Canara Robeco AMC IPO Day 3: Issue booked 58% so far; Check subscription status & key highlights
The ₹1,326.13 crore initial public offering (IPO) of Canara Robeco AMC will conclude today, as it has entered its final day of subscription, 13 October 2025. Till the end of day 2, the IPO was subscribed to 48% with the highest participation from the retail investor category.
Canara Robeco AMC IPO: Issue Details
- Issue Size: Canara Robeco AMC IPO is a book-building issue of ₹1,326.13 crore, consisting entirely of an offer for sale of 4.99 crore shares by promoters Canara Bank and ORIX Corporation Europe N.V., who are jointly offloading and trimming their stakes in the AMC.
- Price Band: The price band is set between ₹253 and ₹266 per share.
- Book-running lead managers: SBI Capital Markets Limited, Axis Capital Limited, and JM Financial Limited
- Registrar: MUFG Intime India Private Limited
- Listing: The shares are proposed to be listed on the NSE and the BSE on October 16.
Canara Robeco AMC IPO Day 3: Subscription Details
[13-October-2025 10:09:00 hrs]
|
Investor Category |
Subscription (Times) |
|
Qualified Institutional Buyers (QIBs) |
0.09 |
|
Non-Institutional Investors |
0.66 |
|
Retail Individual Investors (RIIs) |
0.84 |
|
Total |
0.56 |
Utilisation of IPO Proceeds
The company will not receive any proceeds, and they will be directly allocated to the selling shareholders.
Canara Robeco AMC Business Overview
Canara Robeco AMC was originally established in 1993 as Canbank Mutual Fund. It entered into a partnership with Robeco Group in 2007 and was later acquired by ORIX Corporation Europe N.V.
It is India’s second-oldest asset management company, managing a total of 26 mutual fund schemes, including 12 equity funds, 10 debt funds, and 4 hybrid funds, with a quarterly average asset under management (QAAUM) of ₹1,110.52 billion.
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