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Canara Robeco IPO: Retail Demand Surges Amid Caution

10/10/2025

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Summary

Story summary

Canara Robeco Asset Management Company's IPO opened October 9, 2025, at Rs 1,326 crore, entirely as an offer-for-sale (OFS).
Initial subscription was 4%; retail investors subscribed 6% of allocation.
Price band Rs 253-266; listing expected near Rs 301, about 13.16% gain.
Analysts cite retail-driven growth but warn on gains; Canara Bank stake falls to 38% post-IPO, with reductions by FY30.

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Story summary

Canara Robeco Asset Management Company's IPO opened October 9, 2025, at Rs 1,326 crore, entirely as an offer-for-sale (OFS).
Initial subscription was 4%; retail investors subscribed 6% of allocation.
Price band Rs 253-266; listing expected near Rs 301, about 13.16% gain.
Analysts cite retail-driven growth but warn on gains; Canara Bank stake falls to 38% post-IPO, with reductions by FY30.