Canara Robeco AMC IPO GMP, Subscription Status Day 3 Online Live Updates: It is the last call for the Canara Robeco AMC IPO. The subscription window to bid for the IPO will close today, October 13. The company opened the IPO subscription on October 09. The company has set the bidding price in a range of Rs 253 to Rs 266 per equity share.
The AMC is a 100% book build issue, which aims to mop up a sum of Rs 1,326.13 crore. The issue is entirely an offer for sale of 4.99 crore shares.
The allotment for the AMC is likely to be finalised on October 14, while the listing on the bourses, BSE and NSE, is expected to be on October 16, as per the tentative schedule.
SBI Capital Markets is managing the issue as the book-running lead manager for the IPO, and MUFG Intime India is the registrar of the issue.
Canara Robeco AMC IPO: 3 key risks that investors must know
1. One of their equity schemes and nine of their debt funds have lagged behind their benchmark indices during the one-year period ending June 2025. If their investment funds continue to underperform, their assets under management could decline, which would adversely affect their operational results.
2. The company’s operations are heavily regulated, which includes regular inspections conducted by the Securities and Exchange Board of India (SEBI). Failure to comply with current regulations or heed SEBI’s observations could lead to penalties and limitations on the business activities it can pursue.
3. Unfavourable market fluctuations and economic recessions could lead to customers pulling out or reducing their transaction activities. This would consequently reduce their assets under management and management fees. This situation could have a substantial and detrimental impact on their operational revenue.
Canara Robeco AMC IPO Subscription Status Day 3 Live: Follow Live Coverage on Canara Robeco AMC IPO GMP, Subscription Status of Day 3, Grey Market Premium, Listing Date, Review and More
Canara Robeco AMC IPO Subscription Status, GMP Live: Shareholding and IPO structure
Before the IPO, Canara Bank holds 51% and Orix Europe 49%. The IPO is entirely an offer-for-sale (OFS), with 49.85 million shares being sold at Rs 253–Rs 266 per share. No fresh capital is raised; proceeds go to the selling shareholders.
Canara Robeco AMC IPO Subscription Status, GMP Live: Background of the company
Canara Robeco AMC, established in 1993, is one of India’s oldest asset management companies. It started as Canbank Mutual Fund and became a joint venture with Orix Corporation Europe N.V. in 2007.
HDFC Securities highlighted that the company is focussing on delivering sustained investment performance through a robust research-driven process. They believe tat the AMC is "targeting medium to long-term investors through a research-driven approach. Its investment process integrates both top-down and bottom-up fundamental research to gain a comprehensive understanding of industries and companies."
Key evaluation criteria for Canara Robeco includes business quality, management strength, balance sheet soundness, and growth prospects. "This thorough research is conducted by a skilled team of analysts and portfolio managers, supporting effective portfolio construction and risk management. CRAMC fosters a collaborative, team-based environment with operational autonomy within predefined limits, encouraging informed decision-making and knowledge sharing," they added.
According to HDFC Securities, "this strategy centers on building portfolios grounded in medium to long-term fundamentals, aiming to generate sustained, risk-adjusted returns for investors over time."
Canara Robeco AMC IPO Subscription Status, GMP Live: Anand Rathi on 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 a “Subscribe Long Term” rating to the IPO," said Anand Rathi Research in its IPO note.
Bidding for Day 3 has started for Canara Robeco AMC IPO. The issue has been subscribed 0.44 times so far after two days of bidding. The retail segment was subscribed 0.74 times while the QIB portion subscription is at 0 as of now. NIIs were subscribed 0.53 times so far.
Canara Robeco AMC IPO Subscription Status, GMP Live: Subscription Day 2 recap
On Day 2 of bidding (October 10), the issue was subscribed 0.44 times overall, with the retail portion showing the most traction at 0.74 times. The non-institutional investor (NII) segment received bids for 0.53 times, while the qualified institutional buyers (QIB) category is yet to see participation.