Canara Robeco AMC IPO GMP, Subscription Status Online Live Updates: Canara Robeco Asset Management Company (AMC) opened its initial public offering (IPO) for subscription today, October 9. The IPO will remain for subscription till October 13.
| Canara Robeco IPO | Key Details |
| Price Band | Rs 253-266 |
| IPO Date | October 9-13 |
| GMP | 9% |
| IPO Allotment date | October 14 |
| Listing date | October 16 |
Let’s take a look at the key details investors should know –
Canara Robeco AMC IPO: A pure offer for sale
The Rs 1,326.13 crore IPO of Canara Robeco AMC is entirely an offer for sale (OFS). A total of 4.99 crore equity shares will be offloaded by the promoters.
Canara Robeco AMC IPO: Price band
The company has fixed a price band of Rs 253–266 per share for its IPO. Each lot consists of 56 shares, meaning a minimum investment of Rs 14,896 is required for retail investors to apply for one lot.
The bidding window will remain open till Monday, October 13, after which the allotment is likely to be finalised on Tuesday, October 14.
The stock is likely to make its market debut on Thursday, October 16, on both NSE and BSE.
Canara Robeco AMC IPO: Reservation structure
As per the regulatory allocation norms, up to 50% of the issue is reserved for Qualified Institutional Buyers (QIBs), at least 15% for Non-Institutional Investors (NIIs), and at least 35% for retail investors.
Canara Robeco AMC IPO: Key managers to the issue
The IPO is being managed by some of the leading investment banks such as SBI Capital Markets, Axis Capital, and JM Financial. MUFG Intime India is serving as the registrar.
Canara Robeco AMC IPO Subscription Status Live: Follow Live Coverage on Canara Robeco AMC IPO GMP, Subscription Status, Grey Market Premium, Listing Date, Review and More
Canara Robeco AMC IPO Subscription Status, GMP Live: BP Equities on IPO
“At the upper band of the issue price range, the company trades at a P/E of 27.8x based on FY25 earnings. Given its strong fundamentals, long legacy, and execution-focused strategies, we recommend a “SUBSCRIBE” rating from a medium- to long-term perspective,” said BP Equities in its IPO note.
Canara Robeco AMC IPO Subscription Status, GMP Live: Anand Rathi Research on Canara Robeco IPO
"Canara Robeco Asset Management Company is a well-established and trusted brand with a long-standing legacy and strong institutional backing. Its 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 investmen approach. It also benefits from an extensive, multi-channel sales and distribution network spread across India. Additionally, it continues to witness steady growth in the share of AUM contributed by individual investors and through systematic investment plan (SIP) inflows," said Anand Rath Research in its IPO note
Canara Robeco AMC IPO Subscription Status, GMP Live: Subscription update
The Rs 1,326 crore Canara Robeco AMC IPO on the Day 1 of bidding received an overall subscription at 0.12 times so far.
The retail investor category led the participation with 0.22 times subscription, while the non-institutional investors (NII) booked 0.12 times of their quota. The qualified institutional buyers (QIB) segment is yet to see any bids, as of now.
The three-day issue will remain open for subscription till October 13.
Also read: Canara Robeco AMC Vs Rubicon Research IPO: Which is a better bet? – 7 key factors to watch
Canara Robeco AMC IPO Subscription Status, GMP Live: Ventura on IPO
"Looking ahead, Canara Robeco AMC plans to continue expanding its portfolio by launching new schemes tailored to market needs. The company is also focused on enhancing its digital offerings, improving customer interactions, and strengthening distributor relationships. With its forward-looking strategy, Canara Robeco AMC is well positioned to capitalize on future growth opportunities in the evolving asset management landscape," added cin its IPO note.
Canara Robeco AMC IPO Subscription Status, GMP Live: About the AMC
Canara Robeco is a joint venture company with a shareholding structure where Canara Bank owns 51% and OCE holds 49%. With more than three decades of operational experience, the company was incorporated in 1993 and is the second-oldest asset management company in India. Canara Bank, a scheduled public sector commercial bank, was founded in the year 1906 as a private entity and became a nationalised bank in 1969. As of June 2025, Canara Bank has a pan-India presence with 9,861 branches and 7,907 ATMs, spread across all the Indian states and union territories.
Canara Robeco AMC IPO Subscription Status, GMP Live: Subscription update
The Canara Robeco AMC IPO has received an overall subscription of 0.09 times so far on Day 1. The retail investor segment has been subscribed 0.16 times, while the Qualified Institutional Buyers (QIB) portion is yet to see participation. The Non-Institutional Investors (NII) category has subscribed 0.09 times.
