The Canara Robeco Asset Management Company (AMC) IPO entered its third day of bidding on Monday, October 13, and has seen a moderate investor response so far. The IPO was subscribed 0.44 times as of 10:54 a.m., reflecting cautious optimism from retail and non-institutional investors.
IPO Price Band and Lot Size
Investors can apply for shares within the price band of ₹253 to ₹256 per equity share, each with a face value of ₹10.
The minimum lot size for application is 56 shares, and bids must be placed in multiples of 56 thereafter.
Pre-IPO Anchor Investment
Before opening to the public, Canara Robeco AMC raised nearly ₹400 crore from anchor investors on Wednesday. This pre-IPO round included participation from several large institutions, signaling early interest in the asset management firm’s market debut.
Subscription Status (as of October 13, 10:54 a.m.)
The IPO saw 0.44 times overall subscription, with the following category-wise breakup:
- Qualified Institutional Buyers (QIBs): Nil
- Non-Institutional Investors (NIIs): 0.53x
- Retail Individual Investors (RIIs): 0.74x
IPO Structure and Offer Details
The Canara Robeco AMC IPO is a pure offer-for-sale (OFS) issue, meaning that no fresh capital will go to the company. Instead, existing shareholders are selling their stakes.
- Total Shares for Sale: Up to 4.98 crore equity shares
- Canara Bank’s Sale: Up to 2.59 crore shares
- Orix Corporation Europe (OCE) Sale: Up to 2.39 crore shares
Currently, Canara Robeco AMC is a 51:49 joint venture between Canara Bank and Orix Corporation Europe, formerly known as Robeco Groep, before being acquired by Japan’s Orix Corp.
After the IPO:
- Canara Bank will dilute its stake by 13%.
- OCE will reduce its holding by 12%.
Important Dates
| Event | Date |
|---|---|
| IPO Open Date | October 11, 2025 |
| IPO Close Date | October 14, 2025 |
| Allotment Finalisation | October 14, 2025 |
| Listing on BSE & NSE | October 16, 2025 |
Canara Robeco AMC IPO GMP (Grey Market Premium)
In the unlisted (grey) market, the Canara Robeco AMC IPO is currently trading at a premium of ₹8 per share, according to Investorgain.com.
With the upper price band set at ₹266, the estimated listing price stands around ₹274, indicating a potential gain of approximately 3.01%.
Note: The Grey Market Premium (GMP) is unofficial and speculative. It should not be considered a guaranteed indicator of listing performance.
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