The Floor Price is 25.3 times the face value of Equity Shares and the Cap Price is 26.6 times the face value of the Equity Shares.
FinTech BizNews Service
Mumbai, October 6, 2025: Canara Robeco Asset Management Company Limited, shall open its Bid/Offer in relation to its initial public offer of Equity Shares on Thursday, October 9, 2025.
Rajnish Narula, Managing Director & Chief Executive Officer
Canara Robeco Asset Management Company Limited shall open its Bid/Offer in relation to its initial public offer of Equity Shares on Thursday, October 9, 2025.
The initial public offering comprises of an offer for sale of up to 49,854,357 Equity Shares by the Promoter Selling Shareholders (“Total Offer Size”).
The price band for the Offer is at Rs253 to Rs266 per Equity Share. (“The Price Band”).
Bids can be made for a minimum of 56 Equity Shares and in multiples of 56 Equity Shares of face value of Rs10 each thereafter.
The Offer for Sale comprises up to 25,924,266 Equity Shares by Canara Bank and up to 23,930,091 Equity Shares by ORIX Corporation Europe N.V. (“Promoter Selling Shareholders”).
The Anchor Investor Bidding Date shall be Wednesday, October 8, 2025. The Bid/Offer will close on Monday, October 13, 2025.
The Equity Shares are being offered through the Red Herring Prospectus dated October 3, 2025 (“RHP”) filed with the Registrar of Companies, Maharashtra at Mumbai (“ROC”), read with the price band advertisement cum corrigendum to the RHP. The link to the price band advertisement cum corrigendum is available on the website of the Company: https://www.canararobeco.com/company/shareholder-corner/offer-documents/
The Equity Shares offered through this Red Herring Prospectus are proposed to be listed on BSE Limited (“BSE”) and the National Stock Exchange of India Limited (“NSE”).
SBI Capital Markets Limited, Axis Capital Limited and JM Financial Limited are the book running lead managers to the Offer (the “BRLMs”).
The Offer is being made in terms of Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, as amended (the “SCRR”), read with Regulation 31 of the SEBI ICDR Regulations. The Offer is being made through the Book Building Process, in compliance with Regulation 6(1) of the SEBI ICDR Regulations, wherein in terms of Regulation 32(1) of the SEBI ICDR Regulations, not more than 50% of the Offer shall be available for allocation on a proportionate basis to Qualified Institutional Buyers (“QIBs”) (the “QIB Category”), provided that the Company in consultation with the BRLMs, may allocate up to 60% of the QIB Category to Anchor Investors on a discretionary basis, in accordance with the SEBI ICDR Regulations (the “Anchor Investor Portion”).
One-third of the Anchor Investor Portion shall be reserved for domestic Mutual Funds, subject to valid Bids being received from domestic Mutual Funds at or above the price at which Equity Shares of face value of Rs10 each are allocated to Anchor Investors (the “Anchor Investor Allocation Price”). In the event of under-subscription, or non-allocation in the Anchor Investor Portion, the balance Equity Shares of face value of Rs10 each shall be added to the QIB Category (other than Anchor Investor Portion) (“Net QIB Category”).
