Canara Robeco AMC IPO Update
Investors can apply for shares in the range of Rs 253 and 256 apiece, with a minimum bid of 56 equity shares.
The initial public offering of Canara Robeco Asset Management Co. was subscribed 0.44 times as of 10:54 a.m. on its third day.
Canara Robeco AMC raised nearly Rs 400 crore from large institutions in the pre-IPO anchor round.
- The allotment of shares to IPO investors will be finalised by October.
- The company will list on the BSE and NSE in October.
Canara Robeco AMC IPO will be a pure offer for sale, with promoters looking to offload up to 4.98 crore shares.
Author's summary: Canara Robeco AMC IPO updates and details.