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Canara Robeco AMC raises ₹397 crore from over 15 anchor investors ahead of its IPO

Michael Johnson by Michael Johnson
October 8, 2025
in Business & Economy
Reading Time: 2 mins read
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Canara Robeco AMC Ltd. has raised ₹397 crore from over 15 anchor investors ahead of its IPO opening for subscription on Thursday, October 9.

The company’s board of directors has approved the issue of 1.49 crore equity shares to these eligible anchor investors at a price of ₹266 per share, which is at the upper end of the price band.

Nippon Life India Trustee Ltd., through the Nippon India Smallcap Fund, received the lion’s share of the anchor book allocation, with over 13.16 lakh shares, for an investment of ₹39 crore. Aditya Birla Sun Life Banking & Financial Services Fund, Axis Small Cap Fund, DSP Banking Fund and SBI PSU Fund follow suit in the list of large anchor allocations.

Funds% of anchor book
Nippon India Small Cap Fund8.81
Kotak Mahindra MF2.55
Aditya Birla Sun Life MF7:55 a.m.
Axis Smallcap Fund7:55 a.m.
DSP funds for banking and financial services7:55 a.m.
SBI PSU Fund6.29
Kotak Violation Fund6:25 a.m.

Canara Robeco AMC’s ₹1,326-crore IPO opens for subscription on Thursday. The company has set the price band at ₹253 to ₹266 per share. Retail investors can bid for a batch of 56 shares, which will result in a minimum investment of ₹14,896. Investors can then bid in multiples of 56 shares.

The issue is a full offer for sale (OFS), which means the company will not receive any proceeds from the issue. Canara Bank and OCE, listed as promoters, will sell shares in the IPO.

Canara Robeco AMC will have a post-issue market capitalization of ₹5,305 crore, which is at the higher end of the price band.

The issue will close for subscriptions on Monday October 13. The allocation of shares will take place on Tuesday October 14 and the IPO on October 16.

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Tags: AheadAMCanchorCanaracroreinvestorsIPOraisesRobeco
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