Canara Robeco AMC IPO Subscription Status, GMP LIVE: Canara Robeco AMC IPO opens today; Check GMP, price band, and key details – IPO News
Canara Robeco AMC IPO GMP, Subscription Status Online Live Updates: Canara Robeco Asset Management Company (AMC) will open its initial public offering (IPO) for subscription today, October 9. The IPO will remain for subscription till October 13.
| Canara Robeco IPO | Key Details |
| Price Band | Rs 253-266 |
| IPO Date | October 9-13 |
| GMP | 13% |
| IPO Allotment date | October 14 |
| Listing date | October 16 |
Let’s take a look at the key details investors should know –
Canara Robeco AMC IPO: A pure offer for sale
The Rs 1,326.13 crore IPO of Canara Robeco AMC is entirely an offer for sale (OFS). A total of 4.99 crore equity shares will be offloaded by the promoters.
Canara Robeco AMC IPO: Price band
The company has fixed a price band of Rs 253–266 per share for its IPO. Each lot consists of 56 shares, meaning a minimum investment of Rs 14,896 is required for retail investors to apply for one lot.
The bidding window will remain open till Monday, October 13, after which the allotment is likely to be finalised on Tuesday, October 14.
The stock is likely to make its market debut on Thursday, October 16, on both NSE and BSE.
Canara Robeco AMC IPO: Reservation structure
As per the regulatory allocation norms, up to 50% of the issue is reserved for Qualified Institutional Buyers (QIBs), at least 15% for Non-Institutional Investors (NIIs), and at least 35% for retail investors.
Canara Robeco AMC IPO: Key managers to the issue
The IPO is being managed by some of the leading investment banks such as SBI Capital Markets, Axis Capital, and JM Financial. MUFG Intime India is serving as the registrar.
Live Updates
Canara Robeco AMC IPO Subscription Status Live: Follow Live Coverage on Canara Robeco AMC IPO GMP, Subscription Status, Grey Market Premium, Listing Date, Review and More
Canara Robeco AMC IPO Subscription Status, GMP Live: Grey market premium
The IPO has been trading at a grey market premium (GMP) of around Rs 35 per share, suggesting a potential listing gain of approximately 13% over the upper price band. Actual listing performance may vary depending on market conditions.
Canara Robeco AMC IPO Subscription Status, GMP Live: Market position and risks
Canara Robeco AMC benefits from a well-established presence and diverse product mix, but operates in a highly competitive and evolving mutual fund sector. Growth and performance will depend on market conditions, investor preference, and regulatory developments.
Canara Robeco AMC IPO Subscription Status, GMP Live: Anand Rathi research on canara robeco IPO
At the upper price band company is valuing at P/E of 27.8x to its FY25 earnings and market cap of Rs 53,045 million post issue of equity shares. We believe that the IPO is fully priced and recommend “Subscribe Long Term” rating to the IPO,” said Anand Rathi Research in its IPO note.
Canara Robeco AMC IPO Subscription Status, GMP Live: InCred Equities on the company
InCred Equities believes Canara Robeco is an attractive bet in the small AMC space and has a higher potential to rerate with a slight improvement in the performance of its schemes and yields, as compared to a few other peers, given its retail focus and a higher proportion of equity AUM.
Canara Robeco AMC IPO Subscription Status, GMP Live: Use of proceeds
Since this is a pure OFS, all proceeds after expenses will go to the promoter-selling shareholders (Canara Bank and ORIX Corporation Europe N.V.). The company itself will not receive fresh capital from the issue.
Canara Robeco AMC IPO Subscription Status, GMP Live: Financial performance
The company reported a 27% increase in revenue from Rs 318.78 crore in FY24 to Rs 404 crore in FY25. Profit after tax grew by 26%, from Rs 151 crore to Rs 190.7 crore. The net worth stood at over Rs 600 crore as of March 2025.
Canara Robeco AMC IPO Subscription Status, GMP Live: Company overview
Incorporated in 1993, Canara Robeco AMC is one of India’s longstanding mutual fund companies. It manages an average AUM of over Rs 81,000 crore as of June 2025. The company operates across equity, debt, and hybrid mutual fund schemes, distributing products through a network of over 52,000 partners across India.
Canara Robeco AMC IPO Subscription Status, GMP Live: InCred Equities on IPO valuation
Post IPO, parent Canara Bank’s stake will fall from 51% to 38%, and under the Reserve Bank of India norms, it must further pare it down to 30% by FY30. At the upper price band of Rs 266, the stock is valued at 28x FY25 EPS, which appears fair relative to peer multiples, said InCred Equities in an IPO note.
Canara Robeco AMC IPO Subscription Status, GMP Live: Listing and registrar
The company’s shares will be listed on both BSE and NSE, with a tentative listing date of October 16. MUFG Intime India is the registrar, and SBI Capital Markets is the lead manager for the issue.
Canara Robeco AMC IPO Subscription Status, GMP Live: Reservation and allotment structure
The IPO reserves 35% of shares for retail investors, 15% for Non-Institutional Investors (NIIs), and up to 50% for Qualified Institutional Buyers (QIBs). The allotment of shares is expected to be finalised on October 14.
Canara Robeco AMC IPO Subscription Status, GMP Live: Promoters and shareholding
Canara Robeco AMC is a joint venture between Canara Bank and ORIX Corporation Europe N.V. Both entities are the selling shareholders in this OFS. Pre-IPO, the promoter shareholding stands at 100%.
Canara Robeco AMC IPO Subscription Status, GMP Live: Dates and other details
The Canara Robeco Asset Management Company IPO opens on October 9, and will close on October 13. The total issue size is Rs 1,326.13 crore, fully offered through an Offer for Sale (OFS) of 4.99 crore equity shares.
The IPO has been priced in the range of Rs 253–Rs 266 per share, with a face value of Rs 10. Retail investors can apply in minimum lots of 56 shares, requiring a starting investment of Rs 14,896 per lot.
Credit: Source link
