Kolkata: The Canara Robeco Asset Management Co IPO is designed to raise Rs 1,326.13 crore through an offer for sale of 4.99 crore shares. The bid opened on Thursday, October 9 and by the end of the first day of bidding, it was subscribed 0.21 times, or 21%, overall — 0.36 times in the retail category, 0.00 times in QIB (Ex Anchor), and 0.23 times in the NII category.

The company has been able to raise Rs 398 crore from anchor investors such as SBI Mutual Funds (MF), ICICI Prudential MF, Nippon India MF, Kotak Mahindra MF, Franklin India MF, HSBC MF, Motilal Oswal MF, PineBridge Global Funds, Kotak Mahindra Life Insurance, Aditya Birla Sun Life Insurance, and Bajaj Allianz Life Insurance.

Canara Robeco IPO GMP

Canara Robeco IPO GMP was recorded by investorgain at Rs 21, which signaled a

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