Canara Robeco IPO Set to Open Thursday, October 9, with Price Band of ₹253 to ₹266

#CanaraRobecoIPO #IPOIndia #CanaraBank #ORIX #AMCIssue #StockMarket #OFS #BSE #NSE

CHANDIGARH — Canara Robeco Asset Management Company Limited (CRAMC) has announced the opening date and price band for its Initial Public Offer (IPO), which will entirely be an Offer for Sale (OFS) by its promoter shareholders. The IPO is slated to open this Thursday, October 9, 2025.

The asset management company (AMC) has fixed the price band for the public issue at $\text{₹}253$ to $\text{₹}266$ per Equity Share.

IPO Timeline and Key Details

The company has specified that the Floor Price ($\text{₹}253$) is 25.3 times the face value of $\text{₹}10$ per Equity Share, and the Cap Price ($\text{₹}266$) is 26.6 times the face value.

Offer for Sale Details

The entire IPO consists of an Offer for Sale (OFS) of up to 49,854,357 Equity Shares by the Promoter Selling Shareholders.

The two Promoter Selling Shareholders participating in the OFS are:

1. Canara Bank: Offering up to 25,924,266 Equity Shares.
2. ORIX Corporation Europe N.V.: Offering up to 23,930,091 Equity Shares.

Since the issue is solely an OFS, the company itself will not receive any proceeds from the IPO. The entire funds raised will go to the respective selling shareholders.

The Equity Shares are proposed to be listed on both the BSE Limited (BSE) and the National Stock Exchange of India Limited (NSE).

The Book Running Lead Managers (BRLMs) managing the Offer are SBI Capital Markets Limited, Axis Capital Limited, and JM Financial Limited.

#CanaraRobecoIPO #IPOIndia #CanaraBank #ORIX #AMCIssue #StockMarket #OFS #BSE #NSE