Canara Robeco AMC IPO Opens on October 9

Canara Robeco AMC launches a ₹1,326 crore IPO at ₹253–266 per share, becoming India’s fifth listed mutual fund house. The offer is a pure OFS by Canara Bank and ORIX. With ₹1.11 lakh crore AUM and strong equity and retail focus, the AMC boasts high RoE (36.2%) and lower valuations than larger peers, signaling growth potential.