Canara Robeco AMC IPO subscribed 9.74 times, sees strong QIB demand

The ₹1,326-crore IPO of Canara Robeco Asset Management Company drew strong interest across categories, fetching 9.74 times overall subscription on the closing day of bidding on Monday.

The IPO received bids for 33.99 crore shares against 3.48 crore shares on offer, as per exchange data. The quota of qualified institutional buyers (QIBs) led the table with subscription of 25.92 times followed by non-institutional investors (NIIs) 6.45 times , and retail investors 1.91 times.

The IPO was entirely an offer for sale (OFS) of roughly 4.98 crore shares with no fresh issue component, at a price band of ₹253 to ₹266 per share.

Under the OFS, promoters — Canara Bank and ORIX Corporation Europe N V (previously known as Robeco Groep N V) — offload 2.59 crore shares and 2.39 crore shares, respectively.

Ahead of the IPO, the company mobilised ₹398 crore from anchor investors by allotting 1.49 crore equity shares to 25 funds, including SBI Mutual Funds (MF), ICICI Prudential MF, Nippon India MF, Kotak Mahindra MF, Franklin India MF, HSBC MF and Motilal Oswal MF.

The allotment date for the IPO is scheduled for October 14, and shares are tentatively slated to list on the BSE and NSE on October 16.

Published on October 13, 2025