Canara Robeco IPO, Oct. 8 -- The initial public offering (IPO) of Canara Robeco Asset Management Company is set to open for subscription on Thursday, October 9. The mainboard issue is entirely an offer for sale (OFS) of 4,98,54,357 shares. The Canara Robeco IPO price band has been fixed at Rs.253 to Rs.266 per equity share.

Canara Bank and ORIX Corporation Europe N.V. are the two promoter selling shareholders of the OFS. Canara Bank is selling up to 2,59,24,266 shares, while ORIX Corporation is offloading 2,39,30,091 shares in this OFS.

Meanwhile, the grey market is reflecting a positive sentiment about the issue, as the latest grey market premium (GMP) of Canara Robeco stock was Rs.35, indicating that the stock could be listed at a pre...