Canara Robeco AMC IPO Fully Subscribed on Last Day; QIB Component Oversubscribed 2.3×

Mumbai, October 13, 2025 – The initial public offering (IPO) of Canara Robeco Asset Management Company Limited concluded on a strong note on its last day, with the issue being fully subscribed by early Monday afternoon. Strong institutional demand combined with sustained retail interest led to the solid conclusion.

As of 1:39 p.m., the total bids had accumulated to 5.87 crore shares against the offered 3.49 crore shares, which amounts to an overall subscription of 1.68 times, according to combined BSE-NSE data.

Canara Robeco Category-Wise Subscription

Institutional investors took the lead with Qualified Institutional Buyers (QIBs) oversubscribing their category 2.31 times. Foreign Institutional Investors (FIIs) alone had bid for more than 1.80 crore shares, while domestic mutual funds and insurance companies made valuable contributions.

Non-Institutional Investors (NIIs) led the way with a 1.86× subscription on the strength of individual investor bids in the ₹2–₹10 lakh range. Retail Individual Investors (RIIs) also picked up pace with 2.17 crore share bids, oversubscribing their 1.25 times.

Canara Robeco Price-Wise Demand

There was investor confidence at the higher part of the price band. At ₹266 a share, total bids amounted to 6.18 crore shares, while cut-off bids were 1.78 crore shares, indicating strong interest even at the higher pricing.

Canara Robeco Institutional Support

Before the IPO, Canara Robeco AMC raised ₹397.84 crore from 25 anchor investors, including prominent domestic institutions like SBI Mutual Fund, ICICI Prudential, Kotak, Nippon India, Aditya Birla Sun Life, Axis, DSP, and Mirae Asset. Domestic mutual funds participating in 18 schemes accounted for almost 77% of the anchor portion, reflecting robust institutional faith in the market standing of the AMC.

Canara Robeco IPO Details

The IPO was priced within the range of ₹253 – ₹266 per share, collecting ₹1,327 crore wholly through an Offer for Sale of 4.98 crore shares by promoters ORIX Corporation Europe N.V. and Canara Bank. The bidding ran from October 9 to October 13, 2025, and the listing was scheduled on October 17, 2025.

Canara Robeco Lead Managers and Registrar

SBI Capital Markets Limited, Axis Capital Limited, and JM Financial Limited, as Book Running Lead Managers, handled the IPO. MUFG Intime India Private Limited served as the Registrar to the Offer.

About Canara Robeco AMC

Set up in 1993, Canara Robeco Asset Management Company Limited is one of India’s earliest fund houses. It is jointly sponsored by Canara Bank (51%) and ORIX Corporation Europe N.V. (49%), with a total average AUM of ₹1.11 lakh crore over 26 mutual fund schemes as on June 30, 2025.

The IPO closed on a successful note with good institutional and retail demand, reflecting confidence in the AMC’s long market presence.

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