Canara Bank shares up by more than 2% as Robeco gets IPO approval

Canara Bank shares are gaining today. At 2:40 p.m. IST, 30^th September, 2025, the stock price is up by 2.66%, trading at Rs 123.68. This is near its current 52-week high price of Rs 124.55. Nifty 50 index is up by 0.12% at this time.

SEBI gives approval for Robeco IPO

One reason for the rise in its stock price today is that SEBI has given its approval for the IPO of Robeco Asset Management Company. Robeco is among the oldest asset management companies (AMCs) in India. It is a subsidiary of Canara Bank. Canara Bank currently holds 51% stake in the company. The remaining 49% is held by ORIX Corporation Europe NV.

The IPO of Robeco will be an offer for sale (OFS). No new shares will be issued. The existing shareholders, Canara Bank and ORIX, will sell some of their stakes in the IPO.

Banking stocks gaining today

Banking stocks are also gaining in general today. 8 of the 11 stocks that make up BANK NIFTY are in the green at this time. This, ahead of the monetary policy announcement by RBI yesterday.

Also, RBI made certain lending norms easier yesterday. Banks can now give loans to jewelers and those who use gold as raw material on gold and silver collateral.  Canara bank has one of the biggest gold loan portfolios among banks in India.

Canara Bank shares have outperformed Nifty 50 in 2025 by more than 22%

 In the past 5 days, Canara Bank’s stock has gained 0.83%. Year-to-date in 2025, the stock has gained 23.46%. In the same period Nifty 50 index has gained 3.77%. The stock has outperformed the Nifty 50 index by more than 22% in 2025.

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Source: NSE