The ₹1,326-crore IPO of Canara Robeco Asset Management Company drew strong interest across categories, fetching 9.74 times overall subscription on the closing day of bidding on Monday.

The IPO received bids for 33.99 crore shares against 3.48 crore shares on offer, as per exchange data. The quota of qualified institutional buyers (QIBs) led the table with subscription of 25.92 times followed by non-institutional investors (NIIs) 6.45 times , and retail investors 1.91 times.

The IPO was entirely an offer for sale (OFS) of roughly 4.98 crore shares with no fresh issue component , at a price band of ₹253 to ₹266 per share.

Under the OFS, promoters — Canara Bank and ORIX Corporation Europe N V (previously known as Robeco Groep N V) — offload 2.59 crore shares and 2.39 crore shares, respec

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