New Delhi: Canara Robeco Asset Management Company IPO, a book build issue of Rs 1,326.13 crore, will open for subscription on October 9, 2025 and closes on 13th October. The price band stand is fixed in the range of Rs 253-266 per share, giving a valuation of roughly around Rs 5,300 crore at the upper end. The anchor investors would be allowed to bid for a day on October 8.
The public offer is completely an Offer For Sale (OFS) of 4.98 crore equity shares with no fresh issue component. The promoters — Canara Bank, which has a 51 per cent stake in Canara Robeco and ORIX Corporation Europe NV will offload 2.59 crore shares and 2.39 crore shares, respectively.
As it is an OFS, the company will not receive any funds from the public issue, and the proceeds will go to the selling shareholders.
The state-run lender had floated the company in 1993. Canara Robeco is engaged in the business of primary activities including managing mutual funds and providing investment advice on Indian equities. It is the country’s second oldest asset manager. It partnered with Robeco, now part of Orix, in 2007.
Canara Robeco IPO details
- 50 per cent of the IPO is reserved for Qualified Institutional Buyers (QIBs)
- 35 per cent for retail investors
- 15 per cent for non-institutional investors
- Book running lead managers to the IPO: SBI Capital Markets, Axis Capital and JM Financial.
The minimum lot size for an application is 56, for which a retail investor has to make an investment of Rs 14,896. For the NII category, it is 14 lots and investors applying in the bNII portion, are required to bid for a minimum of 68 lots, with an investment of Rs 10,12,928.
- Canara Robeco IPO allotment is likely on October 14, 2025
- Credit could be credited to the demat accounts of eligible investors on 15th October
- Tentative Listing Date: Oct 16, 2025
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