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Canara Robeco IPO fully subscribed
Mint Ahmedabad
|October 14, 2025
Asset manager Canara Robeco’s nearly $150 million initial public offering (IPO) was fully subscribed on Monday, the final day of its three-day bidding process, led by strong institutional interest after muted demand earlier.
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The Mumbai-based firm's IPO drew bids worth ₹21.23 billion ($239.7 million), 2.3 times the 34.9 million shares on offer, with demand led by qualified institutional buyers (QIB) who bid for four times their allotted portion, exchange data showed. Retail investors, who had
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