Canara Bank subsidiary to soon launch IPO

Shares of public sector lender Canara Bank surged by 1.94 pc in the recent trading session as the bank has announced that its subsidiary has filed a prospectus with SEBI.

The Stock Exchanges are informed that Canara Robeco Asset Management Company Limited, Subsidiary of Canara Bank has filed an updated DRHP (referred as 'UDRHP') with Securities and Exchange Board of India (“SEBI”) on 23.09.2025.

Draft Red Herring Prospectus is a preliminary document filed by a company with a regulatory body, such as India's SEBI, before launching an Initial Public Offering (IPO).

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Canara Robeco Asset Management Company Limited of India is an investment management company which offers wealth management, equities, mutual funds, investment strategies, financial planning, and advisory services.

Shares of Canara Bank are trading higher by 1.86 percent at Rs 121.08 at the BSE.

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