Canara Robeco AMC Secures ₹397.8 Crore from Anchor Investors at ₹266 per Share..
Varahi media.com online news,Mumbai, October 10, 2025: Canara Robeco Asset Management Company Limited, a leading name in India’s asset management sector, has successfully raised
Varahi media.com online news,Mumbai, October 10, 2025: Canara Robeco Asset Management Company Limited, a leading name in India’s asset management sector, has successfully raised ₹397.8 crore by allocating 14,956,306 equity shares to anchor investors at ₹266 per share (including a share premium of ₹256 and a face value of ₹10).
This landmark allocation, announced ahead of the company’s public offering, saw participation from prominent domestic and international investors, with 76.73% (11,476,360 shares) allocated to 11 domestic mutual funds across 18 schemes. The diverse investor pool underscores strong confidence in Canara Robeco’s growth trajectory.
Key Anchor Investors and Allocations:
- SBI PSU Fund: 941,024 shares (6.29%, ₹25.03 crore)
- Nippon India Small Cap Fund: 1,316,952 shares (8.81%, ₹35.03 crore)
- ICICI Prudential Banking and Financial Services Fund: 823,088 shares (5.50%, ₹21.89 crore)
- Aditya Birla Sun Life Banking and Financial Services Fund: 1,128,792 shares (7.55%, ₹30.03 crore)
- Axis Small Cap Fund: 1,128,792 shares (7.55%, ₹30.03 crore)
- DSP Banking & Financial Services Fund: 1,128,792 shares (7.55%, ₹30.03 crore)
- Kotak Contra Fund: 935,032 shares (6.25%, ₹24.87 crore)
Other notable investors include Franklin India Large & Mid Cap Fund, Pinebridge India Equity Fund, Motilal Oswal Large Cap Fund, and insurance giants like Kotak Mahindra Life Insurance and Bajaj Allianz Life Insurance, each contributing significantly to the total allocation of ₹397.83 crore.
Domestic Mutual Fund Participation:
Of the total shares allocated, 11,476,360 (76.73%) went to domestic mutual funds through 18 schemes, reflecting robust domestic institutional support. Key schemes include:
- SBI PSU Fund: 941,024 shares (₹25.03 crore)
- SBI Resurgent India Opportunities Scheme: 375,928 shares (₹10.00 crore)
- ICICI Prudential Exports and Services Fund: 493,864 shares (₹13.14 crore)
- Kotak Banking & Financial Services Fund: 381,920 shares (₹10.16 crore)
- Mirae Asset Small Cap Fund: 376,320 shares (₹10.01 crore)
- HSBC Balanced Advantage Fund: 198,800 shares (₹5.29 crore)
This strategic allocation highlights Canara Robeco’s strong market position and investor trust, setting a solid foundation for its upcoming public issue. The company continues to drive value in India’s financial ecosystem with its innovative asset management solutions.
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