Canara Robeco Asset Management Company (AMC) Limited’s IPO opened on 9 October 2025 and will close on 13 October 2025, giving investors just one day left to apply. The price band is set between ₹253 and ₹266 per share, with the company aiming to raise ₹1,326.13 crore entirely through an offer for sale (OFS). The IPO will be listed on both the BSE and NSE, with one lot consisting of 56 shares.
The grey market premium (GMP) for Canara Robeco shares is ₹18 today, suggesting a potential listing gain of around 7%. However, investor response has been lukewarm, with the IPO subscribed less than 50% after two days of bidding. By mid-day on the third day, the overall subscription stood at 8.91 times, with retail investors subscribing 1.58 times and qualified institutional buyers (QIBs) at 24.03 times.
Analysts recommend a ‘subscribe’ for medium to long-term investors, noting that while the IPO is fully priced and entirely OFS, it could unlock value in the future. The AMC sector may benefit from expected interest rate cuts by the Reserve Bank of India, making this IPO attractive for long-term investment despite recent primary market fatigue.
