Canara Robeco Asset Management Company Ltd has successfully raised ₹397 crore from over 15 prominent anchor investors, just ahead of its initial public offering (IPO), which opens for subscription on Thursday, October 9.
The company’s board has approved the allotment of 1.49 crore equity shares to these anchor investors at ₹266 per share, the upper limit of the IPO price band.
Nippon Life India Trustee Ltd., through the Nippon India Small Cap Fund, emerged as the largest participant in the anchor round, securing over 13.16 lakh shares for an investment of approximately ₹39 crore. Other major participants include Aditya Birla Sun Life Banking & Financial Services Fund, Axis Small Cap Fund, DSP Banking Fund, and SBI PSU Fund.
| Fund Name | % of Anchor Book |
| Nippon India Small Cap Fund | 8.81% |
| Kotak Mahindra Mutual Fund | 2.55% |
| Aditya Birla Sun Life Mutual Fund | 7.55% |
| Axis Small Cap Fund | 7.55% |
| DSP Banking & Financial Services Fund | 7.55% |
| SBI PSU Fund | 6.29% |
| Kotak Contra Fund | 6.25% |
The ₹1,326 crore Canara Robeco IPO will be entirely an Offer for Sale (OFS), with promoters Canara Bank and Robeco Groep N.V. (OCE) offloading shares. As such, the company will not receive any proceeds from the offering.
Also Read: Canara Robeco IPO Set to Open on October 9: Key Risks You Should Know
Post-listing, Canara Robeco AMC is expected to command a market capitalisation of approximately ₹5,305 crore, based on the upper end of the price band.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Oct 9, 2025, 7:53 AM IST
Sachin Gupta
Sachin Gupta is a Content Writer with 6+ years of experience in the stock market, including global markets like the US, Canada, and Australia. At Angel One, Sachin specialises in creating financial content that simplifies complex market trends. Sachin holds a Master's in Commerce, specialising in Economics.
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