Canara Robeco AMC IPO Subscription Status, GMP Live: BP Equities on IPO
"At the upper band of the issue price range, the company trades at a P/E of 27.8x based on FY25 earnings. Given its strong fundamentals, long legacy, and execution-focused strategies, we recommend a "SUBSCRIBE" rating from a medium- to long-term perspective," said BP Equities in its IPO note.
Canara Robeco AMC IPO Subscription Status, GMP Live: Competition made the company higher distribution fee
With competition intensifying in the mutual fund industry, scheme performance is gaining importance. InCred Equities’ initial analysis indicates that Canara Robeco AMC is having relatively high distribution payout ratios as against some of the larger peers.
Canara Robeco AMC IPO Subscription Status, GMP Live: Grey market premium
The IPO has been trading at a grey market premium (GMP) of around Rs 35 per share, suggesting a potential listing gain of approximately 13% over the upper price band. Actual listing performance may vary depending on market conditions.
Canara Robeco AMC IPO Subscription Status, GMP Live: Market position and risks
Canara Robeco AMC benefits from a well-established presence and diverse product mix, but operates in a highly competitive and evolving mutual fund sector. Growth and performance will depend on market conditions, investor preference, and regulatory developments.
Canara Robeco AMC IPO Subscription Status, GMP Live: Anand Rathi research on canara robeco IPO
At the upper price band company is valuing at P/E of 27.8x to its FY25 earnings and market cap of Rs 53,045 million post issue of equity shares. We believe that the IPO is fully priced and recommend “Subscribe Long Term” rating to the IPO," said Anand Rathi Research in its IPO note.
InCred Equities believes Canara Robeco is an attractive bet in the small AMC space and has a higher potential to rerate with a slight improvement in the performance of its schemes and yields, as compared to a few other peers, given its retail focus and a higher proportion of equity AUM.
Canara Robeco AMC IPO Subscription Status, GMP Live: Use of proceeds
Since this is a pure OFS, all proceeds after expenses will go to the promoter-selling shareholders (Canara Bank and ORIX Corporation Europe N.V.). The company itself will not receive fresh capital from the issue.
Canara Robeco AMC IPO Subscription Status, GMP Live: Financial performance
The company reported a 27% increase in revenue from Rs 318.78 crore in FY24 to Rs 404 crore in FY25. Profit after tax grew by 26%, from Rs 151 crore to Rs 190.7 crore. The net worth stood at over Rs 600 crore as of March 2025.
Canara Robeco AMC IPO Subscription Status, GMP Live: Company overview
Incorporated in 1993, Canara Robeco AMC is one of India’s longstanding mutual fund companies. It manages an average AUM of over Rs 81,000 crore as of June 2025. The company operates across equity, debt, and hybrid mutual fund schemes, distributing products through a network of over 52,000 partners across India.
Canara Robeco AMC IPO Subscription Status, GMP Live: InCred Equities on IPO valuation
Post IPO, parent Canara Bank’s stake will fall from 51% to 38%, and under the Reserve Bank of India norms, it must further pare it down to 30% by FY30. At the upper price band of Rs 266, the stock is valued at 28x FY25 EPS, which appears fair relative to peer multiples, said InCred Equities in an IPO note.
Canara Robeco AMC IPO Subscription Status, GMP Live: Listing and registrar
The company’s shares will be listed on both BSE and NSE, with a tentative listing date of October 16. MUFG Intime India is the registrar, and SBI Capital Markets is the lead manager for the issue.
Canara Robeco AMC IPO Subscription Status, GMP Live: Reservation and allotment structure
The IPO reserves 35% of shares for retail investors, 15% for Non-Institutional Investors (NIIs), and up to 50% for Qualified Institutional Buyers (QIBs). The allotment of shares is expected to be finalised on October 14.
Canara Robeco AMC IPO Subscription Status, GMP Live: Promoters and shareholding
Canara Robeco AMC is a joint venture between Canara Bank and ORIX Corporation Europe N.V. Both entities are the selling shareholders in this OFS. Pre-IPO, the promoter shareholding stands at 100%.
Canara Robeco AMC IPO Subscription Status, GMP Live: Dates and other details
The Canara Robeco Asset Management Company IPO opens on October 9, and will close on October 13. The total issue size is Rs 1,326.13 crore, fully offered through an Offer for Sale (OFS) of 4.99 crore equity shares.
The IPO has been priced in the range of Rs 253–Rs 266 per share, with a face value of Rs 10. Retail investors can apply in minimum lots of 56 shares, requiring a starting investment of Rs 14,896 per lot.