Canara Robeco is scheduled to finalize the basis of allotment of its shares on Tuesday, October 14. Bidders will get the messages, alerts or emails for debit of their funds or revocations of their IPO mandate latest by Wednesday, October 15. The mutual funds players saw a decent response from the investors during the three-day bidding. Advertisement

The IPO of Canara Robeco Asset Management Company was open for subscription between October 09-13. It had offered its shares in the price band of Rs 253-266 per share with a lot size of 56 shares. It raised a total of Rs 1,326.13 crore from its IPO, which was entirely a fresh share sale of 4,98,54,357 equity shares.

The issue was overall subscribed a 9.74 times, fetching more than 4.30 lakh applications, attracting bids over Rs 9,000 crore.

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