- By Shreyansh Mangla
- Thu, 09 Oct 2025 05:52 PM (IST)
- Source:JND
Canara Robeco AMC IPO: Canara Robeco Asset Management Company Ltd, an Indian mutual fund and asset management company, launched its IPO, aiming to raise Rs 1,326.13 crore. The share sale is an Offer for Sale (OFS), meaning the proceeds go directly to its current promoters, not the company itself.
It is a mainboard IPO offering 4.99 crore equity shares, each with a face value of Rs 10, totaling up to Rs 1,326.13 crore. The minimum application is for one lot, which consists of 56 shares.
Canara Robeco AMC IPO: How to apply for the IPO?
If you are a customer of a stock bidding application (such as Groww or Zerodha), you can apply for the Canara Robeco IPO by logging into the app or website, filling in your personal details, and placing a bid with your UPI ID. You then need to approve the payment through your UPI app.
Canara Robeco AMC IPO: IPO Dates
The share sale began on October 9, 2025, and will close on October 13, 2025.
Canara Robeco AMC IPO: IPO Allotment Date
The final list of share allotment will be released on October 14, 2025. The allotted shares will be transferred to your demat account by October 15, 2025. You can check your allotment status on the registrar's website.
Canara Robeco AMC IPO: Tentative Listing Date
The shares are expected to be listed on the stock exchanges (BSE and NSE) on October 16, 2025.
Canara Robeco AMC IPO: Financials and Valuation
The company appears to be a financially healthy and stable option. Its revenue grew by 27% and its profit increased by 26% between the financial years ending March 31, 2024 and March 31, 2025. The company's valuation is estimated to be over Rs 5,300 crore after the IPO.
Canara Robeco AMC IPO: Objects of the Issue
The funds raised from this IPO will go directly to the current promoters, who are selling their personal shares to the public, and will not be used for the company's growth.
Canara Robeco AMC IPO: IPO Subscription Details
On Day 1 (October 9, 2025), as of 12:43 PM, the IPO had a total subscription of 0.09 times, with modest public demand. Retail Individual Investors (RIIs) had the strongest subscription at 0.15 times, while Qualified Institutional Buyers (QIBs) had not placed any bids yet. You can check the live subscription status on the registrar's or exchange's website.
Canara Robeco AMC IPO: Price per share
The price per share is set between Rs 253 and Rs 266. A minimum lot of 56 shares costs at least Rs 14,896.
For larger investors, the minimum investment is as follows:
Small NIIs: 14 lots (784 shares), costing around Rs 2,08,544.
Big NIIs (bNIIs): 68 lots (3,808 shares), costing around Rs 10,12,928.
Canara Robeco AMC IPO: Grey Market Premium (GMP)
As of October 9, the Grey Market Premium (GMP) for the Canara Robeco IPO was reported to be around Rs 35 per share, suggesting a potential gain of approximately 13 per cent over the upper price band of Rs 266.
Canara Robeco AMC IPO: In charge of the share sale
SBI Capital Markets Ltd., Axis Capital Ltd., and JM Financial Ltd. are the book-running lead managers, while MUFG Intime India Pvt. Ltd. (formerly Link Intime India Pvt. Ltd.) is the registrar for the issue.
Canara Robeco AMC IPO: About the Company
Canara Robeco is an asset management company that has been assisting investors since its inception in 1993. It is a Mumbai-based joint venture between Canara Bank and ORIX Corporation Europe. As of June 30, 2025, the company managed 26 different investment schemes: 15 equity-oriented and 11 debt-oriented.