

Minimum investment: Rs 14,896

Listing date: October 16, 2025, on BSE and NSE

Canara Robeco Asset Management Company is a leading asset management firm in India, jointly owned by Canara Bank and ORIX Corporation Europe N.V. 

Established in 1993, the company offers a diverse range of mutual fund products, including equity, debt, and hybrid schemes.

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