Abhishek Sinha
The much-awaited Canara Robeco Asset Management Company IPO is set to debut on the BSE and NSE on Thursday, October 16, after receiving a robust response from investors with nearly 10 times overall subscription.
The ₹1,326.13 crore mainboard issue — entirely an offer for sale (OFS) of 4.99 crore shares — opened on October 9 and closed on October 13. The share allotment was finalized on October 14.
🔹 Grey Market Premium (GMP) Trends
Ahead of its market debut, Canara Robeco IPO is showing a modest grey market premium (GMP) of ₹11, according to market trackers. Based on the upper price band of ₹266, the listing price is projected to be around ₹277 per share, indicating a 4% premium over the issue price.
🔹 Issue Details
The IPO was entirely an OFS by its promoters — Canara Bank and ORIX Corporation Europe N.V.
- Canara Bank sold 2.59 crore shares
- ORIX Corporation offloaded 2.39 crore shares
The issue was managed by SBI Capital Markets, Axis Capital, and JM Financial, with MUFG Intime India Pvt Ltd acting as the registrar.
🔹 About Canara Robeco
Founded as one of India’s oldest asset management companies, Canara Robeco manages mutual funds and offers investment advisory services, including equity management for Robeco Hong Kong Limited, part of its promoter group.
The firm has shown strong financial growth, with revenue rising from ₹2,045.95 million in FY23 to ₹4,036.95 million in FY25, reflecting robust operational expansion.
🔹 What to Expect on Listing Day
Analysts suggest that while the listing gains may be modest due to a fair valuation, strong fundamentals, brand trust, and consistent profitability could support healthy long-term investor interest.
Investors will now be watching closely as Canara Robeco makes its market debut on October 16, marking one of the most anticipated AMC listings of 2025.
