Canara Robeco IPO: Canara Robeco Asset Management Co.’s initial public offering (IPO) is a book-built issue, offering stock market investors an entire offer for sale (OFS) component.
The firm’s IPO received a flat subscription as of the first day of public bidding on Thursday, 9 October 2025.
As of the first day of public subscription, the Canara Robeco IPO witnessed a 23% booking, with stock market investors bidding for 79,44,496 or more than 79 lakh equity shares, compared to the 3,48,98,051 shares on offer.
Out of the three investor segments, retail bidders emerged as the largest portion, accounting for 36% of the shares available for booking. The retail investors booked 62,46,296 shares out of the 1,74,49,025 shares on offer.
The Non-Institutional Investors (NIIs) followed the retail investor lead, coming in at 23% subscription, as bidders subscribed to 16,91,088 shares, out of the 74,78,154 shares on offer.
Qualified Institutional Buyers (QIBs) portion booking was flat as investors bid for 7,112 shares, out of the total 99,70,872 shares on offer, according to the BSE data.
Canara Robeco IPO latest GMP
As of Thursday, 9 October 2025, the grey market premium (GMP) for the Canara Robeco IPO stood at ₹35 per share. With the upper price band of the public issue at ₹266, the company’s shares are expected to be listed at ₹301 apiece, marking a premium of 13%, according to IPO India data.
The grey market premium (GMP) is an indicator which shows the investors’ willingness to invest in a primary issue.
Canara Robeco IPO details
Canara Robeco is offering a book-built public issue comprising an entirely offer for sale (OFS) component of up to 4,98,54,357 or 4.98 crore equity shares by the promoters. However, there is no fresh issue component of the Canara Robeco IPO.
The public issue opened for public bidding on Thursday, 9 October 2025, and is scheduled to close after its final subscription round on Monday, 13 October 2025.
The company fixed its price band in the range of ₹253 to ₹266 per share with a lot size of 56 shares per lot. The proceeds raised from the IPO round will entirely go to the promoters selling stakeholding.
SBI Capital Markets Limited, Axis Capital Limited, and JM Financial Limited are the book-running lead managers of the public issue, while MUFG Intime India Private Limited (Formerly Link Intime India Private Limited) is the registrar of the offer.
Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.