Canara Robeco AMC IPO GMP Sees Sharp Fall, Issue Subscribed 2.6x On Day 3

Canara Robeco AMC IPO GMP: The grey market premium (GMP) for Canara Robeco Asset Management Company’s initial public offering (IPO) tumbled to nil on the final day of its subscription window, October 13. Ahead of the opening of its three-day bidding window, Canara Robeco AMC IPO commanded a GMP of Rs 35, which steadily declined over the week to touch nil. The public issue, comprising an offer for sale (OFS) of 49.85 million equity shares worth Rs 1,326.13 crore, opened for subscription on October 9 and closes on October 13.

The subdued response in the grey market suggests a weak listing of the Canara Robeco AMC’s IPO. However, it is worth noting that GMP only reflects unofficial demand and does not necessarily determine listing day performance.

Canara Robeco AMC IPO Subscription Status

The Canara Robeco AMC IPO was fully subscribed on the final day of bidding, with the issue receiving an overall subscription of 2.61 times as of 1:57 PM. Excluding the anchor book, the IPO has 34.89 million shares on offer, while bids have been received for 91.23 million shares so far.

The qualified institutional buyer (QIB) quota was booked 5.43 times, the non-institutional investor (NII) category saw 1.98 times subscription, and the retail investor segment saw 1.27 times subscription.

Canara Robeco AMC IPO Details

Canara Robeco AMC IPO Issue Size: Rs 1,326.13 crore

Canara Robeco AMC IPO Price Band: Rs 253-266 per share

Canara Robeco AMC IPO Lot Size: 56 shares

Canara Robeco AMC IPO Minimum Investment: Rs 14,896 (based on upper price band)

Canara Robeco AMC IPO Allotment Date: October 14, 2025

Canara Robeco AMC IPO Listing Date: October 16, 2025 on NSE, BSE

Canara Robeco AMC IPO BRLMs, Registrar: SBI Capital Markets is the book running lead manager, and MUFG Intime India is the registrar of the issue.

Canara Robeco AMC IPO Objective: The IPO proceeds, raised entirely through an OFS by existing shareholders, will not go to the company, but will provide an exit to promoters and early investors.

Canara Robeco AMC Financial Performance

Canara Robeco AMC reported a total income of Rs 121.34 crore in H1 FY26. In FY25, it came in at Rs 404 crore, up from Rs 318 crore in FY24, and Rs 204.80 in FY23.

Its profit after tax (PAT) came in at Rs 60.98 crore in H1 FY26. In FY25, it stood at Rs 190.70 crore, up from Rs 151 crore in FY24, and Rs 79 crore in FY23.

The company's net worth stood at Rs 660.60 crore, as of June 30, 2025.

Canara Robeco AMC Company Profile

Canara Robeco AMC, set up in 1993, is the investment manager for Canara Robeco Mutual Fund. Headquartered in Mumbai, it is a joint venture between Canara Bank and Orix Corporation Europe N.V.

The AMC offers a mix of equity, debt, and hybrid schemes. As of June 30, 2025, it managed 26 schemes, of which 15 are equity-oriented and 11 are debt-oriented.