New Delhi, Oct. 8 -- Canara Robeco Asset Management Co. (CRAMC), India's second-oldest asset manager, is set to test investor appetite with its Rs.1,326-crore initial public offering, banking on its strong equity focus, rapid growth momentum, and the trusted legacy of its joint promoters- state-run Canara Bank and Netherlands-based Orix Corporation Europe.

The IPO, which opens Thursday and closes Monday, comprises an offer-for-sale of up to 49.8 million equity shares by existing shareholders, priced in the band of Rs.253-266 per share. The issue comes at a time when asset management companies (AMCs) are increasingly drawing investor attention, as markets scale highs and strong retail inflows through systematic investment plans (SIPs) pro...