Kolkata: The Canara Robeco Asset Management Co IPO is designed to raise Rs 1,326.13 crore through an offer for sale of 4.99 crore shares. On October 8, the company informed the stock exchanges that it has been able to raise Rs 398 crore from anchor investors, the list of which includes SBI Mutual Funds (MF), ICICI Prudential MF, Nippon India MF, Kotak Mahindra MF, Franklin India MF, HSBC MF, Motilal Oswal MF, PineBridge Global Funds, Kotak Mahindra Life Insurance, Aditya Birla Sun Life Insurance, and Bajaj Allianz Life Insurance.
Canara Robeco IPO GMP
According to investorgain, the Canara Robeco IPO GMP stood at Rs 35 on the morning of October 9. Considering a price band of Rs 266.00, the current GMP indicates a listing gain of 13.16%. The GMP has stood steadily at this level for the past few days. However, GMP is an unofficial indicator which changes with time and does not guarantee listing gain or loss.
Canara Robeco IPO price band, lot size
Canara Robeco IPO price band has been set at Rs 253-266. For a retail investor, the smallest investible lot is 56 shares. This calls for an application money of Rs 14,896 based on upper price. For an sNII category investor the smallest lot is 14 lots or 784 shares and that for bNII investors, the smallest lot is 68 lots or3,808 shares. SBI Capital Markets is the lead manager and MUFG Intime India the registrar to the IPO.
Canara Robeco AMC IPO key dates
IPO opens: October 9
IPO closes: October 13
Tentative Allotment: October 14
Initiation of Refunds: October 15
Credit of shares to Demat: October 15
Listing: October 16
Cut-off time for UPI mandate confirmation: 5 pm on October 13
Canara Robeco AMC business
This AMC offers a diverse range of equity, debt and hybrid mutual fund schemes. It runs as many as 26 of them — 15 are equity-oriented, 3 hybrid, 11 debt-oriented. It has a pan-India operation in about two dozen cities across 14 states and 2 union territories.
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