Canara Robeco AMC IPO: Price Band Set at ₹253-266; Issue Opens on October 9

New Delhi, October 6, 2025: Canara Robeco Asset Management Company IPO has set the price range for its soon-to-be-launched Initial Public Offering (IPO) at ₹253 to ₹266 per equity share, giving a company valuation of approximately ₹5,300 crore at the upper end. The ₹1,326 crore issue opens for public subscription on October 9, closes on October 13, while anchor bidding opens on October 8.

Canara Robeco is India’s second-oldest fund house, established in 1993 by Canara Bank and later forming a strategic partnership with Robeco, a unit of ORIX Corporation, in 2007. The asset management company (AMC) operates in the mutual fund sector and also provides investment advisory services across India’s debt and equity markets. It faces competition from leading peers such as HDFC AMC, Nippon Life India AMC, and UTI AMC.

Canara Robeco AMC IPO Entirely an Offer for Sale

The transaction comprises entirely an Offer for Sale (OFS) of 4.98 crore equity shares, without a fresh issue component.

Under the OFS:

• Canara Bank will sell 2.59 crore shares
• ORIX Corporation Europe NV (formerly Robeco Groep NV) is scheduled to sell 2.39 crore shares

As the IPO is fully an OFS, the company will not receive any proceeds from the issue; the funds will go directly to the selling shareholders.

Canara Robeco AMC IPO Issue Details and Allocation

Canara Robeco Asset Management Company’s ₹1,326 crore initial public offering (IPO) is scheduled to be launched soon, with the company set for a listing on October 16. The public issue is entirely an Offer for Sale (OFS), which means that existing shareholders will be selling a part of their holding.

The issue has been priced between ₹253 and ₹266 per share, and the issuing structure for allotment allows 50% of the issue to be allocated to Qualified Institutional Buyers (QIBs), 35% to retail investors, and 15% to non-institutional investors (NIIs).

Canara Robeco AMC IPO Book Running Lead Managers

The Book Running Lead Managers of the issue are Axis Capital, SBI Capital Markets, and JM Financial.

Canara Robeco AMC IPO Related Developments

Canara Bank received approval from the Reserve Bank of India in December 2024 to divest its stakes in its mutual fund and life insurance businesses. Thereafter, the Canara HSBC Life Insurance Company IPO, a full OFS of 23.75 crore shares, will also open up for subscription from October 10 until October 14.

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