Canara Robeco AMC Share Price, IPO Listing, GMP Live Updates: The shares of Canara Robeco Asset Management Company IPO are all set to hit the bourses today, October 16. The grey market premium shot up to 8.3% a day ahead of listing, signalling that investors’ buying has increased in the stock.
| Canara Robeco AMC IPO | Key Details |
| IPO date | October 9-13 |
| Subscription | 9.74x |
| GMP | 8.27% |
| IPO Allotment date | October 14 |
| Listing date | October 16 |
Canara Robeco AMC opened its subscription on October 09 and closed it on October 13. The company raised a sum of Rs 1,326.13 crore via an offer for sale of 4.99 crore shares. Canara Robeco had set the bidding price between Rs 253 to Rs 266 per equity share.
SBI Capital Markets is the book-running lead manager for the IPO.
The firm is an asset management company in India, serving as the investment manager for Canara Robeco Mutual Fund. The company’s headquarters are located in Mumbai. It operates as a joint venture between Canara Bank and Orix Corporation Europe N.V. (formerly Robeco Group N.V.).
Canara Robeco AMC Share Price, IPO Listing, GMP Live: How being a Canara Bank subsidiary helps?
PL Capital, in its report on Canara Robeco highlighted that "being a bank subsidiary supports positive net flows." Accordsing to the brokerage house, as subsidiary of Canara Bank (CBK), the AMC benefits from the bank’s widespread branch network and retail customer base, facilitating distribution of MF products across the country.
Canara Bank's contribution to Canara Robeco AMC AuM is 8% as per PL Capital's estimates. They pointed out that Canara Bank sells Canara Robeco AMC products since 99.7% of overall MF sales by the bank are for Canara Robeco AMC.
The equity distribution is: direct 23% compared to an industry average of 25.5%.
Canara Robeco AMC Share Price, IPO Listing, GMP Live: Higher equity share could be an advantage
Monthly Average AUM as of September 2025 was Rs 1.2 lakh crore, with equity share of 90% (highest among peers), which would expose the AMC to equity market movement, making earnings more volatile. "However, this could be an advantage given that we have a positive outlook on Indian equities over the medium and long term due to low penetration in the Indian AMC space. As superior performance translates to higher equity market share, our core earnings estimates face upside risks since markets have given flat to slight negative returns over last 1 year," said Prabhudas Lilladher in a research note.
Canara Robeco AMC Share Price, IPO Listing, GMP Live: Digital infra
Canara Robeco has an integrated digital ecosystem covering various aspects of operations. The company's automation and digitalisation initiatives are targeted to improve customer convenience, accessibility, digital payment options, customer service, and engagement. Its digital initiatives to attract new customers include an investor mobile application available on Android and iOS platforms, direct investment opportunities through “smarTInvestor – Canara Robeco” available on their website, and the initiation of eKYC.
Canara Robeco AMC Share Price, IPO Listing, GMP Live: PL Capital Initiates coverage with Buy
Prabhudas Lilladher or PL Capital initiates coverage on Canara Robeco with a Buy rating. They have a target price of Rs 320 per share.
The brokerage house is "optimistic about its business prospects given that
-(1) better equity performance could lead to an increase in net equity flow market share (1.3% in H1FY26)
-(2) higher equity share of 90% could lead to higher core earnings as we are positive on Indian equities over the medium & long-term
-(3) telescopic pricing would have a limited impact on equity yields as commission payout is high at 70%+. "
Canara Robeco AMC Share Price, IPO Listing, GMP Live: Strong subscription
The Canara Robeco IPO saw steady subscription. The issue was subscribed 9.74x. The subscription for the retail category stood at 1.91 times while QIBs were subscribed 25.92x (Ex Anchor). The NII category saw 6.45x subscription
As subsidiary of Canara Bank, the AMC benefits from the bank’s widespread branch network and retail customer base, facilitating distribution of MF products across the country. Canara Bank's contribution to the AMC's AUM is 8%. The lender only sells the AMC products since 99.7% of overall MF sales by the bank are for Canara Robeco AMC.
Canara Robeco AMC Share Price, IPO Listing, GMP Live: Prabhudas Lilladher initiates coverage
Prabhudas Lilladher has initiated coverage on Canara Robeco AMC with a ‘Buy’ rating. The broker is optimistic about its business prospects, given that the AMC's better equity performance could lead to an increase in net equity flow market share (1.3% in H1 FY26) and, in turn, improve stock market share, which may translate to AAuM CAGR of 20% over FY26-28 (3% higher than industry).
Canara Robeco AMC Share Price, IPO Listing, GMP Live: AMC's listing today
Canara Robeco Asset Management Company is a well-established and trusted brand with a long-standing legacy and strong institutional backing. The company is all set to list on the exchanges today, October 16. The firm's operations are guided by a seasoned professional management team and supported by robust corporate governance practices. The company offers a well-diversified portfolio of equity products driven by a rigorous, research-based investment approach.