October 14 is the anticipated date for Canara Robeco AMC’s IPO allocation, and October 16 is the date for the share listing on the BSE and NSE.
Orix Corporation has the remaining interest in the AMC, while Canara Bank controls 51% of Canara Robeco.
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1) Anchor investment: SBI Mutual Funds (MF), ICICI Prudential MF, Nippon India MF, Kotak Mahindra MF, Franklin India MF, HSBC MF, Motilal Oswal MF, PineBridge Global Funds, Kotak Mahindra Life Insurance, Aditya Birla Sun Life Insurance, and Bajaj Allianz Life Insurance were among the anchor investors that Canara Robeco Asset Management Company raised a total of Rs 398 crore from.
2) Details of the subscription: Rs 1,326 crore Subscriptions for the IPO will go live on October 9 and run until October 13. Rs 253 to Rs 266 per share is the set price range.
3) The main functions of Canara Robeco are mutual fund management and Indian equity investing guidance. It is the second-oldest asset manager in the nation. In 1993, the state-run lender launched the business, and in 2007, it partnered with Robeco, which is now a part of Orix. Alongside publicly traded companies like HDFC Asset Management Company, Nippon Life India Asset Management, and UTI Asset Management Company, Canara Robeco competes in the market.
4) Details of the allocation: Canara Robeco shares are anticipated to be distributed on October 14.
5) Listing: the BSE and NSE are planning to list shares on October 16.
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According to Incred Equities‘ research study, the AMC’s emphasis on active equities funds allowed it to maintain its market share at 1.5% as of June 2025. According to the management’s long-term investment strategy, retail accounts accounted for over 87% of its MAAUM as of June 2025. Given its retail-focused strategy, we expect a larger rerating potential at the top price range of Rs 266 compared to other PSU competitors, the research said.
Price of Canara Robeco AMC IPO GMP Today
Platforms that monitor grey market activity indicate that Canara Robeco AMC’s shares are trading at a GMP of around 13 percent on the unregulated market. With a GMP of Rs 35 for the company’s shares, Investorgain predicted a 13.16 percent listing gain. IPO Watch provided the same GMP as well.