Canara Robeco AMC IPO Sees Solid Retail Response; Subscribed 43% Overall

Mumbai, October 10, 2025: The ₹1,327-crore initial public offering of Canara Robeco Asset Management Company Limited saw steady traction on its second day, achieving an overall subscription of 44% by 4:55 p.m. on Friday. Retail investors led the demand, with their category subscribing 0.74×, while non-institutional investors subscribed 0.53×. The IPO, which opened on October 9 and will close on October 13, is being offered at a price band of ₹253–₹266.

Founded in 1993, Canara Robeco AMC is among India’s oldest asset managers, jointly promoted by Canara Bank and ORIX Corporation Europe N.V. The firm manages ₹1.11 lakh crore in average AUM as of June 2025, offering 26 mutual fund schemes across retail and institutional segments.

Canara Robeco Institutional Investors Yet to Join

Qualified Institutional Buyers (QIBs) have remained on the sidelines so far, a common pattern where significant institutional demand usually materialises on the final day of the issue. While QIB subscription has been negligible to date, strong participation is expected before the IPO closes.

Canara Robeco Price Trends Reflect Investor Confidence

Most bids were concentrated at the upper end of the price band. Shares worth over 1.68 crore were bid at ₹266, and around 96 lakh shares were placed at the cut-off level, indicating investor confidence in the AMC’s long-term potential.

Canara Robeco Anchor Investors Show Strong Backing

Ahead of the IPO launch, the company raised ₹397.84 crore from 25 anchor investors, including top domestic mutual funds like SBI, ICICI Prudential, Kotak, Axis, and Mirae Asset. Notably, 77% of the anchor allotment came from Indian fund houses, reflecting robust institutional trust.

With strong retail participation and anchor backing, the IPO appears well-positioned for full subscription, pending expected institutional bids. Listing gains remain likely, supported by the AMC’s established brand and consistent AUM growth.

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