Canara Robeco AMC has set a price band of Rs 256-263 for its Rs 1,326 crore IPO , valuing the company at Rs 5,302 crore at the the upper band. The issue is an offer for sale by promoters Canara Bank and ORIX Corporation Europe.

What did Rajnish Narula say?

“Over the last five years, we have grown at 40% when the industry has grown at 20%, the growth is in select markets; we are predominantly in equity-focused fund, ” said Rajnish Narula, CEO, Canara Robeco AMC.

He added that Canara Bank being one of our promoters, currently contributes 8% to our AUM, which is very healthy and perhaps grow over time.

What is the company’s price-to-earnings ratio?

Based on higher price of Rs 263, the company’s price to earnings ratio is 27.82. In comparison, HDFC AMC’s is 48.21 times and Nippon Life

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