Canara Robeco IPO: The initial public offering (IPO) of Canara Robeco Asset Management Company Limited concluded its final day of public bidding today, October 13, with the issue subscribed 9.74 times, as per provisional exchange data. The asset management company aims to raise Rs 1,326.13 crore from the public offering.

Canara Robeco IPO subscription status:

Overall, investors bid for 33.99 crore shares against the total shares on offer. It includes subscription from Non-Institutional Investors (NIIs) who bid 6.45 times (4.82 crore shares against the 74.78 lakh shares reserved) and Retail Individual Investors (RIIs) who bid 1.91 times (3.33 crore shares against the 1.74 crore shares allotted).

The Qualified Institutional Buyers (QIBs) portion that was seen lagging in the first two day

See Full Page