Canara Robeco has fixed its IPO price band at ₹253–₹266, signaling a relatively investor-friendly valuation.
The company emphasizes that pricing is below many peers to attract long-term retail participation.
The IPO is purely an Offer For Sale (OFS); no fresh capital is being raised.
Canara Bank and ORIX will together offload ~49.8 million shares under this OF
S.
Canara Bank will reduce its stake by ~13% via this sale.
The public issue window opens October 9 and closes on Oct
ober 13.
Anchor investor bidding is set for October 8.
Listing is expected around October 16, subject to market conditions.
The IPO adds to a crowded pipeline amid a busy Q4 for listings.
Observers will watch subscription levels and listing performance
closely.