New Delhi, Oct. 9 -- It is a busy week for IPOs and a lucrative one for PSU banking major Canara Bank, which is offloading stakes in two public offers this week - Canara Robeco AMC and Canara HSBC Life Insurance Company.

Canara Robeco IPO kicked off today, October 9, while the Canara HSBC Life Insurance IPO will kick off tomorrow, promising up to 13,000% windfall for the PSU bank stock.

Canara Robeco IPO price band had been fixed in the range of Rs.253 and Rs.266 per share. The issue is entirely an offer for sale (OFS) by the promoters, Canara Bank and ORIX Corporation Europe N.V.

Since Canara Bank is offloading a stake worth nearly Rs.690 crore in the Canara Robeco IPO, it is set to make a sweet return of over 13,000% on this investme...